Hellman Jordan Management Co. Inc. MA Has $489,000 Holdings in Concho Resources Inc (NYSE:CXO)

Hellman Jordan Management Co. Inc. MA lowered its stake in Concho Resources Inc (NYSE:CXO) by 31.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,713 shares of the oil and natural gas company’s stock after selling 1,687 shares during the period. Hellman Jordan Management Co. Inc. MA’s holdings in Concho Resources were worth $489,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of CXO. Israel Discount Bank of New York raised its position in shares of Concho Resources by 32.0% during 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 acquiring an additional 200 shares in the last quarter. Sun Life Financial INC raised its position in shares of Concho Resources by 10,850.0% during 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 acquiring an additional 1,085 shares in the last quarter. Twin Tree Management LP acquired a new stake in shares of Concho Resources during the 2nd quarter worth about $137,000. C M Bidwell & Associates Ltd. raised its position in shares of Concho Resources by 1.4% during the 2nd quarter. C M Bidwell & Associates Ltd. now owns 1,495 shares of the oil and natural gas company’s stock worth $182,000 after acquiring an additional 20 shares in the last quarter. Finally, Commonwealth Equity Services Inc acquired a new stake in shares of Concho Resources during the 3rd quarter worth about $206,000. 94.47% of the stock is currently owned by institutional investors.

Several brokerages have recently weighed in on CXO. Zacks Investment Research lowered Concho Resources from a “buy” rating to a “hold” rating in a research report on Friday. KLR Group lowered Concho Resources to a “hold” rating and set a $154.00 target price on the stock. in a research report on Wednesday. Royal Bank of Canada set a $167.00 target price on Concho Resources and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Jefferies Group set a $173.00 target price on Concho Resources and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Finally, Credit Suisse Group assumed coverage on Concho Resources in a research report on Monday, December 11th. They set a “neutral” rating and a $136.00 target price on the stock. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Concho Resources has an average rating of “Buy” and a consensus price target of $151.63.

Shares of Concho Resources Inc (NYSE CXO) traded down $1.11 during mid-day trading on Friday, hitting $150.22. The company’s stock had a trading volume of 888,934 shares, compared to its average volume of 1,009,083. Concho Resources Inc has a one year low of $106.73 and a one year high of $155.05. The stock has a market cap of $22,502.17, a P/E ratio of 39.95 and a beta of 1.09. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.32.

Concho Resources (NYSE:CXO) last announced its earnings results on Tuesday, October 31st. The oil and natural gas company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.19. Concho Resources had a return on equity of 2.92% and a net margin of 24.19%. The company had revenue of $627.00 million for the quarter, compared to the consensus estimate of $614.12 million. During the same period last year, the business posted $0.32 EPS. The company’s revenue was up 45.8% on a year-over-year basis. research analysts expect that Concho Resources Inc will post 1.85 EPS for the current year.

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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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