EXCO Resources Inc (XCO) : Cyrus Capital Partners reduced its stake in EXCO Resources Inc by 93.92% during the most recent quarter end. The investment management company now holds a total of 518,766 shares of EXCO Resources Inc which is valued at $695,146 after selling 8,020,261 shares in EXCO Resources Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.EXCO Resources Inc makes up approximately 0.07% of Cyrus Capital Partners’s portfolio.
Other Hedge Funds, Including , Susquehanna International Group Llp boosted its stake in XCO in the latest quarter, The investment management firm added 112,302 additional shares and now holds a total of 270,801 shares of EXCO Resources Inc which is valued at $362,873.California Public Employees Retirement System boosted its stake in XCO in the latest quarter, The investment management firm added 230,600 additional shares and now holds a total of 1,742,167 shares of EXCO Resources Inc which is valued at $2,142,865. Greylin Investment Mangement Inc sold out all of its stake in XCO during the most recent quarter. The investment firm sold 89,600 shares of XCO which is valued $116,480.
EXCO Resources Inc (XCO) witnessed a volatile trading activity on Thursday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $1.01 and reached the intraday high at $1.08. The bulls started the profit booking and pushed the shares to intraday low of $0.98. The trading session was marked by a volume range of 49,84,222 shares exchanging hands. The 52-week high of the shares is $1.94 and the 52-week low is $0.5102. The market cap of the company stands at $288 M and there are 28,27,76,410 shares in public circulation.
On the company’s financial health, EXCO Resources Inc reported $-0.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $-0.07. The company had revenue of $54.00 million for the quarter.The company’s revenue was down -42.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.05 EPS.
EXCO Resources Inc. is an oil and natural gas company 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 Companys principal operations are conducted in certain United States oil and natural gas areas including Texas Louisiana and the Appalachia region. The Company focuses on the development of its core areas. This includes a portfolio of both oil and natural gas assets that provide the Company the optionality to allocate capital to enhance its returns under various commodity price environments. The Company holds acreage positions in three shale plays in the United States: East Texas and North Louisiana where it holds around 85300 net acres in the Haynesville and Bossier shales; South Texas where it holds approximately 52900 net acres in the Eagle Ford shale; and Appalachia where it holds around 157000 net acres prospective in the Marcellus shale.