EXCO Resources Inc Stock Set to Reverse Split on Tuesday, June 13th (XCO)

Shares of EXCO Resources Inc (NYSE:XCO) are set to reverse split before the market opens on Tuesday, June 13th. The 1-15 reverse split was announced on Thursday, June 1st. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, June 12th.

EXCO Resources (NYSE XCO) traded down 0.3510% during midday trading on Monday, reaching $0.3407. 763,368 shares of the company’s stock were exchanged. The stock’s market capitalization is $95.64 million. EXCO Resources has a 12-month low of $0.32 and a 12-month high of $1.43. The stock’s 50-day moving average is $0.42 and its 200-day moving average is $0.69.

EXCO Resources (NYSE:XCO) last released its quarterly earnings data on Tuesday, May 9th. The oil and natural gas company reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by $0.01. The firm had revenue of $69 million for the quarter. EXCO Resources’s revenue for the quarter was up 32.7% compared to the same quarter last year. During the same period last year, the company earned ($0.07) EPS. On average, equities analysts forecast that EXCO Resources will post ($0.04) earnings per share for the current year.

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In other news, CEO Harold L. Hickey sold 272,574 shares of the stock in a transaction on Thursday, March 23rd. The shares were sold at an average price of $0.60, for a total value of $163,544.40. Following the sale, the chief executive officer now owns 1,469,155 shares in the company, valued at $881,493. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Harold H. Jameson sold 147,617 shares of the stock in a transaction on Thursday, March 23rd. The stock was sold at an average price of $0.60, for a total transaction of $88,570.20. Following the completion of the sale, the chief operating officer now owns 604,568 shares in the company, valued at approximately $362,740.80. The disclosure for this sale can be found here. Insiders sold 473,595 shares of company stock worth $283,028 in the last quarter. Company insiders own 2.00% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in XCO. Bank of New York Mellon Corp raised its stake in EXCO Resources by 4.0% in the first quarter. Bank of New York Mellon Corp now owns 876,824 shares of the oil and natural gas company’s stock worth $544,000 after buying an additional 33,432 shares during the last quarter. Agur Provident & