Exco Resources Inc (XCO) Files Form 4 Insider Selling : Richard Alan Burnett Sells 111,203 Shares

Exco Resources Inc (XCO): Richard Alan Burnett , CFO & Chief Accounting Officer of Exco Resources Inc sold 111,203 shares on Jun 9, 2016. The Insider selling transaction was reported by the company on Jun 13, 2016 to the Securities and Exchange Commission. The shares were sold at $1.16 per share for a total value of $128,995.48 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 19, 2016, Harold H Jameson (Chief Operating Officer) sold 4,817 shares at $0.72 per share price.On Mar 15, 2016, William L Boeing (VP, General Counsel, Secretary) sold 75,000 shares at $1.61 per share price.Also, On Mar 9, 2016, Richard Alan Burnett (CFO & Chief Accounting Officer) sold 64,241 shares at $1.51 per share price.On Mar 9, 2016, Harold L Hickey (CEO & President) sold 28,215 shares at $1.51 per share price.

Shares of EXCO Resources Inc (XCO) ended Friday, Jun 10, 2016 session in red amid volatile trading. The shares closed down -0.09 points or -7.44% at $1.12 with 25,72,376 shares getting traded. Post opening the session at $1.17, the shares hit an intraday low of $1.09 and an intraday high of $1.19 and the price vacillated in this range throughout the day. The company has a market cap of $317 M and the number of outstanding shares has been calculated to be 28,26,49,210 shares. The 52-week high of EXCO Resources Inc is $1.94 and the 52-week low is $0.4763.

EXCO Resources Inc Money Flow Index Chart

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 Company’s 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.

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