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Concho Resources Inc. (CXO)

Jan 15, 2021 - CXO was delisted after being acquired by COP
Stock Price: $65.60 USD -4.20 (-6.02%)
Updated Jan 15, 2021 4:00 PM EST
Market Cap 12.88B
Revenue (ttm) 3.48B
Net Income (ttm) -10.24B
Shares Out 196.71M
EPS (ttm) -52.27
PE Ratio n/a
Forward PE 15.58
Dividend $0.80
Dividend Yield 1.22%
Trading Day Jan 15, 2021
Last Price $65.60
Previous Close $69.80
Change ($) -4.20
Change (%) -6.02%
Day's Open -
Day's Range 64.60 - 68.82
Day's Volume 0
52-Week Range 35.58 - 86.81

News

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The Motley Fool - 1 month ago

$50 oil changes the game for many producers.

Other stocks mentioned: COP, CVX, DVN
PRNewsWire - 1 month ago

NEW YORK, Jan. 15, 2021 /PRNewswire/ -- S&P MidCap 400 constituent Trimble Inc. (NASD:TRMB) will replace Concho Resources Inc. (NYSE:CXO) in the S&P 500, S&P SmallCap 600 constituent YETI Hold...

Other stocks mentioned: YETI
InvestorPlace - 1 month ago

For two centuries oil has been a key commodity around the world. But a major shift is underway.

Other stocks mentioned: BP, CVX, EOG, HFC, VLO, RDS.A, RDS.B
Seeking Alpha - 1 month ago

Today, there are many bubble stocks of companies working on new technology and new products. Many investors already avoid these stocks. But which stocks of established companies should be avoi...

Other stocks mentioned: DLAKY, EOG, IBM, JAPSY, SU, VLO
Zacks Investment Research - 2 months ago

Big energy companies, such as Chevron (CVX), Pioneer Natural (PXD), ConocoPhillips (COP), Cenovus Energy (CVE) and Devon Energy (DVN) recently acquired smaller firms with attractive asset bases.

Other stocks mentioned: COP, CVE, CVX, DVN, PE, PXD, WPX
The Motley Fool - 2 months ago

This past year has been a brutal one for oil stocks.

Other stocks mentioned: COP, CVX, PE, PXD, XOM
GuruFocus - 2 months ago

I don't spend much time in junkyards. But in the stock market, I love to look at stocks that have been battered and discarded.

Other stocks mentioned: CCL, CLR, MPC, MRO, NCLH, OXY
Zacks Investment Research - 2 months ago

Concho Resources (CXO) could produce exceptional returns because of its solid growth attributes.

Business Wire - 2 months ago

HOUSTON--(BUSINESS WIRE)--ConocoPhillips Commences Exchange Offers and Concho Resources Inc. Commences Consent Solicitations

Other stocks mentioned: COP
Zacks Investment Research - 3 months ago

With several vaccines in development seeing success, the outlook for the overall energy market is getting brighter. EOG, SLB, MTDR & CXO are thus well poised to gain.

Other stocks mentioned: BP, EOG, MTDR, SLB
Zacks Investment Research - 3 months ago

Improving oil prices are definitely a boon for Permian explorers like Devon (DVN), Diamondback (FANG), Concho (CXO) and Matador (MTDR).

Other stocks mentioned: DVN, FANG, MRNA, MTDR, PFE
Seeking Alpha - 3 months ago

Concho Resources has better management. Concho Resources has more profitable acreage.

Business Wire - 4 months ago

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Concho R...

Other stocks mentioned: COP
Zacks Investment Research - 4 months ago

As part of its strategic moves to reduce costs and boost margins, Concho (CXO) succeeds in trimming its controllable expenses by 27% year over year to $7.06 per Boe in Q3.

Zacks Investment Research - 4 months ago

Concho Resources (CXO) delivered earnings and revenue surprises of 25.44% and -10.01%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the ...

Business Wire - 4 months ago

MIDLAND, Texas--(BUSINESS WIRE)--Concho Resources Inc. (NYSE: CXO) today announced third-quarter 2020 results, reporting a net loss of $61 million, or $0.31 per share. Adjusted net income (non...

