MARKET

CXO

CXO

Concho Resources
NYSE

Real-time Quotes | Nasdaq Last Sale

64.16
+4.14
+6.90%
Opening 14:38 12/04 EST
OPEN
61.60
PREV CLOSE
60.02
HIGH
64.41
LOW
61.41
VOLUME
1.62M
TURNOVER
--
52 WEEK HIGH
93.34
52 WEEK LOW
33.13
MARKET CAP
12.59B
P/E (TTM)
-1.2240
1D
5D
1M
3M
1Y
5Y
News
Financial
Releases
Corp Actions
Analysis
Profile
Look for Shares of Concho Resources to Potentially Pullback after Yesterday's 5.62% Rise
Concho Resources (NYSE:CXO) traded in a range yesterday that spanned from a low of $61.38 to a high of $63.64. Yesterday, the shares gained 5.6%, which took the trading range above the 3-day high of $61.33 on volume of 818,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
Comtex SmarTrend(R) · 1h ago
Oil and gas sector sails to four-session win streak on OPEC+ compromise
Energy stocks ([[XLE]] +4.6%) again lead the S&P 500 sector standings, rising for a fourth straight day, Index Friday after OPEC+ agreed to ease production cuts next year.The sector has
Seekingalpha · 3h ago
ConocoPhillips (COP) to Sack 25% Houston Workers by Early 2021
ConocoPhillips (COP) plans to lay off 500 or more of its Houston employees after the acquisition of Concho Resources at the beginning of 2021.
Zacks · 1d ago
U.S. oil producer ConocoPhillips to shed up to 500 workers
ConocoPhillips, the largest U.S. independent oil producer, said on Tuesday that it would lay off up to 500 Houston employees, about a fifth of its headquarters workforce, to match staffing with expected activity levels. ConocoPhillips posted a loss of $1.93 billion through the first nine months of this year, compared with a $6.47 billion profit in the same period last year. Affected employees will be notified Feb. 1, about when ConocoPhillips expects to complete its $9.7 billion acquisition of U.S. shale producer Concho Resources Inc. Employees who lose their jobs will receive severance pay and help finding new positions, it said.
Reuters · 2d ago
Conoco Warns of 500 Houston Job Cuts as Concho Deal Nears
(Bloomberg) -- ConocoPhillips may dismiss as much as one-fourth of its Houston headquarters staff as the largest independent oil explorer cuts costs and prepares for the takeover of Concho Resources Inc.Affected employees will be notified as early as Feb. 1 and will receive 60-days advance notice, severance pay and help finding new jobs, Conoco said in an email on Tuesday. The company agreed to buy Concho in October and the $11.4 billion deal is expected to close next year.“The process to determine the exact number of impacted employees is ongoing,” the company said. “However, we anticipate the number of reductions in Houston could meet the threshold of 500 or more.”Conoco emerged as one of the stronger independent oil producers from this year’s pandemic-driven price crash with almost $7 billion of cash on hand at the end of the third quarter. But the company is not immune from the slump and has reduced production 22% over the past year, meaning fewer employees are needed.“We have been transparent with employees that targeted workforce reductions in certain areas of our business may be necessary from time to time to align organizational capacity with expected future activity levels,” Conoco said.The acquisition of Concho will make Conoco a major player in the Permian Basin, the world’s biggest shale field, and gives the company the option of growing production in the future. But so far CEO Ryan Lance has given no indication of a major ramp up. Last month he pledged to only reinvest 70% of the company’s cash flow in capital spending, indicating a conservative approach to new drilling.(Updates with company comment in 5th paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Bloomberg · 3d ago
26.1% Return Seen to Date on SmarTrend Concho Resources Call (CXO)
SmarTrend identified an Uptrend for Concho Resources (NYSE:CXO) on November 9th, 2020 at $49.19. In approximately 3 weeks, Concho Resources has returned 26.08% as of today's recent price of $62.02.
Comtex SmarTrend(R) · 6d ago
Energy, oil prices slip even as OPEC leans toward keeping output cuts in place
The energy sector ([[XLE]] -1.5%) ranks among today's weakest performers but remains on track to finish the week with a more than 8% gain, which places it well ahead of
Seekingalpha · 11/27 17:42
10 Best Stocks in the S&P 500 This Week
TheStreet.com · 11/20 23:24
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Forecast
EPSBVPSCFPS
Actual (USD)
Estimate (USD)
Income StatementMore
Net IncomeTotal RevenueOperating Income
Net Income (USD)
YoY (%)
Balance SheetMore
Total Assets (USD)
Total Liabilities (USD)
Debt to Asset (%)
Cash FlowMore
OperatingInvestingFinancing
Operating (USD)
YoY (%)
Learn about the latest financial forecast of CXO. Analyze the recent business situations of Concho Resources through EPS, BVPS, FPS, and other data. This information may help you make smarter investment decisions.
Analyst Rating

