Andra AP fonden lifted its holdings in Concho Resources Inc. (NYSE:CXO) by 44.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,600 shares of the oil and natural gas company’s stock after buying an additional 6,600 shares during the period. Andra AP fonden’s holdings in Concho Resources were worth $2,845,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Miller Howard Investments Inc. NY raised its stake in Concho Resources by 7.9% during the third quarter. Miller Howard Investments Inc. NY now owns 5,794 shares of the oil and natural gas company’s stock worth $763,000 after purchasing an additional 423 shares during the period. BP PLC purchased a new position in Concho Resources during the third quarter worth about $2,306,000. New York State Teachers Retirement System raised its stake in Concho Resources by 6.8% during the third quarter. New York State Teachers Retirement System now owns 239,408 shares of the oil and natural gas company’s stock worth $31,535,000 after purchasing an additional 15,234 shares during the period. Victory Capital Management Inc. raised its stake in Concho Resources by 14.5% during the third quarter. Victory Capital Management Inc. now owns 594,574 shares of the oil and natural gas company’s stock worth $78,317,000 after purchasing an additional 75,210 shares during the period. Finally, Crossmark Global Holdings Inc. purchased a new position in Concho Resources during the third quarter worth about $1,334,000. 92.34% of the stock is currently owned by hedge funds and other institutional investors.

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CXO has been the topic of a number of analyst reports. Zacks Investment Research downgraded shares of Concho Resources from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Barclays PLC lifted their target price on shares of Concho Resources from $124.00 to $144.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 11th. Piper Jaffray Companies reduced their target price on shares of Concho Resources from $167.00 to $142.00 and set an “overweight” rating on the stock in a research note on Monday, September 18th. BidaskClub downgraded shares of Concho Resources from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Finally, ValuEngine raised shares of Concho Resources from a “sell” rating to a “hold” rating in a research note on Wednesday, September 13th. Nine research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Concho Resources currently has an average rating of “Buy” and a consensus target price of $151.35.

Concho Resources Inc. (NYSE CXO) opened at $143.21 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. Concho Resources Inc. has a twelve month low of $106.73 and a twelve month high of $147.77. The company has a market cap of $21,476.16, a P/E ratio of 87.01 and a beta of 1.09.

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

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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