Business Wire - 4 months ago

MIDLAND, Texas--(BUSINESS WIRE)--Concho Resources Inc. (NYSE: CXO) announced that its Board of Directors declared a quarterly dividend of $0.20 per share on the Company's outstanding common st...

Zacks Investment Research - 4 months ago

In the last-reported quarter, Concho Resources (CXO) beat the consensus mark due to better-than-expected daily production volumes.

Zacks Investment Research - 4 months ago

Big energy companies, such as Chevron (CVX), Pioneer Natural (PXD), ConocoPhillips (COP) and Devon Energy (DVN) have all recently acquired smaller firms with attractive asset bases.

Other stocks mentioned: COP, CVX, DVN, OXY, PE, PXD, WPX
The Motley Fool - 4 months ago

The third deal in less than a month could fuel even more consolidation.

Other stocks mentioned: PE, PXD, COP
Zacks Investment Research - 4 months ago

Concho Resources (CXO) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

PRNewsWire - 4 months ago

NEW YORK, Oct. 20, 2020 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm headquartered at the Empire State Building in Ne...

Newsfile Corp - 4 months ago

New York, New York--(Newsfile Corp. - October 21, 2020) - Rowley Law PLLC is investigating potential securities law violations by Concho Resources (NYSE: CXO) and its board of directors concer...

Other stocks mentioned: COP
PRNewsWire - 4 months ago

NEW YORK, Oct. 20, 2020 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating: Concho Resources Inc. (NYSE: CXO) concerning potential violations of...

Seeking Alpha - 4 months ago

ConocoPhillips Makes A Good Buy In Concho Resources

Other stocks mentioned: COP
PRNewsWire - 4 months ago

NEW YORK, Oct. 19, 2020 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Concho Resources Inc. ("CXO" ...

CNBC Television - 4 months ago

Sankey on ConocoPhillips-Concho deal: Responsible people believe consolidation is the right move

ConocoPhillips on Monday agreed to buy U.S. shale oil producer Concho Resources for $9.7 billion, as the energy sector continued to consolidate amid lower fuel prices and demand. Paul Sankey, ...

Other stocks mentioned: COP
Newsfile Corp - 4 months ago

New York, New York--(Newsfile Corp. - October 19, 2020) - The following statement is being issued by Levi & Korsinsky, LLP:To: All Persons or Entities who purchased Concho Resources ("Concho" ...

Other stocks mentioned: COP
The Motley Fool - 4 months ago

After shunning M&A for years, ConocoPhillips found a deal that checks all the boxes.

Other stocks mentioned: COP
24/7 Wall Street - 4 months ago

In a deal first rumored last week, ConocoPhillips (NYSE: COP) and Concho Resources Inc. (NYSE: CXO) on Monday announced a definitive agreement for an all-stock transaction valued at $9.7 billi...

Other stocks mentioned: COP
CNBC Television - 4 months ago

ConocoPhillips CEO on how $9.7 billion Concho deal could help further ESG strategy

ConocoPhillips announced Monday morning it will buy rival producer Concho Resources in an all-stock transaction valued at $9.7 billion. ConocoPhillips Chairman and CEO Ryan Lance joins "Squawk...

Other stocks mentioned: COP
Forbes - 4 months ago

With this deal, ConocoPhillips joins Chevron in sending a clear signal of its belief that, despite all the headwinds it has suffered throughout the course of 2020, the future for U.S. shale re...

Other stocks mentioned: COP
The Motley Fool - 4 months ago

The $9.7 billion all-stock deal makes Conoco a big player in the West Texas basin.

Other stocks mentioned: COP
CNN Business - 4 months ago

Despite the gloom-and-doom in the oil industry and the specter of a blue wave in Washington, ConocoPhillips is doubling down on crude by making a major acquisition.

Other stocks mentioned: COP
Business Wire - 4 months ago

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Concho Resources Inc. (NYSE: CXO) to ConocoPhillips is fair to Concho share...

Invezz - 4 months ago

In an announcement on Monday, ConocoPhillips (NYSE: COP) said it will acquire Concho Resources Inc (NYSE: CXO), a Permian-focused driller, for £7.46 billion. It will be the biggest shale deal ...

