GRT Capital Partners L.L.C. lifted its position in shares of Concho Resources Inc. (NYSE:CXO) by 0.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,930 shares of the oil and natural gas company’s stock after purchasing an additional 58 shares during the period. Concho Resources comprises 2.0% of GRT Capital Partners L.L.C.’s portfolio, making the stock its 10th largest position. GRT Capital Partners L.L.C.’s holdings in Concho Resources were worth $3,394,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Israel Discount Bank of New York lifted its position in shares of Concho Resources by 32.0% during the second quarter. Israel Discount Bank of New York now owns 825 shares of the oil and natural gas company’s stock worth $100,000 after purchasing an additional 200 shares in the last quarter. Balentine LLC lifted its position in shares of Concho Resources by 176.7% during the first quarter. Balentine LLC now owns 830 shares of the oil and natural gas company’s stock worth $107,000 after purchasing an additional 530 shares in the last quarter. Exane Derivatives lifted its position in shares of Concho Resources by 247.2% during the second quarter. Exane Derivatives now owns 1,038 shares of the oil and natural gas company’s stock worth $126,000 after purchasing an additional 739 shares in the last quarter. NN Investment Partners Holdings N.V. lifted its position in shares of Concho Resources by 22.5% during the second quarter. NN Investment Partners Holdings N.V. now owns 1,090 shares of the oil and natural gas company’s stock worth $132,000 after purchasing an additional 200 shares in the last quarter. Finally, Twin Tree Management LP acquired a new position in shares of Concho Resources during the second quarter worth $137,000. 92.41% of the stock is currently owned by institutional investors and hedge funds.

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A number of research analysts have recently commented on CXO shares. Piper Jaffray Companies reissued an “overweight” rating and set a $172.00 target price (up from $171.00) on shares of Concho Resources in a research report on Wednesday, May 17th. Jefferies Group LLC set a $140.00 target price on shares of Concho Resources and gave the stock a “hold” rating in a research report on Wednesday, May 17th. Credit Suisse Group set a $164.00 target price on shares of Concho Resources and gave the stock a “buy” rating in a research report on Friday, June 2nd. ValuEngine raised shares of Concho Resources from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Royal Bank Of Canada set a $178.00 price target on shares of Concho Resources and gave the company a “buy” rating in a report on Saturday, June 17th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $148.53.

Shares of Concho Resources Inc. (NYSE:CXO) traded up 2.978% during mid-day trading on Wednesday, hitting $119.063. 365,022 shares of the company’s stock were exchanged. The company has a market capitalization of $17.57 billion, a price-to-earnings ratio of 27.631 and a beta of 1.12. Concho Resources Inc. has a 52 week low of $106.73 and a 52 week high of $147.55. The firm has a 50 day moving average price of $116.65 and a 200-day moving average price of $124.29.

Concho Resources (NYSE:CXO) last issued its earnings results on Wednesday, August 2nd. The oil and natural gas company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.43 by $0.09. The firm had revenue of $567.00 million during the quarter, compared to analysts’ expectations of $626.09 million. Concho Resources had a return on equity of 2.76% and a net margin of 29.32%. Concho Resources’s quarterly revenue was up 43.2% compared to the same quarter last year. During the same period last year, the business earned $0.26 earnings per share. On average, equities analysts anticipate that Concho Resources Inc. will post $1.62 EPS for the current year.

In related news, VP E Joseph Wright sold 16,696 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $114.84, for a total value of $1,917,368.64. Following the completion of the transaction, the vice president now directly owns 132,388 shares of the company’s stock, valued at $15,203,437.92. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.99% of the stock is owned by company insiders.

About Concho Resources

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 four operating areas include the Northern Delaware Basin, the Southern Delaware Basin, the Midland Basin and the New Mexico Shelf.

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Institutional Ownership by Quarter for Concho Resources (NYSE:CXO)

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