Xact Kapitalforvaltning AB increased its holdings in shares of Concho Resources Inc (NYSE:CXO) by 15.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,905 shares of the oil and natural gas company’s stock after purchasing an additional 2,488 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in Concho Resources were worth $2,888,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Chevy Chase Trust Holdings Inc. increased its position in Concho Resources by 30.8% during the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 164,386 shares of the oil and natural gas company’s stock worth $25,110,000 after purchasing an additional 38,712 shares in the last quarter. Calamos Advisors LLC increased its position in Concho Resources by 15.6% during the 3rd quarter. Calamos Advisors LLC now owns 62,904 shares of the oil and natural gas company’s stock worth $9,609,000 after purchasing an additional 8,499 shares in the last quarter. American Assets Investment Management LLC acquired a new stake in Concho Resources during the 3rd quarter worth approximately $678,000. Texas Permanent School Fund increased its position in Concho Resources by 34.2% during the 3rd quarter. Texas Permanent School Fund now owns 44,954 shares of the oil and natural gas company’s stock worth $6,867,000 after purchasing an additional 11,468 shares in the last quarter. Finally, IFM Investors Pty Ltd increased its position in Concho Resources by 50.9% during the 3rd quarter. IFM Investors Pty Ltd now owns 10,484 shares of the oil and natural gas company’s stock worth $1,601,000 after purchasing an additional 3,535 shares in the last quarter. 77.59% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Mark B. Puckett acquired 2,000 shares of Concho Resources stock in a transaction that occurred on Monday, August 6th. The shares were purchased at an average cost of $134.39 per share, for a total transaction of $268,780.00. Following the completion of the purchase, the director now directly owns 28,535 shares of the company’s stock, valued at approximately $3,834,818.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Lee Price Moncrief sold 4,000 shares of the firm’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $139.86, for a total value of $559,440.00. Following the transaction, the senior vice president now owns 16,193 shares in the company, valued at $2,264,752.98. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,500 shares of company stock valued at $2,376,320. Company insiders own 1.10% of the company’s stock.
Concho Resources stock opened at $135.75 on Wednesday. The company has a market cap of $27.07 billion, a PE ratio of 64.95 and a beta of 0.95. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.76 and a quick ratio of 0.75. Concho Resources Inc has a 52 week low of $123.63 and a 52 week high of $163.11.
Concho Resources (NYSE:CXO) last released its earnings results on Tuesday, October 30th. The oil and natural gas company reported $1.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.27. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Concho Resources had a return on equity of 5.37% and a net margin of 34.13%. The business’s revenue was up 90.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.45 EPS. As a group, analysts forecast that Concho Resources Inc will post 4.53 earnings per share for the current year.
Concho Resources Company Profile
Concho Resources Inc, an independent oil and natural gas company, engages in the acquisition, development, and exploration of oil and natural gas properties in the United States. The company's principal operating areas are located in the Permian Basin of southeast New Mexico and west Texas. As of December 31, 2017, its total estimated proved reserves were 840 million barrels of oil equivalent.
Read More: Cash Flow Analysis in Stock Selection
Want to see what other hedge funds are holding CXO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Concho Resources Inc (NYSE:CXO).
Receive News & Ratings for Concho Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Concho Resources and related companies with MarketBeat.com's FREE daily email newsletter.