Other stocks mentioned: COP
Zacks Investment Research - 4 months ago

Energy companies including Equinor (EQNR), Chevron (CVX), Shell (RDS.A) and BP plc (BP) had their offshore operations hampered due to Hurricane Delta's landfall.

Other stocks mentioned: BP, COP, CVX, EQNR, MUR
CNBC Television - 4 months ago

ConocoPhillips buys Concho Resources for $9.7 billion in stock

ConocoPhillips announced Monday morning it will buy rival producer Concho Resources in an all-stock transaction valued at $9.7 billion. CNBC's "Squawk Box" crew reports.

Other stocks mentioned: COP
Reuters - 4 months ago

ConocoPhillips said on Monday it would buy Permian-focused driller Concho Resources Inc for $9.7 billion, the largest shale deal this year as oil and gas producers turn to consolidation to sur...

Other stocks mentioned: COP
Market Watch - 4 months ago

ConocoPhillips announced Monday a deal to buy share producer Concho Resources Inc. in an all-stock deal valued at $9.7 billion. Concho's stock is currently halted for news.

Other stocks mentioned: COP
Business Wire - 4 months ago

HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--ConocoPhillips to Acquire Concho Resources in All-Stock Transaction

Other stocks mentioned: COP
Market Watch - 4 months ago

The stock market has staged long rallies following the past nine presidential elections.

Other stocks mentioned: BKR, COP, DVN, FANG, MPC, PSX, PXD, VLO, WMB
Zacks Investment Research - 4 months ago

The steep drop in oil prices have forced the shale fraternity to scale back drilling activity and cut their capital budgets significantly.

Other stocks mentioned: CVX, FANG, MRO, XEC, XOM
Bloomberg Markets and Finance - 4 months ago

Why Conoco May Want to Buy Permian Basin Explorer Concho

Oct.14 -- ConocoPhillips is in talks to acquire rival Concho Resources Inc., according to people familiar with the matter. Bloomberg's Ed Hammond has more on "Bloomberg Markets: The Close.

Other stocks mentioned: COP
The Motley Fool - 4 months ago

The company is reportedly in talks to be acquired by ConocoPhillips.

Other stocks mentioned: COP
Benzinga - 4 months ago

America’s largest independent oil explorer, ConocoPhillips (NYSE: COP) is betting big on shale as it seeks to acquire rival Concho Resources Inc (NYSE: CXO), according to Bloomberg. What Happe...

Other stocks mentioned: COP
InvestorPlace - 4 months ago

Concho Resources (CXO) is seeing major gains to CXO stock on Wednesday following M&A news concerning ConocoPhillips (COP). The post M&A News: Concho Resources Stock Soars 13% on Possible Conoc...

Other stocks mentioned: COP
24/7 Wall Street - 4 months ago

In yet another one of those rumors that leave a lot of people scratching their heads, Bloomberg reported Wednesday morning that unnamed sources say that independent oil and gas producer Conoco...

Other stocks mentioned: COP
Market Watch - 4 months ago

ConocoPhillips is in talks to buy Concho Resources , Bloomberg News reported, citing people familiar with the matter. The report said the deal may come in the next weeks, and would represent a...

Other stocks mentioned: COP
The Motley Fool - 5 months ago

The urge to merge could grow stronger.

Other stocks mentioned: CPE, CVX, DVN, FANG, NBL, PE, PXD, WPX, XEC

About CXO

As of January 15, 2021, Concho Resources was acquired by ConocoPhillips. Concho Resources Inc., an independent oil and natural gas company, engages in the acquisition, development, and exploration of oil and natural gas properties in the United States. The company's principal operating areas are located in the Permian Basin of West Texas and southeast New Mexico. As of December 31, 2019, its estimated proved reserves totaled 1.0 billion barrels of oil equivalent. The company was founded in 2006 and is headquartered in Midland, Texas.

Industry
Oil & Gas E&P
IPO Date
Aug 3, 2007
CEO
Timothy Leach
Employees
1,453
Stock Exchange
NYSE
Ticker Symbol
CXO
Full Company Profile

Financial Performance

Financial Statements