NYSE:CXO - Concho Resources Stock Price, Forecast & News

Concho Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "CXO."

Concho Resources declared a quarterly dividend on Tuesday, October 29th. Investors of record on Friday, November 8th will be given a dividend of $0.125 per share on Friday, December 20th. This represents a $0.50 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend is Thursday, November 7th. View Concho Resources' Dividend History.

Concho Resources Inc (NYSE:CXO) posted its earnings results on Tuesday, October, 29th. The oil and natural gas company reported $0.61 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.66 by $0.05. The oil and natural gas company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.09 billion. Concho Resources had a return on equity of 3.24% and a net margin of 28.98%. Concho Resources's quarterly revenue was down 6.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.42 EPS. View Concho Resources' Earnings History.

Concho Resources is scheduled to release their next quarterly earnings announcement on Tuesday, February 18th 2020. View Earnings Estimates for Concho Resources.

23 brokerages have issued 12 month price objectives for Concho Resources' shares. Their forecasts range from $62.00 to $196.00. On average, they expect Concho Resources' stock price to reach $114.85 in the next year. This suggests a possible upside of 45.8% from the stock's current price. View Analyst Price Targets for Concho Resources.

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Concho Resources in the last year. There are currently 1 sell rating, 5 hold ratings, 15 buy ratings and 2 strong buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Concho Resources.

Media coverage about CXO stock has trended somewhat negative on Friday, InfoTrie Sentiment reports. The research firm identifies negative and positive media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Concho Resources earned a news impact score of -1.5 on InfoTrie's scale. They also gave media headlines about the oil and natural gas company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the next several days. View News Stories for Concho Resources.

Concho Resources saw a drop in short interest during the month of November. As of November 29th, there was short interest totalling 8,900,000 shares, a drop of 6.0% from the November 14th total of 9,470,000 shares. Based on an average trading volume of 1,930,000 shares, the days-to-cover ratio is currently 4.6 days. Approximately 4.5% of the company's shares are sold short. View Concho Resources' Current Options Chain.

Some companies that are related to Concho Resources include ConocoPhillips (COP), EOG Resources (EOG), Pioneer Natural Resources (PXD), Diamondback Energy (FANG), Continental Resources (CLR), Noble Energy (NBL), Marathon Oil (MRO), Devon Energy (DVN), Apache (APA), Cabot Oil & Gas (COG), Cimarex Energy (XEC), WPX Energy (WPX), EQT (EQT), Kosmos Energy (KOS) and Matador Resources (MTDR).

Based on aggregate information from My MarketBeat watchlists, some companies that other Concho Resources investors own include Alibaba Group (BABA), Micron Technology (MU), Netflix (NFLX), Boeing (BA), NVIDIA (NVDA), Baidu (BIDU), EOG Resources (EOG), Diamondback Energy (fang), Chevron (CVX) and Gilead Sciences (GILD).

Concho Resources' stock is owned by many different of institutional and retail investors. Top institutional investors include State Street Corp (4.80%), Sumitomo Mitsui Trust Holdings Inc. (0.42%), Millennium Management LLC (0.28%), Point72 Asset Management L.P. (0.27%), California Public Employees Retirement System (0.22%) and Hexavest Inc. (0.19%). Company insiders that own Concho Resources stock include Brenda R Schroer, E Joseph Wright, Erick Nelson, Gary A Merriman, Jack F Harper, Lee Price Moncrief, Mark B Puckett, Ray M Poage, Scott Kidwell, Steven D Gray, Steven L Beal, Susan J Helms and Timothy A Leach. View Institutional Ownership Trends for Concho Resources.

CXO stock was sold by a variety of institutional investors in the last quarter, including Voya Investment Management LLC, Strs Ohio, State Street Corp, Russell Investments Group Ltd., First Trust Advisors LP, Great West Life Assurance Co. Can, Tower Research Capital LLC TRC and CIBC Asset Management Inc. Company insiders that have sold Concho Resources company stock in the last year include Scott Kidwell, Steven D Gray, Steven L Beal and Timothy A Leach. View Insider Buying and Selling for Concho Resources.

CXO stock was bought by a variety of institutional investors in the last quarter, including Millennium Management LLC, Point72 Asset Management L.P., California Public Employees Retirement System, State of New Jersey Common Pension Fund D, Voloridge Investment Management LLC, Caymus Capital Partners L.P., Garner Asset Management Corp and State of Alaska Department of Revenue. Company insiders that have bought Concho Resources stock in the last two years include Brenda R Schroer, Gary A Merriman, Jack F Harper, Mark B Puckett and Susan J Helms. View Insider Buying and Selling for Concho Resources.

Shares of CXO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of CXO stock can currently be purchased for approximately $78.75.

Concho Resources has a market capitalization of $15.83 billion and generates $4.15 billion in revenue each year. The oil and natural gas company earns $2.29 billion in net income (profit) each year or $4.59 on an earnings per share basis. Concho Resources employs 1,503 workers across the globe.View Additional Information About Concho Resources.

The official website for Concho Resources is http://www.concho.com/.

Concho Resources' mailing address is 600 WEST ILLINOIS AVENUE, MIDLAND TX, 79701. The oil and natural gas company can be reached via phone at 432-683-7443 or via email at [email protected]