South Dakota Investment Council Lifted Cimarex Energy Co (XEC) Position; Last Week Two Harbors Investment Corp. (TWO) Coverage

February 18, 2018 - By Adrian Mccoy

South Dakota Investment Council increased Cimarex Energy Co (XEC) stake by 14.94% reported in 2017Q3 SEC filing. South Dakota Investment Council acquired 18,180 shares as Cimarex Energy Co (XEC)’s stock declined 10.93%. The South Dakota Investment Council holds 139,860 shares with $15.90 million value, up from 121,680 last quarter. Cimarex Energy Co now has $9.41 billion valuation. The stock decreased 0.03% or $0.03 during the last trading session, reaching $98.73. About 2.09M shares traded or 104.81% up from the average. Cimarex Energy Co. (NYSE:XEC) has risen 1.88% since February 18, 2017 and is uptrending. It has underperformed by 14.82% the S&P500.

Among 10 analysts covering Two Harbors Investment (NYSE:TWO), 6 have Buy rating, 0 Sell and 4 Hold. Therefore 60% are positive. Two Harbors Investment had 37 analyst reports since August 6, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained it with “Buy” rating and $1000 target in Friday, July 28 report. The rating was maintained by Keefe Bruyette & Woods on Friday, February 9 with “Buy”. The stock has “Outperform” rating by Wells Fargo on Friday, November 4. The stock of Two Harbors Investment Corp. (NYSE:TWO) earned “Buy” rating by B. Riley & Co on Friday, November 10. The firm has “Buy” rating by Keefe Bruyette & Woods given on Sunday, October 22. The company was downgraded on Tuesday, September 6 by FBR Capital. The firm has “Buy” rating by Keefe Bruyette & Woods given on Tuesday, September 12. The rating was maintained by Keefe Bruyette & Woods on Thursday, August 10 with “Buy”. The stock has “Buy” rating by Maxim Group on Thursday, August 6. The stock of Two Harbors Investment Corp. (NYSE:TWO) earned “Market Perform” rating by Wells Fargo on Friday, January 15. See Two Harbors Investment Corp. (NYSE:TWO) latest ratings:

09/02/2018 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $16.5 Maintain
08/02/2018 Broker: FBR Capital Rating: Buy New Target: $16.5 Maintain
07/02/2018 Broker: Maxim Group Rating: Buy New Target: $17.0 Maintain
09/01/2018 Broker: Maxim Group Rating: Buy New Target: $17.0 Maintain
10/11/2017 Broker: B. Riley & Co Old Rating: Neutral New Rating: Buy Upgrade
10/11/2017 Broker: FBR Capital Rating: Buy New Target: $16.5 Upgrade
09/11/2017 Broker: Maxim Group Rating: Buy New Target: $17.0 Maintain
09/11/2017 Broker: Barclays Capital Rating: Overweight Old Target: $10 New Target: $17 Maintain
22/10/2017 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $10.5 Maintain
12/09/2017 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $10.5 Maintain

The stock increased 0.77% or $0.12 during the last trading session, reaching $15.68. About 2.39M shares traded. Two Harbors Investment Corp. (NYSE:TWO) has risen 18.26% since February 18, 2017 and is uptrending. It has outperformed by 1.56% the S&P500.

Two Harbors Investment Corp. operates as a real estate investment trust that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS), mortgage servicing rights, commercial real estate assets, and other financial assets in the United States. The company has market cap of $2.74 billion. The companyÂ’s target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; and non-agency RMBS collateralized by prime mortgage loans, Alt-A mortgage loans, pay-option ARM mortgage loans, and subprime mortgage loans. It has a 8.64 P/E ratio. The Company’s target assets also comprise floating and fixed rate commercial real estate loans; and other assets, such as financial and mortgage-related assets, as well as residential mortgage loans and certain non-hedging transactions.

