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Cimarex Energy Co. (XEC) Shareholder Lsv Asset Management Has Increased Position; As Best Buy Com Stk (BBY) Share Price Declined, Twin Capital Management Cut Position

Cimarex Energy Co. (NYSE:XEC) Logo

Twin Capital Management Inc decreased its stake in Best Buy Inc Com Stk (BBY) by 18.46% based on its latest 2018Q3 regulatory filing with the SEC. Twin Capital Management Inc sold 19,905 shares as the company’s stock declined 24.12% with the market. The hedge fund held 87,930 shares of the consumer services company at the end of 2018Q3, valued at $6.98M, down from 107,835 at the end of the previous reported quarter. Twin Capital Management Inc who had been investing in Best Buy Inc Com Stk for a number of months, seems to be less bullish one the $14.90B market cap company. The stock decreased 1.00% or $0.56 during the last trading session, reaching $55.37. About 5.23 million shares traded or 32.39% up from the average. Best Buy Co., Inc. (NYSE:BBY) has declined 4.60% since December 17, 2017 and is downtrending. It has underperformed by 4.60% the S&P500. Some Historical BBY News: 24/05/2018 – Best Buy Backs FY19 View of Rev $41B-$42B; 05/04/2018 – BBY: ONLY SMALL FRACTION OF ONLINE CUSTOMERS COULD BE AFFECTED; 24/05/2018 – BEST BUY CO INC – IS NOT UPDATING FOLLOWING FULL-YEAR FY19 FINANCIAL OUTLOOK PROVIDED ON MARCH 1, 2018; 17/05/2018 – Best Buy 10.1% Owned by Hedge Funds; 24/05/2018 – BEST BUY BBY.N CEO SAYS ACHIEVED APPROXIMATELY $70 MILLION IN ANNUALIZED COST REDUCTIONS DURING THE QUARTER; 18/04/2018 – BEST BUY SAYS AMAZON AND CO SIGN EXCLUSIVE MULTIYEAR PARTNERSHIP TO OFFER NEW FIRE TV EDITION SMART TVS; 06/04/2018 – Best Buy shoppers may have had their payment information hacked; 21/03/2018 – Techmeme: Source: Best Buy has ceased ordering new smartphones from Huawei and will stop selling Huawei products once existing; 15/05/2018 – GREENLIGHT CAPITAL INC DISSOLVES SHARE STAKE IN BEST BUY INC; 24/05/2018 – Best Buy’s big sell-off could soon be a buying opportunity, says market watcher (via @TradingNation)

Lsv Asset Management increased its stake in Cimarex Energy Co. (XEC) by 5.01% based on its latest 2018Q3 regulatory filing with the SEC. Lsv Asset Management bought 3,700 shares as the company’s stock declined 14.40% with the market. The institutional investor held 77,600 shares of the oil & gas production company at the end of 2018Q3, valued at $7.21M, up from 73,900 at the end of the previous reported quarter. Lsv Asset Management who had been investing in Cimarex Energy Co. for a number of months, seems to be bullish on the $6.55B market cap company. The stock decreased 4.11% or $2.94 during the last trading session, reaching $68.54. About 1.44M shares traded. Cimarex Energy Co. (NYSE:XEC) has declined 34.73% since December 17, 2017 and is downtrending. It has underperformed by 34.73% the S&P500. Some Historical XEC News: 19/04/2018 – DJ Cimarex Energy Co, Inst Holders, 1Q 2018 (XEC); 24/05/2018 – PRESS RELEASE – CIMAREX AGREES TO SELL WARD COUNTY ASSETS FOR $570 MILLION; 30/05/2018 – Cimarex at Non-Deal Roadshow Hosted By Tudor Pickering & Co; 21/05/2018 – CIMAREX ENERGY CO XEC.N : SIMMONS RAISES TARGET PRICE TO $138 FROM $132; 24/05/2018 – Cimarex Agrees to Sell Ward County Assets for $570 M; 16/05/2018 – Cimarex at Bernstein Strategic Decisions CEO Conference May 31; 08/05/2018 – Cimarex 1Q EPS $1.96; 11/05/2018 – Cimarex Energy Declares Quarterly Cash Dividend; 08/05/2018 – CIMAREX 1Q ADJ EPS $1.82, EST. $1.75; 08/05/2018 – Cimarex Conference Set By Tudor Pickering & Co for May. 15-16

