UP!
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Type
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Public company |
|---|---|
| Traded as | NYSE: CXO S&P 500 Index component |
| Industry | Petroleum industry |
| Founded | 2004 (2004) |
| Founder | Timothy A. Leach |
| Headquarters | Midland, Texas |
|
Key people
|
Timothy A. Leach, Chairman & CEO Jack F. Harper, CFO |
| Revenue |  $1.634 billion (2016) |
|
Net income
|
 -$1.462 billion (2016) |
| Total assets | $12.119 billion (2016) |
| Total equity | $7.622 billion (2016) |
|
Number of employees
|
1,085 (2016) |
| Website | www |
Concho Resources Inc. is a petroleum and natural gas exploration and production company headquartered in Midland, Texas, with operations exclusively in the Permian Basin in west Texas and southeast New Mexico.
As of December 31, 2016, the company had 720 million barrels of oil equivalent (4.4×10 GJ) of estimated proved reserves, of which 56% was petroleum and the remainder was natural gas and natural gas liquids. Of these reserves, 47.5% were in the Delaware Basin.
In 2004, the company was founded as Concho Equity Holdings Corporation by a group of businessmen headed Timothy A. Leach.
Also in 2004, the company acquired properties from Lowe Management for $117 million.
In 2006, the company acquired assets from Chase Oil and formed Concho Resources Inc.
In 2007, the company became a public company via an initial public offering.
In 2008, the company acquired Henry Petroleum for $584 million.
In 2010, the company acquired assets in the Permian Basin from Marbob Energy Corporation for $1.65 billion.
In 2012, the company acquired Three Rivers Operating Company for $1 billion.
In October 2016, the company acquired assets in the Midland Basin from Reliance Energy for $1.625 billion.
In November 2016, the company acquired assets in the Delaware Basin for $430 million.
| Period | Date | Adjusted Actuals EPS | GAAP EPS |
|---|---|---|---|
| Q4 2020 | 2021-02-18 | Future report Set alerts | |
| Q3 2020 | 2020-10-27 | 1.43 | 1.43 |
| Q2 2020 | 2020-07-29 | 1.13 | 1.13 |
| Q1 2020 | 2020-04-30 | 0.72 | 0.72 |
| Q4 2019 | 2020-02-18 | 1.03 | 1.03 |
| Q3 2019 | 2019-10-29 | 0.61 | 0.61 |
| Q2 2019 | 2019-07-31 | 0.69 | 0.69 |
| Q1 2019 | 2019-04-30 | 0.72 | 0.72 |
| Q4 2018 | 2019-02-19 | 0.94 | 0.94 |
| 2016-07-06 | Reiterated Rating | Canaccord Genuity | Hold | |
| 2016-06-29 | Reiterated Rating | Morgan Stanley | Overweight | |
| 2016-06-14 | Boost Price Target | Deutsche Bank | Buy | $132.00 to $140.00 |
| 2016-06-14 | Boost Price Target | Deutsche Bank AG | Buy | $132.00 to $140.00 |
| 2016-06-13 | Upgrade | Morgan Stanley | Equal Weight to Overweight | $83.00 to $173.00 |
| 2016-06-07 | Upgrade | Seaport Global Securities | Neutral to Accumulate | $140.00 |
| 2016-05-16 | Boost Price Target | Citigroup Inc. | Buy | $124.00 to $143.00 |
| 2016-05-09 | Reiterated Rating | Canaccord Genuity | Hold | $96.00 to $95.00 |
| 2016-05-08 | Reiterated Rating | Credit Suisse | Buy | |
| 2016-05-08 | Reiterated Rating | Credit Suisse Group AG | Buy | |