Since January 29, 2018, it had 0 insider buys, and 4 insider sales for $1.23 million activity. Sandberg Rebecca B sold 9,308 shares worth $141,114. Farrell Brad sold 24,761 shares worth $375,718. $48,311 worth of stock was sold by RISKEY MARY KATHRYN on Monday, January 29. On Monday, January 29 the insider ROTH WILLIAM sold $667,579.

Investors sentiment decreased to 0.89 in 2017 Q3. Its down 0.71, from 1.6 in 2017Q2. It turned negative, as 51 investors sold Two Harbors Investment Corp. shares while 73 reduced holdings. 34 funds opened positions while 76 raised stakes. 224.85 million shares or 4.63% less from 235.77 million shares in 2017Q2 were reported. Private Advisor Limited Liability Company owns 32,835 shares or 0.01% of their US portfolio. 309,959 are owned by Citadel Advsrs Limited Com. Moreover, Lsv Asset has 0.07% invested in Two Harbors Investment Corp. (NYSE:TWO). Advsr Asset Incorporated reported 398,505 shares stake. Deutsche Bankshares Ag holds 0.01% or 2.06 million shares. Pacad Inv Ltd invested in 23,206 shares. 11,533 are owned by Arrowmark Colorado Holdg Limited Co. Alliancebernstein L P has invested 0% in Two Harbors Investment Corp. (NYSE:TWO). First Heartland Consultants Inc owns 13,707 shares. Highvista Strategies invested in 29,500 shares. First Quadrant Ltd Partnership Ca, a California-based fund reported 517,888 shares. Morgan Stanley invested 0.01% in Two Harbors Investment Corp. (NYSE:TWO). Creative Planning holds 0% or 32,166 shares in its portfolio. Cipher Cap Ltd Partnership reported 0.07% stake. Wellington Mngmt Grp Inc Limited Liability Partnership invested 0% of its portfolio in Two Harbors Investment Corp. (NYSE:TWO).

Among 35 analysts covering Cimarex Energy (NYSE:XEC), 22 have Buy rating, 0 Sell and 13 Hold. Therefore 63% are positive. Cimarex Energy had 126 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating by Williams Capital Group given on Thursday, February 15. The rating was maintained by BMO Capital Markets on Thursday, February 15 with “Buy”. Iberia Capital Partners initiated Cimarex Energy Co. (NYSE:XEC) on Thursday, September 17 with “Outperform” rating. The firm has “Neutral” rating by PiperJaffray given on Monday, September 18. The firm has “Hold” rating by Deutsche Bank given on Wednesday, August 10. BMO Capital Markets maintained Cimarex Energy Co. (NYSE:XEC) rating on Thursday, January 11. BMO Capital Markets has “Buy” rating and $155.0 target. On Wednesday, November 8 the stock rating was maintained by KeyBanc Capital Markets with “Buy”. The stock of Cimarex Energy Co. (NYSE:XEC) earned “Buy” rating by Cowen & Co on Friday, August 25. The stock has “Overweight” rating by Morgan Stanley on Thursday, August 10. The firm has “Buy” rating by Wunderlich given on Thursday, February 18.

Since August 18, 2017, it had 0 buys, and 11 selling transactions for $4.27 million activity. ALBI JOSEPH R also sold $224,822 worth of Cimarex Energy Co. (NYSE:XEC) shares. 2,500 shares were sold by JORDEN THOMAS E, worth $255,684. 2,500 shares were sold by BELL STEPHEN P, worth $256,345. Shares for $96,623 were sold by LOGAN HAROLD R JR. The insider Lambuth John sold $1.48 million. Barron Francis Brian had sold 3,000 shares worth $337,769 on Tuesday, December 12. 2,229 shares valued at $250,763 were sold by Johnson Krista L on Tuesday, December 12.

South Dakota Investment Council decreased Morgan Stanley (NYSE:MS) stake by 40,800 shares to 177,878 valued at $8.57 million in 2017Q3. It also reduced Sothebys (NYSE:BID) stake by 15,100 shares and now owns 18,000 shares. Wal (NYSE:WMT) was reduced too.

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