Investors sentiment increased to 0.96 in Q3 2018. Its up 0.11, from 0.85 in 2018Q2. It increased, as 42 investors sold BBY shares while 192 reduced holdings. 77 funds opened positions while 147 raised stakes. 213.03 million shares or 1.70% less from 216.72 million shares in 2018Q2 were reported. Meiji Yasuda Asset Mngmt Limited holds 10,856 shares or 0.07% of its portfolio. Natixis Advisors Limited Partnership reported 0.01% in Best Buy Co., Inc. (NYSE:BBY). Hightower Advsrs Ltd Com reported 78,243 shares. Td Asset accumulated 77,959 shares. Neuberger Berman Gp Ltd Limited Liability Company invested in 0.01% or 66,819 shares. Johnson Investment Counsel accumulated 0.01% or 4,621 shares. Ibm Retirement Fund has invested 0.07% in Best Buy Co., Inc. (NYSE:BBY). Gam Ag invested in 13,199 shares. Srb owns 0.06% invested in Best Buy Co., Inc. (NYSE:BBY) for 7,342 shares. Green Square Limited Liability Co accumulated 0.28% or 25,049 shares. Utah Retirement has 0.07% invested in Best Buy Co., Inc. (NYSE:BBY). Guardian Life Ins Of America accumulated 686 shares. 88,866 are held by Engineers Gate Manager Lp. 200,000 were reported by Armistice Capital. 3,069 are held by Raymond James Trust Na.

Analysts await Best Buy Co., Inc. (NYSE:BBY) to report earnings on March, 7. They expect $2.57 EPS, up 6.20% or $0.15 from last year’s $2.42 per share. BBY’s profit will be $691.58 million for 5.39 P/E if the $2.57 EPS becomes a reality. After $0.93 actual EPS reported by Best Buy Co., Inc. for the previous quarter, Wall Street now forecasts 176.34% EPS growth.

Since August 29, 2018, it had 0 buys, and 7 selling transactions for $6.08 million activity. Barry Corie S also sold $493,823 worth of Best Buy Co., Inc. (NYSE:BBY) shares. 33,473 shares were sold by Nelsen Keith J, worth $2.69 million on Tuesday, September 4. $388,309 worth of Best Buy Co., Inc. (NYSE:BBY) was sold by Walker Patricia H on Wednesday, August 29. Shares for $2.11 million were sold by Saksena Asheesh on Wednesday, September 5.

Twin Capital Management Inc, which manages about $948.03 million and $2.18 billion US Long portfolio, upped its stake in Arrow Electrs Inc (NYSE:ARW) by 5,500 shares to 51,940 shares, valued at $3.83M in 2018Q3, according to the filing. It also increased its holding in Pfizer Inc Com (NYSE:PFE) by 38,027 shares in the quarter, for a total of 618,477 shares, and has risen its stake in Accenture Plc Class A Shares (NYSE:ACN).

More notable recent Best Buy Co., Inc. (NYSE:BBY) news were published by: Streetinsider.com which released: “Best Buy (BBY) call put ratio 1 call to 6.1 puts with focus on December 75 and January 85 puts – StreetInsider.com” on December 13, 2018, also Seekingalpha.com with their article: “Selling presssure on Best Buy despite earnings beat – Seeking Alpha” published on November 20, 2018, Seekingalpha.com published: “Have Shrinking Margins Caught Up With Best Buy? – Seeking Alpha” on November 25, 2018. More interesting news about Best Buy Co., Inc. (NYSE:BBY) were released by: Finance.Yahoo.com and their article: “2 Holiday Gifts You Shouldn’t Buy at Best Buy – Yahoo Sports” published on November 22, 2018 as well as Seekingalpha.com‘s news article titled: “Shorting Best Buy Despite Solid Financial Results? – Seeking Alpha” with publication date: November 26, 2018.

Among 31 analysts covering Best Buy Co (NYSE:BBY), 9 have Buy rating, 3 Sell and 19 Hold. Therefore 29% are positive. Best Buy Co has $90 highest and $20.50 lowest target. $64.55’s average target is 16.58% above currents $55.37 stock price. Best Buy Co had 122 analyst reports since August 10, 2015 according to SRatingsIntel. The rating was initiated by Longbow with “Neutral” on Thursday, June 16. The stock has “Neutral” rating by UBS on Wednesday, August 26. Piper Jaffray maintained Best Buy Co., Inc. (NYSE:BBY) rating on Wednesday, September 20. Piper Jaffray has “Buy” rating and $68.0 target. The firm has “Buy” rating given on Thursday, November 16 by Loop Capital Markets. The firm earned “Sell” rating on Tuesday, November 8 by Evercore. The stock has “Buy” rating by Loop Capital Markets on Wednesday, August 16. The firm has “Sector Perform” rating given on Monday, November 16 by RBC Capital Markets. The firm has “Outperform” rating given on Wednesday, September 20 by Telsey Advisory Group. The stock of Best Buy Co., Inc. (NYSE:BBY) earned “Buy” rating by Loop Capital on Wednesday, April 5. The stock of Best Buy Co., Inc. (NYSE:BBY) earned “Market Perform” rating by Telsey Advisory Group on Thursday, January 25.