| 2016-04-18 | Downgrade | Cowen and Company | Outperform to Market Perform | $109.00 to $114.00 |
| 2016-04-07 | Boost Price Target | Citigroup Inc. | Buy | $116.00 to $124.00 |
| 2016-04-05 | Initiated Coverage | Canaccord Genuity | Hold | $95.00 |
| 2016-03-31 | Reiterated Rating | Stifel Nicolaus | Buy | $109.00 to $120.00 |
| 2016-03-24 | Reiterated Rating | Deutsche Bank | Buy | |
| 2016-03-23 | Boost Price Target | Deutsche Bank | $115.00 to $125.00 | |
| 2016-03-15 | Boost Price Target | KLR Group | $110.00 | |
| 2016-03-02 | Boost Price Target | Jefferies Group | Hold | $89.00 |
| 2016-02-29 | Boost Price Target | Barclays | Overweight | $95.00 to $97.00 |
| 2016-02-29 | Boost Price Target | Barclays PLC | Overweight | $95.00 to $97.00 |
| 2016-02-26 | Lower Price Target | SunTrust | Buy | $115.00 to $107.00 |
| 2016-02-26 | Lower Price Target | SunTrust Banks Inc. | Buy | $115.00 to $107.00 |
| 2016-02-03 | Boost Price Target | Deutsche Bank | $104.00 to $110.00 | |
| 2016-02-02 | Lower Price Target | JPMorgan Chase & Co. | Overweight | $123.00 to $106.00 |
| 2016-02-01 | Upgrade | SunTrust | Neutral to Buy | $115.00 |
| 2016-01-28 | Reiterated Rating | Barclays | Overweight | $107.00 to $95.00 |
| 2016-01-21 | Lower Price Target | Nomura | Buy | $131.00 to $109.00 |
| 2016-01-21 | Lower Price Target | Citigroup Inc. | $109.00 to $100.00 | |
| 2016-01-21 | Lower Price Target | Deutsche Bank | Buy | $120.00 to $104.00 |
| 2016-01-21 | Lower Price Target | Nomura Holdings Inc. | Buy | $131.00 to $109.00 |
| 2016-01-19 | Lower Price Target | KLR Group | $129.00 to $107.00 | |
| 2016-01-14 | Reiterated Rating | Deutsche Bank | Buy | |
| 2016-01-12 | Downgrade | Jefferies Group | Buy to Hold | $88.00 |
| 2016-01-11 | Upgrade | Cowen and Company | Market Perform to Outperform | $112.00 |
| 2016-01-05 | Lower Price Target | Citigroup Inc. | Buy | $128.00 to $109.00 |
| 2015-12-22 | Lower Price Target | KeyBanc | $110.00 | |
| 2015-12-22 | Lower Price Target | KeyCorp | $110.00 | |
| 2015-12-09 | Reiterated Rating | Deutsche Bank | Buy | $134.00 to $132.00 |
| 2015-12-09 | Initiated Coverage | Cowen and Company | Market Perform | |
| 2015-12-09 | Initiated Coverage | JPMorgan Chase & Co. | Overweight | $123.00 |
| 2015-12-08 | Reiterated Rating | Mitsubishi UFJ Financial Group Inc | Neutral | |
| 2015-12-08 | Reiterated Rating | Mitsubishi UFJ Financial Group Inc. | Neutral | |
| 2015-12-02 | Lower Price Target | Jefferies Group | Buy | $130.00 |
| 2015-12-01 | Upgrade | Raymond James | Outperform to Strong-Buy | $137.00 to $146.00 |
| 2015-12-01 | Upgrade | Raymond James Financial Inc. | Outperform to Strong-Buy | $137.00 to $146.00 |
| 2015-11-13 | Lower Price Target | Citigroup Inc. | $136.00 to $128.00 | |
| 2015-11-09 | Credit Suisse | Focus List to Outperform | $135.00 | |
| 2015-11-06 | Boost Price Target | Raymond James | Outperform | $132.00 to $137.00 |
| 2015-11-06 | Lower Price Target | Barclays | Overweight | $113.00 to $107.00 |
| 2015-11-03 | Boost Price Target | Deutsche Bank | $132.00 to $134.00 | |
| 2015-10-15 | Lower Price Target | KLR Group | $145.00 to $130.00 | |
