Part of the weekly research here at The Acquirer’s Multiple features some of the top picks from our Deep Value Stock Screeners and some top investors who are holding these same picks in their portfolios. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, and Howard Marks. The top investor data is provided from their latest 13F’s (dated 6-30-2019). This week we’ll take a look at:
Cimarex Energy Co (NYSE: XEC)
Denver-based Cimarex Energy is an independent exploration and production company with operations throughout the Southern and Central United States, where its focus includes the Permian Basin, Woodford Shale, and Meramec horizon. The firm was created in 2002 when it spun off from Helmerich & Payne and then merged with Key Production. At year-end 2018, Cimarex’s proved reserves were 591 million barrels of oil equivalent, with net production of 221 thousand boe per day. Natural gas represented 42% of production and 45% of reserves.
A quick look at the price chart below for Cimarex Energy shows us that the stock is down 42% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 7.83 which means that it remains undervalued.
(Source: Morningstar)
Superinvestors who currently hold positions in Cimarex Energy include:
Ric Dillon – 6,937,262 total shares
Charles de Vaulx – 2,967,917
Ray Dalio – 761,277 total shares
Jim Simons – 580,932 total shares
Howard Marks – 415,735 total shares
Steve Cohen – 356,246 total shares
Chuck Royce – 67,300 total shares
Cliff Asness – 30,656 total shares
Paul Tudor Jones – 9,826 total shares
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