Concho Resources Inc. (CXO) Shares Bought by Axa

Axa grew its stake in Concho Resources Inc. (NYSE:CXO) by 1.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 401,060 shares of the oil and natural gas company’s stock after acquiring an additional 6,378 shares during the period. Axa owned about 0.27% of Concho Resources worth $52,828,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Toronto Dominion Bank grew its holdings in shares of Concho Resources by 12.4% in the third quarter. Toronto Dominion Bank now owns 56,398 shares of the oil and natural gas company’s stock valued at $7,428,000 after purchasing an additional 6,206 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of Concho Resources by 33.6% in the second quarter. Nordea Investment Management AB now owns 7,968 shares of the oil and natural gas company’s stock valued at $968,000 after purchasing an additional 2,003 shares in the last quarter. Texas Capital Bancshares Inc. TX grew its holdings in shares of Concho Resources by 5.5% in the third quarter. Texas Capital Bancshares Inc. TX now owns 7,274 shares of the oil and natural gas company’s stock valued at $958,000 after purchasing an additional 380 shares in the last quarter. Capital Advisors Inc. OK acquired a new position in shares of Concho Resources in the second quarter valued at approximately $2,093,000. Finally, Birinyi Associates Inc. grew its holdings in shares of Concho Resources by 4.3% in the second quarter. Birinyi Associates Inc. now owns 11,000 shares of the oil and natural gas company’s stock valued at $1,337,000 after purchasing an additional 450 shares in the last quarter. 94.55% of the stock is currently owned by institutional investors and hedge funds.

Concho Resources Inc. (NYSE CXO) opened at $136.40 on Friday. Concho Resources Inc. has a twelve month low of $106.73 and a twelve month high of $147.77. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.66 and a quick ratio of 0.66. The stock has a market cap of $20,341.61, a price-to-earnings ratio of 82.41 and a beta of 1.09.

Concho Resources (NYSE:CXO) last issued its earnings results on Tuesday, October 31st. The oil and natural gas company reported $0.45 earnings per share (EPS) for the quarter, beating 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 business had revenue of $627.00 million during the quarter, compared to analysts’ expectations of $614.12 million. During the same quarter in the prior year, the business posted $0.32 EPS. The company’s revenue for the quarter was up 45.8% on a year-over-year basis. sell-side analysts expect that Concho Resources Inc. will post 1.82 earnings per share for the current year.

CXO has been the subject of several analyst reports. Royal Bank of Canada set a $158.00 price target on shares of Concho Resources and gave the stock a “buy” rating in a report on Thursday, August 24th. KeyCorp set a $150.00 price target on shares of Concho Resources and gave the stock a “buy” rating in a report on Thursday, October 19th. SunTrust Banks set a $145.00 price target on shares of Concho Resources and gave the stock a “buy” rating in a report on Tuesday, October 31st. Jefferies Group upgraded shares of Concho Resources from a “hold” rating to a “buy” rating and set a $159.00 price target for the company in a report on Monday, October 9th. Finally, Stifel Nicolaus set a $185.00 price target on shares of Concho Resources and gave the stock a “buy” rating in a report on Thursday, October 5th. Nine analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $152.16.

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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.

Institutional Ownership by Quarter for Concho Resources (NYSE:CXO)

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