| 2015-10-14 | Reiterated Rating | Barclays | Buy | $112.00 to $113.00 |
| 2015-10-14 | Reiterated Rating | Deutsche Bank | Buy | $128.00 to $132.00 |
| 2015-10-08 | Boost Price Target | RBC Capital | Outperform | $138.00 to $140.00 |
| 2015-10-08 | Boost Price Target | Royal Bank Of Canada | Outperform | $138.00 to $140.00 |
| 2015-10-06 | Downgrade | SunTrust | Buy to Neutral | $139.00 to $115.00 |
| 2015-09-14 | Lower Price Target | Citigroup Inc. | Buy | $148.00 to $141.00 |
| 2015-09-11 | Lower Price Target | Jefferies Group | $127.00 | |
| 2015-09-11 | Downgrade | Goldman Sachs | Buy to Neutral | $145.00 to $123.00 |
| 2015-09-11 | Downgrade | Goldman Sachs Group Inc. | Buy to Neutral | $145.00 to $123.00 |
| 2015-09-09 | Reiterated Rating | Deutsche Bank | Buy | |
| 2015-09-08 | Reiterated Rating | Barclays | Overweight | $110.00 to $112.00 |
| 2015-09-02 | Reiterated Rating | SunTrust | Buy | |
| 2015-09-01 | Boost Price Target | SunTrust | $131.00 to $139.00 | |
| 2015-08-24 | Lower Price Target | Bank of America | Buy | $143.00 to $135.00 |
| 2015-08-24 | Lower Price Target | Bank of America Corp. | Buy | $143.00 to $135.00 |
| 2015-08-13 | Downgrade | Global Hunter Securities | Buy to Neutral | $125.00 to $120.00 |
| 2015-08-13 | Downgrade | Seaport Global Securities | Buy to Neutral | $125.00 to $120.00 |
| 2015-07-22 | Upgrade | Credit Suisse | Neutral to Outperform | |
| 2015-07-21 | Lower Price Target | Global Hunter Securities | Buy | $150.00 to $125.00 |
| 2015-07-21 | Lower Price Target | Seaport Global Securities | Buy | $150.00 to $125.00 |
| 2015-07-14 | Reiterated Rating | Barclays | Buy | |
| 2015-07-14 | Reiterated Rating | KeyBanc | Buy | $145.00 to $135.00 |
| 2015-07-13 | Reiterated Rating | Barclays | Buy | $111.00 to $110.00 |
| 2015-07-07 | Lower Price Target | Jefferies Group | $138.00 | |
| 2015-07-07 | Upgrade | BMO Capital Markets | Top Pick | |
| 2015-06-24 | Lower Price Target | SunTrust | Buy | $157.00 to $146.00 |
| 2015-06-17 | Upgrade | Citigroup Inc. | Neutral to Buy | |
| 2015-06-04 | Boost Price Target | Deutsche Bank | Buy | $132.00 to $140.00 |
| 2015-06-03 | Boost Price Target | Barclays | Overweight | $106.00 to $111.00 |
| 2015-06-02 | Initiated Coverage | Evercore Partners Inc. | Buy | $150.00 |
| 2015-06-01 | Initiated Coverage | Evercore ISI | Buy | $150.00 |
| 2015-05-22 | Initiated Coverage | GMP Securities | Buy | $148.00 |
| 2015-05-19 | Reiterated Rating | Goldman Sachs | Buy | $133.00 to $157.00 |
| 2015-05-09 | Reiterated Rating | KLR Group | Accumulate | $143.00 to $145.00 |
| 2015-05-06 | Boost Price Target | RBC Capital | Outperform | $138.00 to $143.00 |
| 2015-04-24 | Reiterated Rating | Jefferies Group | Buy | $133.00 to $145.00 |
| 2015-04-22 | Initiated Coverage | Nomura | Buy | $149.00 |
| 2015-04-20 | Downgrade | KLR Group | Buy to Accumulate | |
| 2015-04-15 | Boost Price Target | SunTrust | Buy | $137.00 to $151.00 |
| 2015-04-15 | Downgrade | Macquarie | Outperform to Neutral | |
| 2015-04-15 | Downgrade | Goldman Sachs | Buy to Neutral | |
| 2015-04-09 | Boost Price Target | Citigroup Inc. | Neutral | $100.00 to $125.00 |
