Segall Bryant & Hamill LLC lowered its holdings in Concho Resources Inc (NYSE:CXO) by 9.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 231,486 shares of the oil and natural gas company’s stock after selling 24,276 shares during the period. Segall Bryant & Hamill LLC owned 0.16% of Concho Resources worth $34,799,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Oppenheimer Asset Management Inc. grew its position in shares of Concho Resources by 19.7% in the first quarter. Oppenheimer Asset Management Inc. now owns 2,348 shares of the oil and natural gas company’s stock valued at $353,000 after purchasing an additional 386 shares during the period. IFM Investors Pty Ltd boosted its holdings in Concho Resources by 9.3% in the first quarter. IFM Investors Pty Ltd now owns 4,845 shares of the oil and natural gas company’s stock valued at $728,000 after acquiring an additional 414 shares during the last quarter. Oppenheimer & Co. Inc. boosted its holdings in Concho Resources by 13.1% in the first quarter. Oppenheimer & Co. Inc. now owns 4,155 shares of the oil and natural gas company’s stock valued at $625,000 after acquiring an additional 481 shares during the last quarter. New Mexico Educational Retirement Board boosted its holdings in Concho Resources by 3.6% in the fourth quarter. New Mexico Educational Retirement Board now owns 14,300 shares of the oil and natural gas company’s stock valued at $2,148,000 after acquiring an additional 500 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its holdings in Concho Resources by 14.5% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 3,950 shares of the oil and natural gas company’s stock valued at $594,000 after acquiring an additional 500 shares during the last quarter. 97.16% of the stock is owned by institutional investors and hedge funds.

Shares of Concho Resources traded down $0.20, hitting $131.40, during trading on Thursday, Marketbeat Ratings reports. The company’s stock had a trading volume of 7,825 shares, compared to its average volume of 1,851,389. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.64 and a current ratio of 0.65. Concho Resources Inc has a fifty-two week low of $106.73 and a fifty-two week high of $163.11. The stock has a market cap of $19.32 billion, a price-to-earnings ratio of 62.53 and a beta of 0.96.

Concho Resources (NYSE:CXO) last released its quarterly earnings results on Tuesday, May 1st. The oil and natural gas company reported $1.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.19. Concho Resources had a return on equity of 4.34% and a net margin of 39.06%. The business had revenue of $947.00 million for the quarter, compared to analysts’ expectations of $808.60 million. During the same quarter in the previous year, the firm posted $0.49 earnings per share. The company’s revenue was up 54.7% compared to the same quarter last year. equities research analysts predict that Concho Resources Inc will post 4.43 EPS for the current year.

A number of research analysts recently weighed in on CXO shares. TheStreet upgraded Concho Resources from a “c+” rating to a “b-” rating in a report on Tuesday, February 20th. Mitsubishi UFJ Financial Group reiterated an “overweight” rating on shares of Concho Resources in a report on Wednesday, February 21st. Jefferies Financial Group set a $190.00 target price on Concho Resources and gave the company a “buy” rating in a report on Tuesday, February 27th. UBS Group started coverage on Concho Resources in a report on Wednesday, March 7th. They issued a “buy” rating and a $180.00 target price on the stock. Finally, Stephens restated a “buy” rating and set a $205.00 price objective on shares of Concho Resources in a research note on Thursday, March 15th. Ten investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $169.82.

Concho Resources 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.

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

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