Concho Resources Inc. (NYSE:CXO) reached 22.06% versus a 1-year low price of $93.31. The stock was last seen 8.75% higher, reaching at $113.89 on 4/12/2019. At a recent session, the prices were hovering between $112.69 and $117.31. This company shares are 36.05% off its target price of $154.95 and the current market capitalization stands at $22.72B. The recent change has given its price a 3.27% lead over SMA 50 and -30.18% deficit over its 52-week high. The stock witnessed 9.81% gains, -5.45% declines and -25.64% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found CXO’s volatility during a week at 3.49% and during a month it has been found around 3.19%.

Concho Resources Inc. (CXO) Top Holders

Institutional investors currently hold around $21.65 billion or 96.1% in CXO stock. Look at its top three institutional owners: Capital World Investors owns $2.73 billion in Concho Resources Inc., which represents roughly 12.02% of the company’s market cap and approximately 12.62% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 21,413,863 shares of the stock are valued at $2.44 billion. The third largest holder is Capital Research Global Investors, which currently holds $2.4 billion worth of this stock and that ownership represents nearly 10.56% of its market capitalization.

Concho Resources Inc. 13F Filings

At the end of December reporting period, 263 institutional holders increased their position in Concho Resources Inc. (NYSE:CXO) by some 17,409,181 shares, 300 decreased positions by 17,996,513 and 64 held positions by 154,691,663. That puts total institutional holdings at 190,097,357 shares, according to SEC filings. The stock grabbed 86 new institutional investments totaling 2,614,985 shares while 96 institutional investors sold out their entire positions totaling 1,875,414 shares.

Concho Resources Inc. (NYSE:CXO) Insider Trades

Multiple company employees have indulged in significant insider trading. Concho Resources Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director BEAL STEVEN L has sold 7,500 shares of Concho Resources Inc. (CXO) in the trading session dated Mar. 11, 2019. These shares are worth $749,250 and were traded at $99.9 each. The SEC filing shows that Kidwell Scott performed a sale of 4,200 shares. The SVP of Administration disposed these shares by way of transaction on Feb. 28, 2019. The company’s shares were given away at $110.02 per share worth to an income of some $462,084 to the account of Kidwell Scott.

Director, Merriman Gary A, purchased 2,000 common shares of Concho Resources Inc. (CXO) in the open market. In a transaction dated Feb. 27, 2019, the shares were bought at an average price of $111.51, giving away a sum of $223,020. After this purchase, 19,727 common shares of CXO are directly owned by the insider, with total stake valued at $2,246,708.

In the transaction dated Sep. 12, 2018, a great number of shares sold came courtesy the SVP of Finance and Strategy; Moncrief Lee Price disposed a total of 4,000 shares at an average price of $139.86, amounting to approximately $559,440. The insider now directly owns 16,193 shares worth $1,844,221.

Concho Resources Inc. (CXO) Analyst Guide

Several analysts have released their opinion on Concho Resources Inc. (NYSE:CXO), with 15 analysts believing it is a strong buy. Whereas 3 of them predict the stock is a hold. Also, there are 19 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.68 average brokerage recommendation [T1].