| 2015-04-06 | Boost Price Target | Deutsche Bank | Buy | $123.00 to $132.00 |
| 2015-03-19 | Reiterated Rating | Deutsche Bank | Buy | $120.00 to $123.00 |
| 2015-03-03 | Boost Price Target | Barclays | Overweight | $104.00 to $106.00 |
| 2015-02-17 | Initiated Coverage | Wolfe Research | Outperform | $130.00 |
| 2015-02-06 | Initiated Coverage | Jefferies Group | Buy | |
| 2015-02-03 | Upgrade | Stifel Nicolaus | Hold to Buy | |
| 2015-02-03 | Downgrade | RBC Capital | Top Pick to Outperform | $130.00 to $138.00 |
| 2015-02-02 | Lower Price Target | Howard Weil | Sector Outperform | $122.00 to $121.00 |
| 2015-01-14 | Lower Price Target | Barclays | Overweight | $121.00 to $104.00 |
| 2015-01-07 | Downgrade | Citigroup Inc. | Buy to Neutral | |
| 2015-01-06 | Boost Price Target | Wunderlich | Hold | $81.00 to $89.00 |
| 2015-01-06 | Reiterated Rating | JPMorgan Chase & Co. | Hold | $99.00 to $102.00 |
| 2015-01-06 | Reiterated Rating | Deutsche Bank | Buy | $125.00 to $120.00 |
| 2015-01-06 | Lower Price Target | Canaccord Genuity | Buy | $140.00 to $118.00 |
| 2014-12-16 | Lower Price Target | Barclays | Overweight | $140.00 to $121.00 |
| 2014-12-09 | Upgrade | Macquarie | Neutral to Outperform | $143.00 to $113.00 |
| 2014-12-08 | Reiterated Rating | Citigroup Inc. | Buy | $150.00 to $115.00 |
| 2014-11-07 | Reiterated Rating | Barclays | Overweight | $152.00 to $140.00 |
| 2014-11-06 | Reiterated Rating | Citigroup Inc. | Buy | $160.00 to $150.00 |
| 2014-11-06 | Boost Price Target | RBC Capital | Outperform | $155.00 to $160.00 |
| 2014-10-27 | Downgrade | Stifel Nicolaus | Buy to Hold | |
| 2014-10-22 | Reiterated Rating | Wunderlich | Hold | $137.00 to $103.00 |
| 2014-10-09 | Reiterated Rating | Barclays | Overweight | $172.00 to $152.00 |
| 2014-10-09 | Reiterated Rating | KeyBanc | Buy | $160.00 to $150.00 |
| 2014-09-08 | Lower Price Target | Raymond James | $172.00 to $169.00 | |
| 2014-09-02 | Boost Price Target | Stifel Nicolaus | Buy | $115.00 to $170.00 |
| 2014-08-27 | Boost Price Target | Canaccord Genuity | $174.00 to $179.00 | |
| 2014-08-12 | Initiated Coverage | Canaccord Genuity | Accumulate to Buy | $176.00 to $185.00 |
| 2014-08-12 | Upgrade | KLR Group | Accumulate to Buy | $9.00 to $185.00 |
| 2014-08-11 | Upgrade | Stephens | Equal Weight to Overweight | $134.00 to $165.00 |
| 2014-08-08 | Lower Price Target | Barclays | $173.00 to $172.00 | |
| 2014-08-08 | Reiterated Rating | Raymond James | Outperform | $177.00 to $172.00 |
| 2014-08-08 | Downgrade | Howard Weil | Focus Stock to Sector Outperform | |
| 2014-07-23 | Boost Price Target | Barclays | $153.00 to $173.00 | |
| 2014-07-18 | Reiterated Rating | Deutsche Bank | Buy | $140.00 to $162.00 |
| 2014-07-11 | Boost Price Target | SunTrust | $159.00 to $175.00 | |
| 2014-07-10 | Boost Price Target | Howard Weil | Focus Stock | $157.00 to $167.00 |
| 2014-07-02 | Boost Price Target | RBC Capital | Top Pick | $148.00 to $170.00 |
| 2014-07-01 | Initiated Coverage | Canaccord Genuity | Buy | $163.00 |
| 2014-06-19 | Boost Price Target | SunTrust | $151.00 to $159.00 | |
