Concho Resources Stock Forecast, Price & News

Concho Resources' stock was trading at $46.32 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CXO stock has increased by 41.6% and is now trading at $65.60.
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24 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Concho Resources in the last year. There are currently 9 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Concho Resources stock.
View analyst ratings for Concho Resources or view MarketBeat's top 5 stock picks.

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45 employees have rated Concho Resources CEO Timothy A. Leach on Glassdoor.com. Timothy A. Leach has an approval rating of 82% among Concho Resources' employees.

Concho Resources is scheduled to release its next quarterly earnings announcement on Tuesday, February 16th 2021.
View our earnings forecast for Concho Resources.

Concho Resources Inc. (NYSE:CXO) announced its quarterly earnings data on Tuesday, October, 27th. The oil and natural gas company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.14 by $0.29. The oil and natural gas company had revenue of $834 million for the quarter, compared to analysts' expectations of $926.73 million. Concho Resources had a negative net margin of 294.71% and a positive trailing twelve-month return on equity of 8.15%.
View Concho Resources' earnings history.

Concho Resources announced a quarterly dividend on Tuesday, October 27th. Investors of record on Friday, November 6th will be given a dividend of $0.20 per share on Friday, December 18th. This represents a $0.80 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Thursday, November 5th.
View Concho Resources' dividend history.

Concho Resources pays an annual dividend of $0.80 per share and currently has a dividend yield of 1.22%. The dividend payout ratio of Concho Resources is 26.23%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Concho Resources will have a dividend payout ratio of 18.26% next year. This indicates that Concho Resources will be able to sustain or increase its dividend.
View Concho Resources' dividend history.

24 Wall Street analysts have issued 12 month price objectives for Concho Resources' stock. Their forecasts range from $50.00 to $118.00. On average, they anticipate Concho Resources' share price to reach $69.99 in the next twelve months. This suggests a possible upside of 6.7% from the stock's current price.
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Some companies that are related to Concho Resources include ConocoPhillips (COP), EOG Resources (EOG), Pioneer Natural Resources (PXD), Diamondback Energy (FANG), Continental Resources (CLR), Cabot Oil & Gas (COG), Devon Energy (DVN), Marathon Oil (MRO), WPX Energy (WPX), Cimarex Energy (XEC), EQT (EQT), Range Resources (RRC), PDC Energy (PDCE), Southwestern Energy (SWN) and Matador Resources (MTDR).
View all of CXO's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Concho Resources investors own include Alibaba Group (BABA), Intel (INTC), Micron Technology (MU), The Boeing (BA), Cisco Systems (CSCO), Netflix (NFLX), NVIDIA (NVDA), Devon Energy (DVN), Chevron (CVX) and EOG Resources (EOG).

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

Concho Resources' stock is owned by a variety of retail and institutional investors. Top institutional investors include Manning & Napier Group LLC (0.85%), Retirement Systems of Alabama (0.21%), New York State Teachers Retirement System (0.12%), Candriam Luxembourg S.C.A. (0.06%), Nisa Investment Advisors LLC (0.04%) and State of Alaska Department of Revenue (0.04%). Company insiders that own Concho Resources stock include Brenda R Schroer, Gary A Merriman, Jack F Harper, Jacob Gobar, 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 Strs Ohio, Manning & Napier Group LLC, Robeco Institutional Asset Management B.V., Crossmark Global Holdings Inc., Miller Howard Investments Inc. NY, Polianta Ltd, State of Alaska Department of Revenue, and Sippican Capital Advisors. Company insiders that have sold Concho Resources company stock in the last year include Jacob Gobar, and Steven L Beal.
View insider buying and selling activity for Concho Resources or view top insider-selling stocks.

CXO stock was purchased by a variety of institutional investors in the last quarter, including Candriam Luxembourg S.C.A., Tuttle Tactical Management, Greylin Investment Mangement Inc., New York State Teachers Retirement System, Usca Ria LLC, IFM Investors Pty Ltd, LexAurum Advisors LLC, and Louisiana State Employees Retirement System. 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 activity for Concho Resources or or view top insider-buying stocks.

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

One share of CXO stock can currently be purchased for approximately $65.60.

Concho Resources has a market capitalization of $12.88 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.

The official website for Concho Resources is 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]