Strs Ohio held its stake in Exco Resources Inc. (NYSE:XCO) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,925,000 shares of the company’s stock at the end of the second quarter. Strs Ohio’s holdings in Exco Resources were worth $6,402,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the stock. Alpine Partners VI LLC acquired a new stake in Exco Resources during the first quarter worth approximately $101,000. National Planning Corp raised its stake in Exco Resources by 10.3% in the first quarter. National Planning Corp now owns 93,500 shares of the company’s stock worth $169,000 after buying an additional 8,700 shares during the period. Geode Capital Management LLC raised its stake in Exco Resources by 1.4% in the first quarter. Geode Capital Management LLC now owns 1,118,378 shares of the company’s stock worth $1,106,000 after buying an additional 15,479 shares during the period. Goldman Sachs Group Inc. raised its stake in Exco Resources by 55.1% in the first quarter. Goldman Sachs Group Inc. now owns 1,924,263 shares of the company’s stock worth $1,903,000 after buying an additional 683,540 shares during the period. Finally, Renaissance Technologies LLC raised its stake in Exco Resources by 37.3% in the first quarter. Renaissance Technologies LLC now owns 2,708,993 shares of the company’s stock worth $2,679,000 after buying an additional 735,793 shares during the period. Institutional investors own 64.93% of the company’s stock.
Exco Resources Inc. (NYSE:XCO) traded up 4.67% on Monday, reaching $1.12. The company’s stock had a trading volume of 1,310,901 shares. Exco Resources Inc. has a 12 month low of $0.51 and a 12 month high of $1.94. The firm’s market cap is $312.24 million. The firm’s 50 day moving average is $1.10 and its 200-day moving average is $1.17.
Exco Resources (NYSE:XCO) last posted its earnings results on Tuesday, August 2nd. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.02. The company had revenue of $54.22 million for the quarter, compared to the consensus estimate of $51.65 million. The business’s quarterly revenue was down 42.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.05) EPS. On average, equities research analysts anticipate that Exco Resources Inc. will post ($0.27) EPS for the current year.
Separately, Zacks Investment Research lowered Exco Resources from a “buy” rating to a “hold” rating in a research report on Wednesday, September 14th.
In other news, Director Principal Opportunities Fu Ocm sold 7,400,000 shares of Exco Resources stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $1.25, for a total transaction of $9,250,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Harold L. Hickey sold 71,356 shares of Exco Resources stock in a transaction on Tuesday, July 5th. The stock was sold at an average price of $1.21, for a total transaction of $86,340.76. Following the transaction, the chief executive officer now owns 1,207,183 shares in the company, valued at approximately $1,460,691.43. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.
About Exco Resources
EXCO Resources, Inc (EXCO) is an oil and natural gas company. The Company 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 operations are conducted in certain United States oil and natural gas areas, including Texas, Louisiana and the Appalachia region.
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