Pine River Capital Management L.P. trimmed its position in shares of Concho Resources Inc. (NYSE:CXO) by 27.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 120,575 shares of the oil and natural gas company’s stock after selling 46,280 shares during the period. Concho Resources makes up approximately 0.5% of Pine River Capital Management L.P.’s investment portfolio, making the stock its 18th largest position. Pine River Capital Management L.P. owned about 0.08% of Concho Resources worth $14,654,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. US Bancorp DE boosted its stake in shares of Concho Resources by 5.4% in the 1st quarter. US Bancorp DE now owns 6,198 shares of the oil and natural gas company’s stock valued at $795,000 after purchasing an additional 318 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of Concho Resources by 11.8% in the 1st quarter. UBS Asset Management Americas Inc. now owns 373,486 shares of the oil and natural gas company’s stock valued at $47,933,000 after purchasing an additional 39,408 shares in the last quarter. Baird Financial Group Inc. acquired a new stake in shares of Concho Resources in the 1st quarter valued at approximately $201,000. Pacer Advisors Inc. boosted its stake in shares of Concho Resources by 3.4% in the 1st quarter. Pacer Advisors Inc. now owns 2,367 shares of the oil and natural gas company’s stock valued at $304,000 after purchasing an additional 77 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of Concho Resources by 2.4% in the 1st quarter. Nordea Investment Management AB now owns 5,965 shares of the oil and natural gas company’s stock valued at $766,000 after purchasing an additional 138 shares in the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

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

Concho Resources Inc. (CXO) traded down 0.10% during trading on Friday, reaching $131.72. 1,009,918 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $114.94 and a 200-day moving average of $123.77. Concho Resources Inc. has a 12 month low of $106.73 and a 12 month high of $147.55. The stock has a market cap of $19.43 billion, a PE ratio of 30.57 and a beta of 1.12.

Concho Resources (NYSE:CXO) last released its quarterly earnings data on Wednesday, August 2nd. The oil and natural gas company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.43 by $0.09. Concho Resources had a return on equity of 2.76% and a net margin of 29.32%. The company had revenue of $567.00 million for the quarter, compared to analysts’ expectations of $626.09 million. During the same period last year, the firm posted $0.26 earnings per share. Concho Resources’s revenue was up 43.2% compared to the same quarter last year. On average, equities research analysts anticipate that Concho Resources Inc. will post $1.61 earnings per share for the current fiscal year.

A number of research analysts recently issued reports on the stock. Royal Bank Of Canada reiterated a “buy” rating and issued a $158.00 price objective on shares of Concho Resources in a report on Friday. ValuEngine upgraded shares of Concho Resources from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Credit Suisse Group set a $164.00 price objective on shares of Concho Resources and gave the company a “buy” rating in a report on Friday, June 2nd. Jefferies Group LLC set a $140.00 price objective on shares of Concho Resources and gave the company a “hold” rating in a report on Wednesday, July 19th. Finally, Cowen and Company set a $145.00 price objective on shares of Concho Resources and gave the company a “hold” rating in a report on Tuesday, July 18th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating to the company’s stock. Concho Resources currently has a consensus rating of “Hold” and an average target price of $146.76.

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)

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