Candriam Luxembourg S.C.A. boosted its position in shares of Concho Resources Inc. (NYSE:CXO) by 183.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,030 shares of the oil and natural gas company’s stock after acquiring an additional 21,387 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Concho Resources were worth $4,351,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Israel Discount Bank of New York grew its stake in Concho Resources by 32.0% in 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 buying an additional 200 shares in the last quarter. Exane Derivatives grew its stake in Concho Resources by 247.2% in the 2nd quarter. Exane Derivatives now owns 1,038 shares of the oil and natural gas company’s stock worth $126,000 after buying an additional 739 shares in the last quarter. NN Investment Partners Holdings N.V. grew its stake in Concho Resources by 22.5% in 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 buying an additional 200 shares in the last quarter. Sun Life Financial INC grew its stake in Concho Resources by 10,850.0% in 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 buying an additional 1,085 shares in the last quarter. Finally, Twin Tree Management LP purchased a new position in Concho Resources in the 2nd quarter worth approximately $137,000. 92.17% of the stock is owned by institutional investors.

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A number of equities analysts have commented on CXO shares. Zacks Investment Research cut shares of Concho Resources from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Barclays PLC boosted their price target 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 cut their price target on shares of Concho Resources from $167.00 to $142.00 and set an “overweight” rating for the company in a research note on Monday, September 18th. BidaskClub cut 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 analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $151.35.

Shares of Concho Resources Inc. (NYSE CXO) opened at $142.41 on Tuesday. Concho Resources Inc. has a one year low of $106.73 and a one year high of $147.77. The company has a market cap of $21,294.76, a P/E ratio of 86.27 and a beta of 1.09. 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 (NYSE:CXO) last released its earnings results on Tuesday, October 31st. The oil and natural gas company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.19. The company had revenue of $627.00 million for the quarter, compared to analysts’ expectations of $614.12 million. Concho Resources had a net margin of 24.19% and a return on equity of 2.92%. The firm’s revenue was up 45.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.32 EPS. equities analysts forecast that Concho Resources Inc. will post 1.79 earnings per share for the current year.

Concho Resources Company 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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