Based on 28 analysts

Buy

Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.

Analyst Price Target
The average CXO stock price target is 63.59 with a high estimate of 82.00 and a low estimate of 50.00.
EPS
Institutional Holdings
Institutions: 721
Institutional Holdings: 193.45M
% Owned: 98.55%
Shares Outstanding: 196.30M
TypeInstitutionsShares
Increased
161
16.58M
New
108
-788.51K
Decreased
151
16.73M
Sold Out
0
0
  • Performance
  • Asset Allocation
  • Dividend History
No Data
Industry
Oil & Gas Exploration and Production
+10.05%
Oil & Gas
+5.12%
Key Executives
Chairman/Chief Executive Officer/Director
Timothy Leach
President
Jack Harper
Chief Financial Officer/Senior Vice President/Treasurer
Brenda Schroer
Chief Operating Officer/Executive Vice President
C. William Giraud
Senior Vice President/General Counsel/Secretary
Travis Counts
Senior Vice President
Clay Bateman
Senior Vice President
Gayle Burleson
Senior Vice President
Keith Corbett
Senior Vice President
Scott Kidwell
Senior Vice President
Erick Nelson
Lead Director/Independent Director
Mark Puckett
Chief Accounting Officer/Vice President
Jacob Gobar
Director
Edwin Wright
Independent Director
Steven Beal
Independent Director
Tucker Bridwell
Independent Director
William Easter
Director
Edwin Joseph Wright
Independent Director
Steven Gray
Independent Director
Susan Helms
Independent Director
Gary Merriman
  • Dividends
  • Splits
  • Insider Activity
Declaration Date
Dividend Per Share
Ex-Div Date
10/27/2020
Dividend USD 0.2
11/05/2020
07/28/2020
Dividend USD 0.2
08/06/2020
04/28/2020
Dividend USD 0.2
05/07/2020
02/18/2020
Dividend USD 0.2
02/27/2020
10/29/2019
Dividend USD 0.125
11/07/2019
07/30/2019
Dividend USD 0.125
08/08/2019
04/30/2019
Dividend USD 0.125
05/09/2019
02/19/2019
Dividend USD 0.125
02/28/2019
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About CXO
Concho Resources Inc. is an independent oil and natural gas company engaged in the acquisition, development and exploration of oil and natural gas properties. The Company's four operating areas include the Northern Delaware Basin, the Southern Delaware Basin, the Midland Basin and the New Mexico Shelf. As of December 31, 2016, the Company's operations were focused in the Permian Basin, which underlies an area of Southeast New Mexico and West Texas approximately 250 miles wide and 300 miles long. The Permian Basin is an oil and natural gas producing region in the United States and is characterized by multiple producing horizons and enhanced recovery potential. As of December 31, 2016, the Company produced approximately 55.1 million barrels of oil equivalent (MMBoe) of oil and natural gas. As of December 31, 2016, all of its 720 MMBoe total estimated proved reserves were located in its core operating areas and consisted of approximately 59.5% oil and 40.5% natural gas.
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