Insider Filing: Harold Hickey, EXCO Resources Inc (NYSE:XCO)’s insider Sold 3,780 Shares

November 28, 2016 - By Richard Conner

Insider Filing: Harold Hickey, EXCO Resources Inc (NYSE:XCO)'s insider Sold 3,780 Shares

Harold Hickey Insider Sell

As disclosed in a legally required document filed with the Security and Exchange Commission on 28/11/2016, Harold Hickey an insider in Exco Resources Inc and currently CEO & President, sold shares worth $4,007 U.S. Dollars in the Pinksheet-listed company. He sold 3,780 shares, at average $1.1 per share. It seems he is very active lately as in the last month, he unloaded additional 6,822 shares of the company, worth $7,504 USD. Currently, Mr. Harold, has rights to 1.22 million shares, which accounts for 0.44% of the Company’s market capitalization.

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 2.86% above today’s ($1.05) 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 stock of EXCO Resources Inc (NYSE:XCO) 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 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, Barclays Public Limited Company has 0% invested in EXCO Resources Inc (NYSE:XCO) for 3,364 shares. Moreover, Credit Suisse Ag has 0% invested in EXCO Resources Inc (NYSE:XCO) for 201,784 shares. Brown Brothers Harriman has 0% invested in the company for 5,000 shares. Geode Management owns 1.11 million shares or 0% of their US portfolio. Blackrock Advisors Ltd Liability Company reported 75,036 shares or 0% of all its holdings. Nationwide Fund Advsr reported 92,223 shares or 0% of all its holdings. Jane Street Grp Ltd Liability last reported 0% of its portfolio in the stock. Kcg has invested 0% of its portfolio in EXCO Resources Inc (NYSE:XCO). Essex Invest Mngmt Ltd Llc last reported 78,269 shares in the company. Schwab Charles Management Inc owns 522,276 shares or 0% of their US portfolio. Tower Rech Lc (Trc) accumulated 12,269 shares or 0% of the stock. Ubs Asset Mngmt Americas reported 129,573 shares or 0% of all its holdings. Moreover, Tradewinds Cap Ltd Liability Co has 0.02% invested in EXCO Resources Inc (NYSE:XCO) for 20,344 shares. Fincl Bank Of Montreal Can has 0% invested in the company for 1.23 million shares. Commonwealth Equity Inc last reported 28,050 shares in the company.

Insider Transactions: Since June 9, 2016, the stock had 0 buys, and 11 insider sales for $51.78 million net activity. On Friday, November 18 Oaktree Value Opportunities Fund Holdings – L.P. sold $7.91 million worth of the stock or 7.00M shares. OCM EXCO Holdings – LLC sold $9.25 million worth of stock. Jameson Harold H also sold $5,212 worth of EXCO Resources Inc (NYSE:XCO) on Wednesday, November 23. Another trade for 7.00 million shares valued at $7.91 million was sold by OCM Principal Opportunities Fund IV Delaware – L.P. HICKEY HAROLD L had sold 71,356 shares worth $86,341 on Tuesday, July 5. $128,995 worth of EXCO Resources Inc (NYSE:XCO) was sold by Burnett Richard Alan on Thursday, June 9.

About 306,400 shares traded hands. EXCO Resources Inc (NYSE:XCO) has declined 20.15% since April 25, 2016 and is downtrending. It has underperformed by 26.16% the S&P500.

EXCO Resources, Inc. is an oil and natural gas company. The company has a market cap of $302.22 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 notable 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 with their article: “EXCO Resources, Inc. Announces Tender Offer and Consent Solicitation to ..” published on July 28, 2016, Businesswire.com published: “EXCO Resources, Inc. Announces Final Results and Expiration of its Tender ..” on August 24, 2016. More interesting news about EXCO Resources Inc (NYSE:XCO) were released by: Businesswire.com and their article: “EXCO Resources, Inc. Streamlines Board Of Directors With Concentrated Equity ..” published on May 24, 2016 as well as Businesswire.com‘s news article titled: “EXCO Resources, Inc. Reports Second Quarter 2016 Results” with publication date: August 02, 2016.

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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