Concho Resources Inc. (NYSE:CXO) CAO Brenda R. Schroer sold 1,800 shares of the business’s stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $138.04, for a total transaction of $248,472.00. Following the transaction, the chief accounting officer now directly owns 8,060 shares in the company, valued at $1,112,602.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Concho Resources Inc. (NYSE:CXO) traded down 2.98% during midday trading on Friday, reaching $134.26. 689,689 shares of the company traded hands. The stock’s market capitalization is $18.93 billion. Concho Resources Inc. has a 1-year low of $69.94 and a 1-year high of $143.60. The firm has a 50-day moving average of $134.35 and a 200-day moving average of $127.10.

Concho Resources (NYSE:CXO) last posted its earnings results on Tuesday, November 8th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.14. Concho Resources had a positive return on equity of 0.93% and a negative net margin of 89.23%. The company had revenue of $430.55 million for the quarter, compared to analyst estimates of $69.10 million. During the same quarter in the previous year, the firm earned $0.33 earnings per share. The firm’s quarterly revenue was down 7.1% compared to the same quarter last year. On average, analysts predict that Concho Resources Inc. will post $0.43 earnings per share for the current year.

Insider Buying and Selling by Quarter for Concho Resources (NYSE:CXO)

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Several large investors have recently modified their holdings of CXO. Checchi Capital Advisers LLC raised its stake in shares of Concho Resources by 1.7% in the second quarter. Checchi Capital Advisers LLC now owns 1,107 shares of the company’s stock worth $132,000 after buying an additional 18 shares during the last quarter. Syntal Capital Partners LLC raised its stake in shares of Concho Resources by 1.0% in the second quarter. Syntal Capital Partners LLC now owns 2,755 shares of the company’s stock worth $328,000 after buying an additional 26 shares during the last quarter. Northwestern Mutual Investment Management Company LLC raised its stake in shares of Concho Resources by 0.9% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 4,972 shares of the company’s stock worth $593,000 after buying an additional 43 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in shares of Concho Resources by 1.7% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 3,281 shares of the company’s stock worth $352,000 after buying an additional 54 shares during the last quarter. Finally, Dean Investment Associates LLC raised its stake in shares of Concho Resources by 1.3% in the third quarter. Dean Investment Associates LLC now owns 4,868 shares of the company’s stock worth $669,000 after buying an additional 62 shares during the last quarter. Institutional investors and hedge funds own 92.22% of the company’s stock.

A number of research analysts have issued reports on CXO shares. KLR Group boosted their price objective on shares of Concho Resources from $138.00 to $153.00 and gave the company an “accumulate” rating in a research report on Wednesday, August 3rd. Johnson Rice started coverage on shares of Concho Resources in a research report on Tuesday, October 4th. They set an “accumulate” rating on the stock. Morgan Stanley reissued a “buy” rating and set a $187.00 price objective on shares of Concho Resources in a research report on Tuesday, August 16th. Deutsche Bank AG upped their target price on shares of Concho Resources from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, August 10th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating and issued a $145.00 target price on shares of Concho Resources in a research report on Friday, August 5th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $139.85.

Concho Resources Company Profile

Concho Resources Inc is an independent oil and natural gas company engaged in the acquisition, development and exploration of oil and natural gas properties. The Company’s operations are focused in the Permian Basin of Southeast New Mexico and West Texas, an onshore oil and natural gas basin in the United States.

5 Day Chart for NYSE:CXO

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