Cimarex Energy (XEC) Insiders Make Significant Share Sales Extending the Trend of Last Quarter

Thursday, November 09, 2017 10:15 PM ET

Cimarex Energy (XEC) Insiders Make Significant Share Sales Extending the Trend of Last Quarter

Cimarex Energy, today, saw three insiders — Stephen P Bell, Officer, Thomas E Jorden, Director and Officer, and L Paul Teague, Required Filer — sell 9,444 shares having a market value of approximately $1,181,228, as reported in form 4 documents filed with the SEC. There have been 5 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 19,799 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 29,243 shares and have averaged 3,655 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Cimarex Energy is higher than its 187-company peer group average. The Oil & Gas Exploration and Production peer group saw 124 buy/sell trades during this period for an average of 0.7 transactions per company. However, the number of shares traded per transaction by Cimarex Energy insiders is lower than its peers. Within the peer group there were 8,364,621 shares purchased and 4,891,312 shares sold with company insiders purchasing 58,870 shares on average over this time period.

For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data sourced to compose and write this story.

Today’s Insider Activity
* Stephen P Bell, Officer, sold 3,696 shares
* Thomas E Jorden, Director and Officer, sold 2,500 shares
* L Paul Teague, Required Filer, sold 3,248 shares

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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