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Concho Resources (NYSE:CXO) CFO Darin G. Holderness sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $119.42, for a total transaction of $597,100.00. Following the sale, the chief financial officer now directly owns 76,164 shares of the company’s stock, valued at approximately $9,095,505. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of Concho Resources (NYSE:CXO) traded down 0.99% on Wednesday, hitting $117.82. 1,285,395 shares of the company’s stock traded hands. Concho Resources has a one year low of $78.58 and a one year high of $122.81. The stock’s 50-day moving average is $103. and its 200-day moving average is $104.8. The company has a market cap of $12.382 billion and a price-to-earnings ratio of 49.79.

Concho Resources (NYSE:CXO) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by $0.16. The company had revenue of $632.09 million for the quarter, compared to the consensus estimate of $628.49 million. Analysts expect that Concho Resources will post $4.41 EPS for the current fiscal year.

A number of analysts have recently weighed in on CXO shares. Analysts at Ladenburg Thalmann raised their price target on shares of Concho Resources from $135.00 to $150.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Imperial Capital raised their price target on shares of Concho Resources from $118.00 to $130.00 in a research note on Tuesday. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Concho Resources in a research note on Thursday, February 20th. They now have a $135.00 price target on the stock, up previously from $119.00. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $132.06.

Concho Resources Inc(NYSE:CXO) is an independent oil and natural gas company engaged in the acquisition, development and exploration of oil and natural gas properties.

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