Teachers Advisors LLC cut its position in Concho Resources Inc (NYSE:CXO) by 1.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,153,219 shares of the oil and natural gas company’s stock after selling 22,127 shares during the quarter. Teachers Advisors LLC owned about 0.78% of Concho Resources worth $173,237,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Meeder Asset Management Inc. lifted its position in Concho Resources by 325.2% in the 4th quarter. Meeder Asset Management Inc. now owns 910 shares of the oil and natural gas company’s stock valued at $137,000 after purchasing an additional 696 shares during the last quarter. ING Groep NV bought a new stake in Concho Resources in the 4th quarter valued at about $201,000. Park Avenue Securities LLC bought a new stake in Concho Resources in the 4th quarter valued at about $208,000. Greylin Investment Mangement Inc. bought a new stake in Concho Resources in the 4th quarter valued at about $225,000. Finally, Harbor Advisors LLC bought a new stake in Concho Resources in the 4th quarter valued at about $225,000. Hedge funds and other institutional investors own 95.70% of the company’s stock.
In related news, Chairman Timothy A. Leach sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $148.14, for a total transaction of $5,925,600.00. Following the transaction, the chairman now directly owns 737,837 shares of the company’s stock, valued at $109,303,173.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ray M. Poage sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $150.87, for a total transaction of $603,480.00. Following the transaction, the director now directly owns 24,799 shares in the company, valued at $3,741,425.13. The disclosure for this sale can be found here. Over the last three months, insiders sold 127,759 shares of company stock worth $18,948,027. 0.99% of the stock is currently owned by insiders.
Shares of Concho Resources Inc (NYSE CXO) opened at $153.29 on Monday. The company has a quick ratio of 0.50, a current ratio of 0.51 and a debt-to-equity ratio of 0.30. Concho Resources Inc has a fifty-two week low of $106.73 and a fifty-two week high of $162.91. The company has a market cap of $22,850.62, a P/E ratio of 23.91, a P/E/G ratio of 0.90 and a beta of 1.01.
Concho Resources (NYSE:CXO) last released its earnings results on Tuesday, February 20th. The oil and natural gas company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.20. The business had revenue of $780.00 million for the quarter, compared to the consensus estimate of $720.51 million. Concho Resources had a net margin of 36.97% and a return on equity of 3.61%. The firm’s quarterly revenue was up 48.6% compared to the same quarter last year. During the same period last year, the firm posted $0.20 earnings per share. analysts predict that Concho Resources Inc will post 3.77 earnings per share for the current fiscal year.
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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