Insider Activity: Reasons for Oaktree Value Opportunities Fund Holdings – L.P.’s Share Sale of EXCO Resources Inc (NYSE:XCO)’s Stock

November 23, 2016 - By Linda Rogers

Insider Activity: Reasons for Oaktree Value Opportunities Fund Holdings   L.P.'s Share Sale of EXCO Resources Inc (NYSE:XCO)'s Stock

Oaktree Value Opportunities Fund Holdings – L.P. Insider Buy

Exco Resources Inc’s insider Oaktree Value Opportunities Fund Holdings – L.P. on the November 22, 2016 unloaded a total of 7,000,000 shares of the Pinksheet-listed Exco Resources Inc with market value of roughly $7,910,000 U.S Dollars. This is based on an average price per share of $1.1 U.S Dollars. At the moment, Oaktree Value Opportunities Fund Holdings – L.P. has a total of 30.78 million shares or 11.30% of Exco Resources Inc’s total market cap. The stock transaction by Oaktree Value Opportunities Fund Holdings – L.P. – was dated on November 22, 2016 and made public in a SEC’s report available here.

EXCO Resources Inc (NYSE:XCO) Ratings Coverage

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 0.00% above today’s ($1.08) stock price. Exco Resources Inc. has been the topic of 3 analyst reports since August 19, 2015 according to StockzIntelligence Inc. On Friday, September 4 the stock rating was upgraded by Zacks to “Buy”. The rating was maintained by RBC Capital Markets on Wednesday, October 21 with “Sector Perform”.

Insitutional Activity: The institutional sentiment increased to 0.9 in Q2 2016. Its up 0.23, from 0.67 in 2016Q1. The ratio improved, 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.

Moreover, Jfs Wealth Advisors Llc has 0% invested in EXCO Resources Inc (NYSE:XCO) for 100 shares. Tradewinds Llc last reported 0.02% of its portfolio in the stock. Moreover, Pnc Services Grp has 0% invested in EXCO Resources Inc (NYSE:XCO) for 301,389 shares. The California-based California Pub Employees Retirement Sys has invested 0% in EXCO Resources Inc (NYSE:XCO). Proshare Llc holds 0% of its portfolio in EXCO Resources Inc (NYSE:XCO) for 17,127 shares. Vanguard Group Incorporated holds 11.59M shares or 0% of its portfolio. Oaktree Ltd Partnership accumulated 45.17M shares or 1.06% of the stock. The New York-based Brown Brothers Harriman And has invested 0% in EXCO Resources Inc (NYSE:XCO). Natl Bank Of America De accumulated 10,904 shares or 0% of the stock. Creative Planning holds 0% or 358,617 shares in its portfolio. National Bank & Trust Of Ny Mellon accumulated 0% or 999,339 shares. Blackrock Limited Liability owns 75,036 shares or 0% of their US portfolio. Nuveen Asset Ltd Liability Corporation accumulated 10,211 shares or 0% of the stock. Jane Street Group Limited Liability Company holds 0% of its portfolio in EXCO Resources Inc (NYSE:XCO) for 38,474 shares. The Pennsylvania-based Nationwide Fund Advsrs has invested 0% in EXCO Resources Inc (NYSE:XCO).

Insider Transactions: Since June 9, 2016, the stock had 0 buys, and 7 selling transactions for $28.04 million net activity. Burnett Richard Alan sold 32,839 shares worth $39,735. OCM EXCO Holdings – LLC had sold 7.40M shares worth $9.25 million. 7.40M shares with value of $9.25M were sold by Oaktree Value Opportunities Fund Holdings – L.P. on Wednesday, August 10. 71,356 shares were sold by HICKEY HAROLD L, worth $86,341 on Tuesday, July 5. Another trade for 7.40 million shares valued at $9.25M was made by OCM Principal Opportunities Fund IV Delaware – L.P. on Wednesday, August 10. On Tuesday, July 5 the insider Jameson Harold H sold $36,057.

The stock decreased 2.70% or $0.03 during the last trading session, hitting $1.08. About 1.02M 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 $307.81 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.”

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. Streetinsider.com‘s news article titled: “Form 4 EXCO RESOURCES INC For: Nov 18 Filed by: Oaktree Capital Group Holdings ..” with publication date: November 23, 2016 was also an interesting one.

XCO Company Profile

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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