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 announced a quarterly dividend on Tuesday, February 18th. Shareholders of record on Friday, February 28th will be given a dividend of $0.20 per share on Friday, March 27th. This represents a $0.80 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend is Thursday, February 27th. This is an increase from Concho Resources's previous quarterly dividend of $0.13. View Concho Resources' Dividend History.

Concho Resources Inc (NYSE:CXO) issued its quarterly earnings results on Tuesday, February, 18th. The oil and natural gas company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.24. The oil and natural gas company earned $1.25 billion during the quarter, compared to analyst estimates of $1.17 billion. Concho Resources had a positive return on equity of 3.38% and a negative net margin of 15.35%. Concho Resources's revenue was up 16.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.94 EPS. View Concho Resources' Earnings History.

Concho Resources is scheduled to release their next quarterly earnings announcement on Tuesday, May 5th 2020. View Earnings Estimates for Concho Resources.

21 analysts have issued twelve-month target prices for Concho Resources' stock. Their forecasts range from $83.00 to $188.00. On average, they anticipate Concho Resources' share price to reach $111.75 in the next year. This suggests a possible upside of 64.3% from the stock's current price. View Analyst Price Targets for Concho Resources.

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Concho Resources in the last year. There are currently 6 hold ratings, 14 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Concho Resources.

Headlines about CXO stock have been trending somewhat positive recently, according to InfoTrie. InfoTrie identifies positive and negative media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Concho Resources earned a daily sentiment score of 1.1 on InfoTrie's scale. They also gave media stories about the oil and natural gas company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the near future. View News Stories for Concho Resources.

Concho Resources saw a drop in short interest in February. As of February 14th, there was short interest totalling 6,820,000 shares, a drop of 16.1% from the January 30th total of 8,130,000 shares. Based on an average daily trading volume, of 1,660,000 shares, the days-to-cover ratio is presently 4.1 days. Currently, 3.5% of the shares of the company 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), Apache (APA), Continental Resources (CLR), Noble Energy (NBL), Marathon Oil (MRO), Devon Energy (DVN), Cabot Oil & Gas (COG), WPX Energy (WPX), Cimarex Energy (XEC), EQT (EQT), Kosmos Energy (KOS) and PDC Energy (PDCE).

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

Concho Resources' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Capital Research Global Investors (12.23%), Capital International Investors (5.66%), State Street Corp (5.06%), Geode Capital Management LLC (1.58%), Capital World Investors (1.20%) and Bank of New York Mellon Corp (0.95%). Company insiders that own Concho Resources stock include Brenda R Schroer, Erick Nelson, Gary A Merriman, Jack F Harper, Lee Price Moncrief, Mark B Puckett, 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 Capital World Investors, FMR LLC, Franklin Resources Inc., Cubist Systematic Strategies LLC, Alyeska Investment Group L.P., Lord Abbett & CO. LLC, Amundi Pioneer Asset Management Inc. and Janus Henderson Group PLC. 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 acquired by a variety of institutional investors in the last quarter, including State Street Corp, Capital Research Global Investors, Marshall Wace North America L.P., Capital International Investors, Waratah Capital Advisors Ltd., Alliancebernstein L.P., National Pension Service and Geode Capital Management LLC. 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 $68.02.

Concho Resources has a market capitalization of $13.38 billion and generates $4.59 billion in revenue each year. The oil and natural gas company earns $-705,000,000.00 in net income (profit) each year or $3.05 on an earnings per share basis. Concho Resources employs 1,453 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]