Crossmark Global Holdings Inc. acquired a new position in shares of Concho Resources Inc. (NYSE:CXO) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 10,125 shares of the oil and natural gas company’s stock, valued at approximately $1,334,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Concho Resources by 3.1% during the second quarter. Vanguard Group Inc. now owns 15,139,409 shares of the oil and natural gas company’s stock worth $1,839,892,000 after buying an additional 454,428 shares in the last quarter. Capital World Investors increased its holdings in shares of Concho Resources by 10.6% during the second quarter. Capital World Investors now owns 10,792,500 shares of the oil and natural gas company’s stock worth $1,311,613,000 after buying an additional 1,034,000 shares in the last quarter. State Street Corp increased its holdings in shares of Concho Resources by 0.3% during the second quarter. State Street Corp now owns 7,893,306 shares of the oil and natural gas company’s stock worth $959,272,000 after buying an additional 20,760 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Concho Resources by 30.8% during the second quarter. JPMorgan Chase & Co. now owns 6,790,818 shares of the oil and natural gas company’s stock worth $825,288,000 after buying an additional 1,599,084 shares in the last quarter. Finally, Jennison Associates LLC increased its holdings in shares of Concho Resources by 3.6% during the second quarter. Jennison Associates LLC now owns 6,038,410 shares of the oil and natural gas company’s stock worth $733,848,000 after buying an additional 211,679 shares in the last quarter. 92.34% of the stock is owned by institutional investors.

Shares of Concho Resources Inc. (CXO) opened at $144.43 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.32. The stock has a market cap of $21,569.84, a PE ratio of 87.39 and a beta of 1.09. Concho Resources Inc. has a twelve month low of $106.73 and a twelve month high of $147.77.

Concho Resources (NYSE:CXO) last posted its quarterly earnings data on Tuesday, October 31st. The oil and natural gas company reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.19. The firm had revenue of $627.00 million during the quarter, compared to the consensus estimate of $614.12 million. Concho Resources had a net margin of 24.19% and a return on equity of 2.92%. The business’s revenue for the quarter was up 45.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.32 EPS. equities research analysts expect that Concho Resources Inc. will post 1.79 earnings per share for the current fiscal year.

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Several analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Concho Resources from a “hold” rating to a “buy” rating and set a $160.00 price objective for the company in a report on Monday. SunTrust Banks, Inc. set a $145.00 price target on shares of Concho Resources and gave the company a “buy” rating in a research note on Tuesday, October 31st. Cowen and Company reissued a “hold” rating and set a $145.00 price target on shares of Concho Resources in a research note on Sunday, October 22nd. KeyCorp set a $150.00 price target on shares of Concho Resources and gave the company a “buy” rating in a research note on Thursday, October 19th. Finally, Morgan Stanley increased their price target on shares of Concho Resources from $152.00 to $155.00 and gave the company an “overweight” rating in a research note on Wednesday, October 18th. Nine analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Concho Resources has an average rating of “Buy” and an average price target of $151.35.

Concho Resources 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 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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