Today, a Director at Concho Resources (NYSE: CXO), Steven Beal, sold shares of CXO for $343.1K.
Following Steven Beal’s last CXO Sell transaction on June 08, 2016, the stock climbed by 12.2%. In addition to Steven Beal, 2 other CXO executives reported Sell trades in the last month.
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Based on Concho Resources’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $945 million and quarterly net profit of $136 million. In comparison, last year the company earned revenue of $567 million and had a net profit of $151 million. CXO’s market cap is $20.69B and the company has a P/E ratio of 18.44. Currently, Concho Resources has an average volume of 942.8K.
Based on 14 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $179.36, reflecting a 30.8% upside.
In the last 30 days, insiders have sold $1.82M worth of CXO shares and purchased $268.8K worth of CXO shares. The insider sentiment on Concho Resources has been neutral according to 35 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.
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Concho Resources, Inc. engages in the acquisition, development and exploration of oil and natural gas properties. Its operations include New Mexico Shelf, Delaware Basin, Midland Basin. The company was founded on February 22, 2006 and is headquartered in Midland, TX.