| 2014-05-23 | Boost Price Target | Barclays | Overweight | $140.00 to $153.00 |
| 2014-05-14 | Boost Price Target | Citigroup Inc. | Buy | $130.00 to $160.00 |
| 2014-05-13 | Downgrade | Wunderlich | Buy to Hold | $147.00 to $137.00 |
| 2014-05-13 | Boost Price Target | KLR Group | $6.00 to $156.00 | |
| 2014-05-13 | Boost Price Target | Deutsche Bank | Buy | $137.00 to $140.00 |
| 2014-05-06 | Downgrade | Societe Generale | Buy to Hold | $125.00 to $137.00 |
| 2014-04-23 | Boost Price Target | Raymond James | $140.00 to $155.00 | |
| 2014-04-21 | Downgrade | KLR Group | Buy to Accumulate | |
| 2014-04-17 | Reiterated Rating | KeyBanc | Buy | $140.00 |
| 2014-04-02 | Boost Price Target | SunTrust | $149.00 to $151.00 | |
| 2014-04-01 | Boost Price Target | Deutsche Bank | $135.00 to $137.00 | |
| 2014-03-28 | Boost Price Target | Cowen and Company | $120.00 to $140.00 | |
| 2014-02-25 | Boost Price Target | Ladenburg Thalmann | Buy | $135.00 to $150.00 |
| 2014-02-25 | Boost Price Target | Imperial Capital | $118.00 to $130.00 | |
| 2014-02-20 | Reiterated | UBS | Neutral | $112 to $123 |
| 2014-02-20 | Reiterated Rating | Deutsche Bank | Buy | $119.00 to $135.00 |
| 2014-02-10 | Boost Price Target | Imperial Capital | $116.00 to $118.00 | |
| 2014-02-07 | Boost Price Target | BMO Capital Markets | $110.00 to $125.00 | |
| 2014-02-03 | Boost Price Target | Barclays | Overweight | $136.00 to $138.00 |
| 2014-01-08 | Upgrade | Howard Weil | Outperform to Focus Stock | $137.00 |
| 2013-12-09 | Reiterated Rating | Deutsche Bank | Buy | $130.00 to $119.00 |
| 2013-11-26 | Boost Price Target | Imperial Capital | Outperform | $111.00 to $116.00 |
| 2013-11-19 | Reiterated Rating | Deutsche Bank | Buy | $130.00 |
| 2013-11-18 | Boost Price Target | Goldman Sachs | Buy | $130.00 to $141.00 |
| 2013-11-18 | Reiterated Rating | Citigroup Inc. | Buy | $120.00 to $130.00 |
| 2013-11-11 | Upgrade | Canaccord Genuity | Hold to Buy | $101.00 to $130.00 |
| 2013-11-11 | Boost Price Target | Deutsche Bank | Buy | $125.00 to $130.00 |
| 2013-11-08 | Boost Price Target | Wunderlich | Buy | $128.00 to $138.00 |
| 2013-11-08 | Boost Price Target | Raymond James | Outperform | $128.00 to $138.00 |
| 2013-11-08 | Boost Price Target | Howard Weil | Sector Outperform | $134.00 to $139.00 |
| 2013-11-08 | Reiterated Rating | Barclays | Buy | $136.00 |
| 2013-11-08 | Upgrade | KLR Group | Accumulate to Buy | |
| 2013-11-08 | Upgrade | SunTrust | Neutral to Buy | $110.00 to $145.00 |
| 2013-10-21 | Boost Price Target | Barclays | Overweight | $110.00 to $136.00 |
| 2013-10-17 | Upgrade | Iberia Capital | Sector Perform to Outperform | |
| 2013-10-14 | Lower Price Target | Raymond James | Outperform | $129.00 to $128.00 |
| 2013-10-10 | Boost Price Target | Wunderlich | Buy | $119.00 to $128.00 |
| 2013-10-10 | Boost Price Target | Cowen and Company | Outperform | $100.00 to $120.00 |
| 2013-10-07 | Downgrade | Stephens | Overweight to Equal Weight | |
| 2013-10-04 | Boost Price Target | SunTrust | Neutral | $52.00 to $58.00 |
| 2013-10-02 | Reiterated Rating | Canaccord Genuity | Hold | $100.00 |
