Insider Sales at Cimarex Energy (XEC) are Significant and Extend the Selling Trend of Last Quarter

Friday, December 15, 2017 10:15 PM ET

Insider Sales at Cimarex Energy (XEC) are Significant and Extend the Selling Trend of Last Quarter

Three insiders — Joseph R Albi, Director and Officer, Thomas E Jorden, Director and Officer, and John Lambuth, Officer — today, disposed of 20,000 shares of Cimarex Energy having a market value of approximately $2,269,122, as reported in form 4 documents filed with the SEC. There have been 7 insiders with buy/sell transactions in the past 90 days prior to these filings. These trades have resulted in the acquisition of 248 company shares and the disposition of 22,764 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 42,516 shares and have averaged 4,301 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 190-company peer group average. The Oil & Gas Exploration and Production peer group saw 135 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 2,128,239 shares purchased and 7,790,686 shares sold with company insiders disposing of 41,944 shares on average over this time period.

The data obtained in composing and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.

Today’s Insider Activity
* Joseph R Albi, Director and Officer, sold 2,000 shares
* Thomas E Jorden, Director and Officer, sold 5,000 shares
* John Lambuth, Officer, sold 13,000 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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