The SVP, CFO & Treas of Concho Resources (NYSE: CXO) is Buying Shares

Today, the SVP, CFO & Treas of Concho Resources (CXOResearch Report), Brenda Schroer, bought shares of CXO for $104.5K.

In addition to Brenda Schroer, 5 other CXO executives reported Buy trades in the last month. Following this transaction Brenda Schroer’s holding in the company was increased by 4.46% to a total of $2.45 million.

See today’s analyst top recommended stocks >>

Based on Concho Resources’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.13 billion and GAAP net loss of $97 million. In comparison, last year the company earned revenue of $945 million and had a net profit of $136 million. The company has a one-year high of $160.81 and a one-year low of $63.92. CXO’s market cap is $14.4B and the company has a P/E ratio of 28.33.

11 different firms, including Citigroup and J.P. Morgan, currently also have a Buy rating on the stock.

The insider sentiment on Concho Resources has been positive according to 59 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Brenda Schroer’s trades have generated a -8.4% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Concho Resources, Inc. engages in the acquisition, development and exploration of oil and natural gas properties. Its operations include Delaware Basin, and Midland Basin. The company was founded on February 22, 2006 and is headquartered in Midland, TX.