| 2013-10-02 | Boost Price Target | Societe Generale | Buy | $110.00 to $125.00 |
| 2013-09-23 | Boost Price Target | Deutsche Bank | Buy | $120.00 to $125.00 |
| 2013-09-10 | Initiated | Canaccord Genuity | Buy | $100 |
| 2013-05-06 | Reiterated | Imperial Capital | Outperform | $108 to $100 |
| 2013-03-27 | Reiterated | Howard Weil | Sector Outperform | $127 to $134 |
| 2013-03-22 | Reiterated | Deutsche Bank | Buy | $116 to $120 |
| 2016-07-06 | Reiterated Rating | Canaccord Genuity | Hold | |
| 2016-06-29 | Reiterated Rating | Morgan Stanley | Overweight | |
| 2016-06-14 | Boost Price Target | Deutsche Bank | Buy | $132.00 to $140.00 |
| 2016-06-14 | Boost Price Target | Deutsche Bank AG | Buy | $132.00 to $140.00 |
| 2016-06-13 | Upgrade | Morgan Stanley | Equal Weight to Overweight | $83.00 to $173.00 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In CXO 60 funds of 2213 total. Show all
| Fund name | Ticker shares |
|---|---|
| BlackRock Institutional Trust Company, N.A. | 3.83M |
| TIAA CREF INVESTMENT MANAGEMENT LLC | 3.17M |
| BlackRock Fund Advisors | 2.87M |
| TEACHERS ADVISORS INC | 1.78M |
| Standard Life Investments LTD | 1.52M |
| BlackRock Group LTD | 1.37M |
| BLACKROCK ADVISORS LLC | 0.68M |
| BlackRock Investment Management, LLC | 0.67M |
| JANUS CAPITAL MANAGEMENT LLC | 0.46M |
| BAIRD ROBERT W & CO INC /WI/ | 0.35M |
| MANAGED ACCOUNT ADVISORS LLC | 0.32M |
| OPPENHEIMER FUNDS INC | 0.31M |
| CAPITAL GUARDIAN TRUST CO | 0.29M |
| PEAK6 Investments, L.P. | 0.23M |
| BlackRock Japan Co. Ltd | 0.21M |
| Name Relationship | Total Shares | Holding stocks |
|---|---|---|
| LEACH TIMOTHY A Chairman, CEO and President | 0.62% (701727) | CXO / |
| Keenan W Howard JR | 0.34% (383151) | AR / CXO / GMET / |
| HARPER JACK F Senior VP and Chief of Staff | 0.10% (112185) | CXO / |
| Giraud C William Sr. VP, Gen. Counsel & Secy. | 0.10% (111192) | CXO / |
| Wright E Joseph SVP & Chief Operating Officer | 0.07% (83027) | CXO / |
| BEAL STEVEN L | 0.07% (75548) | CXO / FFIN / |
| Nelson Erick SVP of Ops and Production | 0.05% (62058) | CXO / |
| Hyde Matthew Glover Senior VP of Exploration | 0.05% (60417) | CXO / |
| Guthrie J Steve SVP of Bus Ops and Eng | 0.05% (51513) | CXO / |
| HOLDERNESS DARIN G Senior VP, CFO & Treasurer | 0.04% (45551) | CXO / PVA / |
| EASTER WILLIAM H III | 0.03% (37799) | BHI / CXO / DAL / SXL / |
| Burleson Gayle SVP of Business Development | 0.03% (33755) | CXO / |
| Puckett Mark B | 0.02% (26535) | CXO / |
| Counts Travis SVP, Gen Counsel and Corp Sec | 0.02% (23682) | CXO / |
| BRIDWELL TUCKER S | 0.02% (22267) | CXO / FFIN / HK / |
| Schroer Brenda R VP and CAO | 0.02% (22151) | CXO / |
| POAGE RAY M | 0.02% (20799) | CXO / |
| Moncrief Lee Price SVP of Finance and Strategy | 0.02% (20246) | CXO / |
| Pruett Steven H SVP of Corporate Development | 0.02% (20226) | CXO / KEG / LGCY / |
| Merriman Gary A | 0.01% (15779) | CXO / |
| Tabor A Wellford | 0.01% (14540) | CXO / |
| SURMA JOHN P | 0.01% (10899) | CXO / IR / MPC / MPLX / X / |
| McCormack Don O. VP & Chief Accounting Officer | 0.01% (7418) | CXO / EGY / ROSE / |
UM