November 23, 2016 - By Michael Collier
The Chief Operating Officer of Exco Resources Inc, Harold Jameson has made a sudden trade in the Texas-based company that is amounting to $5,212 U.S. Dollars. As announced in the SEC public document filed on November 23, 2016, Harold sold 4,738 shares at an average stock price per share of $1.1. Today, he holds 470,578 shares or exactly 0.17% of Exco Resources Inc’s market capitalization (total value of the shares outstanding).
Out of 2 analysts covering Exco Resources Inc. (NYSE:XCO), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. $1.25 is the highest target while $1 is the lowest. The $1.08 average target is 0.93% above today’s ($1.07) stock price. Exco Resources Inc. has been the topic of 3 analyst reports since August 19, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Zacks given on Friday, September 4. On Wednesday, October 21 the stock rating was maintained by RBC Capital Markets with “Sector Perform”.
Insitutional Activity: The institutional sentiment increased to 0.9 in 2016 Q2. Its up 0.23, from 0.67 in 2016Q1. The ratio is positive, as 18 funds sold all EXCO Resources Inc shares owned while 37 reduced positions. 14 funds bought stakes while 23 increased positions. They now own 182.58 million shares or 0.33% less from 183.19 million shares in 2016Q1.
State Bank Of America Corp De has 10,904 shares for 0% of their US portfolio. Messner Smith Theme Value Investment Limited Ca owns 1,000 shares or 0% of their US portfolio. Towerview Ltd Liability owns 289,500 shares or 0.17% of their US portfolio. Renaissance Llc last reported 2.71M shares in the company. Goldman Sachs Grp Inc Inc owns 310,596 shares or 0% of their US portfolio. Jefferies holds 0% or 25,700 shares in its portfolio. Retail Bank Of Ny Mellon holds 0% of its portfolio in EXCO Resources Inc (NYSE:XCO) for 999,339 shares. First Manhattan Communications, a New York-based fund reported 24,100 shares. Essex Management Comm Ltd Liability has 0.02% invested in the company for 78,269 shares. Paloma Prtn Mgmt holds 0% or 25,264 shares in its portfolio. Nationwide Fund has 92,223 shares for 0% of their US portfolio. Citadel Advsr Ltd Liability reported 210,144 shares or 0% of all its holdings. Cyrus Cap Partners L P has 518,766 shares for 0.06% of their US portfolio. Blackrock Institutional Trust Na last reported 0% of its portfolio in the stock. Moreover, California State Teachers Retirement has 0% invested in EXCO Resources Inc (NYSE:XCO) for 293,632 shares.
Insider Transactions: Since June 9, 2016, the stock had 0 insider buys, and 10 insider sales for $51.77 million net activity. Shares for $36,057 were sold by Jameson Harold H on Tuesday, July 5. OCM Principal Opportunities Fund IV Delaware – L.P. also sold $7.91M worth of EXCO Resources Inc (NYSE:XCO) on Friday, November 18. Oaktree Value Opportunities Fund Holdings – L.P. had sold 7.40 million shares worth $9.25 million. Shares for $7.91 million were sold by OCM EXCO Holdings – LLC. On Tuesday, July 5 HICKEY HAROLD L sold $86,341 worth of the stock or 71,356 shares. Burnett Richard Alan sold $128,995 worth of stock or 111,203 shares.
About 340,112 shares traded hands. EXCO Resources Inc (NYSE:XCO) has declined 18.80% since April 21, 2016 and is downtrending. It has underperformed by 24.13% the S&P500.
EXCO Resources, Inc. is an oil and natural gas company. The company has a market cap of $292.67 million. The Firm is engaged in the exploration, exploitation, acquisition, development and production of onshore United States oil and natural gas properties with a focus on shale resource plays. It currently has negative earnings. The Company’s principal activities are conducted in certain United States oil and natural gas areas, including Texas, Louisiana and the Appalachia region.
According to Zacks Investment Research, “EXCO Resources, Inc. is an independent oil and natural gas company engaged in the acquisition, development and exploitation of onshore North American oil and natural gas properties. EXCO targets acquisitions of onshore, North American oil and natural gas properties, with particular emphasis on Appalachia, Eastern and Western Texas, Mid Continent and the Rocky Mountain regions. The Company’s primary goal is to build value for our shareholders by acquiring quality properties and to enhance the value of assets through control of operations, property development and reduction of costs.”
Analysts await EXCO Resources Inc (NYSE:XCO) to report earnings on March, 7.
More recent EXCO Resources Inc (NYSE:XCO) news were published by: Fool.com which released: “EXCO Resources Inc. Stock is Up 11% Today: Here’s What Investors Need to Know” on June 20, 2016. Also Businesswire.com published the news titled: “EXCO Resources, Inc. Announces Tender Offer and Consent Solicitation to ..” on July 28, 2016. Businesswire.com‘s news article titled: “EXCO Resources, Inc. Announces Final Results and Expiration of its Tender ..” with publication date: August 24, 2016 was also an interesting one.
EXCO Resources, Inc. (EXCO), incorporated on October 17, 1955, is an oil and natural gas company. The Firm is engaged in the exploration, exploitation, acquisition, development and production of onshore United States oil and natural gas properties with a focus on shale resource plays. The Company’s principal activities are conducted in certain United States oil and natural gas areas, including Texas, Louisiana and the Appalachia region. The Firm holds acreage positions in approximately three shale plays in the United States, including East Texas and North Louisiana, South Texas and Appalachia. In East Texas and North Louisiana, the Company holds approximately 83,800 net acres in the Haynesville and Bossier shales. In South Texas, it holds approximately 65,800 net acres in the Eagle Ford shale. In Appalachia, the Company holds approximately 137,400 net acres prospective in the Marcellus shale.
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