November 23, 2016 - By Michael Collier
The insider of Exco Resources Inc, Ocm Principal Opportunities Fund Iv Delaware – L.P. unloaded 7,000,000 shares of the Pinksheet-listed Exco Resources Inc based on the avg market share price which was $1.1 for every share. Ocm Principal Opportunities Fund Iv Delaware – L.P.’s shares had a value of close to $7,910,000 USD. Ocm Principal Opportunities Fund Iv Delaware – L.P. right now possess 30.78 million shares or 11.30% of Exco Resources Inc’s market cap. The document was made public in a filing dated November 22, 2016 with the SEC.
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 EXCO Resources Inc (NYSE:XCO) on Wednesday, October 21 with “Sector Perform” rating. The firm has “Buy” rating given on Friday, September 4 by Zacks.
Insitutional Activity: The institutional sentiment increased to 0.9 in Q2 2016. 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.
Metropolitan Life Ins New York owns 124,047 shares or 0% of their US portfolio. Invesco Limited reported 859,777 shares or 0% of all its holdings. D E Shaw & Inc owns 2.62 million shares or 0.01% of their US portfolio. Schwab Charles Invest has 522,276 shares for 0% of their US portfolio. Oaktree Mgmt Limited Partnership, a California-based fund reported 45.17 million shares. The Texas-based Teacher Retirement Of Texas has invested 0% in EXCO Resources Inc (NYSE:XCO). The California-based Natl Planning has invested 0.05% in EXCO Resources Inc (NYSE:XCO). Ameritas Inv Partners Inc has 14,704 shares for 0% of their US portfolio. Northern Trust Corp owns 1.52 million shares or 0% of their US portfolio. California State Teachers Retirement Sys owns 293,632 shares or 0% of their US portfolio. Cyrus Capital Prtn Ltd Partnership last reported 0.06% of its portfolio in the stock. The California-based Wells Fargo And Mn has invested 0% in EXCO Resources Inc (NYSE:XCO). Loeb Partners Corp last reported 0% of its portfolio in the stock. Omers Administration has 64,100 shares for 0% of their US portfolio. Jfs Wealth, a Pennsylvania-based fund reported 100 shares.
Insider Transactions: Since June 9, 2016, the stock had 0 buys, and 7 selling transactions for $28.04 million net activity. 7.40 million EXCO Resources Inc (NYSE:XCO) shares with value of $9.25M were sold by OCM EXCO Holdings – LLC. $86,341 worth of EXCO Resources Inc (NYSE:XCO) shares were sold by HICKEY HAROLD L. Jameson Harold H sold $36,057 worth of stock. Burnett Richard Alan sold 111,203 shares worth $128,995. On Wednesday, August 10 the insider Oaktree Value Opportunities Fund Holdings – L.P. sold $9.25M. 7.40M shares were sold by OCM Principal Opportunities Fund IV Delaware – L.P., worth $9.25M on Wednesday, August 10.
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.
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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