California State Teachers Retirement System Sells 40,846 Shares of Exco Resources Inc. (XCO)
California State Teachers Retirement System lowered its stake in shares of Exco Resources Inc. (NYSE:XCO) by 12.2% during the second quarter, Holdings Channel reports. The firm owned 293,632 shares of the company’s stock after selling 40,846 shares during the period. California State Teachers Retirement System owned about 0.11% of Exco Resources worth $382,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of the stock. National Planning Corp increased its stake in shares of Exco Resources by 10.3% in the first quarter. National Planning Corp now owns 93,500 shares of the company’s stock worth $169,000 after buying an additional 8,700 shares during the period. Alpine Partners VI LLC purchased a new stake in shares of Exco Resources during the first quarter worth approximately $101,000. Geode Capital Management LLC increased its stake in shares of Exco Resources by 1.4% in the first quarter. Geode Capital Management LLC now owns 1,118,378 shares of the company’s stock worth $1,106,000 after buying an additional 15,479 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in shares of Exco Resources by 55.1% in the first quarter. Goldman Sachs Group Inc. now owns 1,924,263 shares of the company’s stock worth $1,903,000 after buying an additional 683,540 shares during the period. Hedge funds and other institutional investors own 64.93% of the company’s stock.
Exco Resources Inc. (NYSE:XCO) traded down 0.87% during midday trading on Friday, reaching $1.14. 191,182 shares of the company were exchanged. Exco Resources Inc. has a 52-week low of $0.51 and a 52-week high of $1.94. The stock’s market capitalization is $317.81 million. The firm’s 50-day moving average price is $1.06 and its 200 day moving average price is $1.17.
Exco Resources (NYSE:XCO) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.05) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.02. The business earned $54.22 million during the quarter, compared to analyst estimates of $51.65 million. During the same period in the previous year, the company posted ($0.05) earnings per share. Exco Resources’s revenue was down 42.6% compared to the same quarter last year. Equities analysts predict that Exco Resources Inc. will post ($0.27) earnings per share for the current year.
Separately, Zacks Investment Research downgraded shares of Exco Resources from a “buy” rating to a “hold” rating in a report on Wednesday, September 14th.
In other Exco Resources news, Director Principal Opportunities Fu Ocm sold 7,400,000 shares of the company’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $1.25, for a total value of $9,250,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is currently owned by company insiders.
Exco Resources Company Profile
EXCO Resources, Inc (EXCO) is an oil and natural gas company. The Company is engaged in the exploration, exploitation, acquisition, development and production of onshore United States oil and natural gas properties with a focus on shale resource plays. The Company’s principal operations are conducted in certain United States oil and natural gas areas, including Texas, Louisiana and the Appalachia region.
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