Janus Henderson Group PLC raised its holdings in shares of Concho Resources Inc. (NYSE:CXO) by 113.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 114,388 shares of the oil and natural gas company’s stock after acquiring an additional 60,895 shares during the period. Janus Henderson Group PLC owned approximately 0.08% of Concho Resources worth $13,902,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Oppenheimer & Co. Inc. lifted its stake in Concho Resources by 1.0% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 3,502 shares of the oil and natural gas company’s stock valued at $426,000 after acquiring an additional 35 shares during the period. Cadence Capital Management LLC lifted its stake in Concho Resources by 0.9% during the 2nd quarter. Cadence Capital Management LLC now owns 5,255 shares of the oil and natural gas company’s stock valued at $639,000 after acquiring an additional 48 shares during the period. Private Advisor Group LLC lifted its stake in Concho Resources by 2.5% during the 2nd quarter. Private Advisor Group LLC now owns 2,501 shares of the oil and natural gas company’s stock valued at $304,000 after acquiring an additional 60 shares during the period. Symphony Asset Management LLC lifted its stake in Concho Resources by 2.5% during the 2nd quarter. Symphony Asset Management LLC now owns 2,804 shares of the oil and natural gas company’s stock valued at $341,000 after acquiring an additional 69 shares during the period. Finally, Louisiana State Employees Retirement System lifted its stake in Concho Resources by 1.1% during the 2nd quarter. Louisiana State Employees Retirement System now owns 9,200 shares of the oil and natural gas company’s stock valued at $1,118,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 92.35% of the company’s stock.

Several 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 lifted their price objective on shares of Concho Resources from $124.00 to $144.00 and gave the company an “overweight” rating in a research note on Wednesday, October 11th. Piper Jaffray Companies decreased their price objective 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 upgraded shares of Concho Resources from a “sell” rating to a “hold” rating in a research note on Wednesday, September 13th. Nine research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $151.11.

In other Concho Resources news, VP E Joseph Wright sold 16,696 shares of the firm’s stock in a transaction on 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 completion of the sale, the vice president now owns 132,388 shares of the company’s stock, valued at $15,203,437.92. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.99% of the stock is currently owned by company insiders.

Shares of Concho Resources Inc. (CXO) opened at 134.11 on Friday. The stock has a market cap of $19.79 billion, a price-to-earnings ratio of 31.12 and a beta of 1.14. The company has a 50-day moving average of $127.39 and a 200 day moving average of $124.51. Concho Resources Inc. has a one year low of $106.73 and a one year high of $147.55.

Concho Resources (NYSE:CXO) last released its earnings results on Wednesday, August 2nd. The oil and natural gas company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $626.09 million. During the same quarter last year, the company earned $0.26 earnings per share. Concho Resources’s quarterly revenue was up 43.2% compared to the same quarter last year. On average, equities analysts forecast that Concho Resources Inc. will post $1.61 earnings per share for the current fiscal 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.

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

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