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, October 29th. Shareholders of record on Friday, November 8th will be paid a dividend of $0.125 per share on Friday, December 20th. This represents a $0.50 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Thursday, November 7th. View Concho Resources' Dividend History.

Concho Resources Inc (NYSE:CXO) released its earnings results on Tuesday, October, 29th. The oil and natural gas company reported $0.61 earnings per share (EPS) 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 analysts' expectations 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 earnings per share. 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.

Concho Resources will be holding an earnings conference call on Tuesday, February 18th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

23 equities research analysts have issued twelve-month target prices for Concho Resources' shares. Their forecasts range from $70.00 to $188.00. On average, they anticipate Concho Resources' share price to reach $111.45 in the next year. This suggests a possible upside of 23.7% 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 6 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.

News stories about CXO stock have trended somewhat positive recently, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of news coverage by analyzing more than six thousand blog and news 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 media sentiment score of 2.0 on InfoTrie's scale. They also assigned media headlines about the oil and natural gas company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for Concho Resources.

Concho Resources saw a decline in short interest during the month of December. As of December 13th, there was short interest totalling 8,170,000 shares, a decline of 8.2% from the November 28th total of 8,900,000 shares. Based on an average daily trading volume, of 1,760,000 shares, the days-to-cover ratio is currently 4.6 days. Currently, 4.1% of the shares of the stock are short sold. 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), Cimarex Energy (XEC), WPX Energy (WPX), Kosmos Energy (KOS), EQT (EQT) and Matador Resources (MTDR).

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

Concho Resources' stock is owned by a number of of retail and institutional investors. Top institutional investors include Hexavest Inc. (0.18%), Viking Fund Management LLC (0.04%), State of Alaska Department of Revenue (0.04%), TIAA FSB (0.03%), Garner Asset Management Corp (0.03%) and Nisa Investment Advisors LLC (0.01%). 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, 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 Viking Fund Management LLC, Sanders Morris Harris LLC, Meag Munich Ergo Kapitalanlagegesellschaft MBH, Hexavest Inc., State of Alaska Department of Revenue, Riverview Trust Co, Gateway Investment Advisers LLC and IFM Investors Pty Ltd. 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 TIAA FSB, Bridgeworth LLC, Nisa Investment Advisors LLC, Garner Asset Management Corp, Zeke Capital Advisors LLC, Boenning & Scattergood Inc., DNB Asset Management AS and Huntington National Bank. 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 $90.10.

Concho Resources has a market capitalization of $18.11 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]