Among 35 analysts covering Cimarex Energy (NYSE:XEC), 22 have Buy rating, 0 Sell and 13 Hold. Therefore 63% are positive. Cimarex Energy had 163 analyst reports since July 21, 2015 according to SRatingsIntel. Morgan Stanley maintained the shares of XEC in report on Friday, April 20 with “Overweight” rating. Seaport Global upgraded the shares of XEC in report on Tuesday, December 19 to “Buy” rating. The rating was maintained by BMO Capital Markets on Thursday, January 11 with “Buy”. Wells Fargo initiated the stock with “Outperform” rating in Wednesday, August 31 report. The rating was maintained by Morgan Stanley with “Overweight” on Wednesday, February 7. The firm earned “Underperform” rating on Monday, August 10 by CLSA. The rating was maintained by Morgan Stanley on Wednesday, October 18 with “Overweight”. Topeka Capital Markets maintained Cimarex Energy Co. (NYSE:XEC) rating on Wednesday, November 4. Topeka Capital Markets has “Hold” rating and $128 target. SunTrust initiated Cimarex Energy Co. (NYSE:XEC) on Thursday, December 17 with “Buy” rating. The rating was maintained by Stifel Nicolaus on Wednesday, August 8 with “Buy”.

Lsv Asset Management, which manages about $82.68 billion and $66.85B US Long portfolio, decreased its stake in The Travelers Companies Inc. (NYSE:TRV) by 1.35 million shares to 2.10 million shares, valued at $272.90M in 2018Q3, according to the filing. It also reduced its holding in Matrix Service Company (NASDAQ:MTRX) by 831,228 shares in the quarter, leaving it with 370,032 shares, and cut its stake in Spirit Aerosystems Holdings Inc. (NYSE:SPR).

Since June 27, 2018, it had 1 insider buy, and 2 selling transactions for $252,382 activity. 1,040 shares were sold by TEAGUE L PAUL, worth $104,104 on Wednesday, June 27. The insider ALBI JOSEPH R sold 1,750 shares worth $175,175.

Investors sentiment decreased to 0.93 in 2018 Q3. Its down 0.23, from 1.16 in 2018Q2. It is negative, as 44 investors sold XEC shares while 138 reduced holdings. 53 funds opened positions while 117 raised stakes. 91.38 million shares or 1.96% less from 93.21 million shares in 2018Q2 were reported. Earnest Partners Limited Liability has 215,136 shares for 0.18% of their portfolio. Macquarie Grp Inc accumulated 4,500 shares. Amp Invsts Limited invested 0.01% in Cimarex Energy Co. (NYSE:XEC). Zurcher Kantonalbank (Zurich Cantonalbank) has 22,348 shares. Metropolitan Life Insur Co New York invested in 0.03% or 14,407 shares. Cibc Asset Management has invested 0.01% in Cimarex Energy Co. (NYSE:XEC). 17,308 are owned by Stephens Ar. Manufacturers Life Ins Company The holds 0.01% of its portfolio in Cimarex Energy Co. (NYSE:XEC) for 96,982 shares. 270 were reported by Guardian Life Insurance Of America. Voya Invest Mgmt Limited Liability Com accumulated 44,145 shares or 0.01% of the stock. Advisory Services Net Ltd Limited Liability Company reported 0% stake. 11,228 were accumulated by Wolverine Asset Mgmt. Parkside State Bank And invested 0.1% in Cimarex Energy Co. (NYSE:XEC). 4,000 are owned by Folger Nolan Fleming Douglas Capital Incorporated. Int Value Advisers Ltd Liability Com has invested 7.8% of its portfolio in Cimarex Energy Co. (NYSE:XEC).

More notable recent Cimarex Energy Co. (NYSE:XEC) news were published by: Fool.com which released: “Oil Stocks: The Shale Merger Wave Continues to Strengthen – Motley Fool” on November 19, 2018, also Globenewswire.com with their article: “MERGER ALERT – REN, ATHN, and ITG: Levi & Korsinsky, LLP Reminds Investors of Investigations Concerning the Sale of these Companies – GlobeNewswire” published on December 03, 2018, Seekingalpha.com published: “Merger Arbitrage Mondays – November 26, 2018 – Seeking Alpha” on November 26, 2018. More interesting news about Cimarex Energy Co. (NYSE:XEC) were released by: Benzinga.com and their article: “35 Stocks Moving In Monday’s Mid-Day Session – Benzinga” published on November 19, 2018 as well as Seekingalpha.com‘s news article titled: “Hartstreet: Lea County King Concho Dethrones EOG – Seeking Alpha” with publication date: December 12, 2018.

Best Buy Co., Inc. (NYSE:BBY) Institutional Positions Chart

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