November 23, 2016 - By Clifton Ray
Ocm Exco Holdings – Llc, is the insider of Exco Resources Inc, about which our team want to inform you about. Ocm Exco Holdings – Llc submitted a legally required form with the Washington-based SEC informing the public of a transaction for 7,000,000 shares of the company. At the time of the legal trading transaction, the average stock market price per share of Exco Resources Inc was $1.1, making the transaction worth $7,910,000 U.S Dollars. This is a major stocks unloading, and one that is unlikely to stay undiscovered, as it decreased its ownership of the Company to 11.30% market capitalization, for a total of 30.78 million shares.
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. RBC Capital Markets maintained the shares of XCO in a report on Wednesday, October 21 with “Sector Perform” rating. On Friday, September 4 the stock rating was upgraded by Zacks to “Buy”.
Insitutional Activity: The institutional sentiment increased to 0.9 in 2016 Q2. 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.
Barclays Public Ltd Co has invested 0% of its portfolio in EXCO Resources Inc (NYSE:XCO). California State Teachers Retirement Sys last reported 0% of its portfolio in the stock. The Connecticut-based Tudor Investment Et Al has invested 0% in EXCO Resources Inc (NYSE:XCO). Teachers has 229,712 shares for 0% of their US portfolio. Strs Ohio holds 0.03% or 4.93 million shares in its portfolio. Amalgamated State Bank owns 15,318 shares or 0% of their US portfolio. Blackrock Management Ltd Co last reported 0% of its portfolio in the stock. Goldman Sachs Group Inc last reported 0% of its portfolio in the stock. Rhumbline Advisers holds 0% or 201,703 shares in its portfolio. Buckingham Asset Ltd, a Missouri-based fund reported 131,412 shares. The Delaware-based Blackrock Advisors Lc has invested 0% in EXCO Resources Inc (NYSE:XCO). Tradewinds Management Limited Liability Com owns 20,344 shares or 0.02% of their US portfolio. Essex Mgmt Ltd Liability Co holds 0.02% or 78,269 shares in its portfolio. Schwab Charles Investment Management accumulated 0% or 522,276 shares. Oakworth Capital accumulated 0% or 135 shares.
Insider Transactions: Since June 9, 2016, the stock had 0 insider purchases, and 7 selling transactions for $28.04 million net activity. Burnett Richard Alan had sold 32,839 shares worth $39,735 on Tuesday, July 5. HICKEY HAROLD L also sold $86,341 worth of EXCO Resources Inc (NYSE:XCO) on Tuesday, July 5. On Wednesday, August 10 OCM Principal Opportunities Fund IV Delaware – L.P. sold $9.25M worth of the stock or 7.40M shares. OCM EXCO Holdings – LLC sold $9.25 million worth of stock or 7.40 million shares. 7.40 million shares were sold by Oaktree Value Opportunities Fund Holdings – L.P., worth $9.25 million. Jameson Harold H had sold 29,799 shares worth $36,057.
The stock decreased 2.70% or $0.03 during the last trading session, hitting $1.08. About 1.02 million 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.
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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By Clifton Ray