Concho Resources Inc. (CXO) Holdings Held by Croft Leominster Inc.

Croft Leominster Inc. continued to hold its stake in shares of Concho Resources Inc. (NYSE:CXO) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,652 shares of the oil and natural gas company’s stock at the close of the 2nd quarter. Croft Leominster Inc.’s holdings in Concho Resources were worth $2,265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Israel Discount Bank of New York raised its holdings in Concho Resources by 32.0% during the 2nd 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 during the last quarter. Balentine LLC raised its holdings in Concho Resources by 176.7% during the 1st 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 during the last quarter. Exane Derivatives raised its holdings in Concho Resources by 247.2% during the 2nd 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 during the last quarter. NN Investment Partners Holdings N.V. raised its holdings in Concho Resources by 22.5% during the 2nd 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 during the last quarter. Finally, Sun Life Financial INC raised its holdings in Concho Resources by 10,850.0% during the 2nd quarter. Sun Life Financial INC now owns 1,095 shares of the oil and natural gas company’s stock worth $133,000 after purchasing an additional 1,085 shares during the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

WARNING: This piece of content was reported by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this piece of content on another website, it was stolen and reposted in violation of United States and international copyright & trademark laws. The correct version of this piece of content can be read at https://sportsperspectives.com/2017/10/12/concho-resources-inc-cxo-holdings-held-by-croft-leominster-inc.html.

Concho Resources (NYSE:CXO) last issued its earnings results on Wednesday, August 2nd. The oil and natural gas company reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.09. The business had revenue of $567.00 million during the quarter, compared to the consensus estimate of $626.09 million. Concho Resources had a return on equity of 2.76% and a net margin of 29.32%. The firm’s revenue for the quarter was up 43.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.26 earnings per share.

In other Concho Resources news, VP E Joseph Wright sold 16,696 shares of Concho Resources stock in a transaction that occurred 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 sale, the vice president now directly owns 132,388 shares in the company, valued at $15,203,437.92. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.99% of the company’s stock.

Several brokerages have weighed in on CXO. Barclays PLC dropped their price objective on Concho Resources from $125.00 to $124.00 and set an “overweight” rating for the company in a report on Tuesday, August 8th. Stifel Nicolaus set a $185.00 price objective on Concho Resources and gave the stock a “buy” rating in a report on Thursday, October 5th. Bank of America Corporation cut Concho Resources from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $155.00 to $128.00 in a report on Friday, June 30th. BidaskClub raised Concho Resources from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Finally, Zacks Investment Research cut Concho Resources from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the company’s stock. Concho Resources has a consensus rating of “Hold” and an average price target of $151.06.

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.

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

Receive News & Ratings for Concho Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Concho Resources Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply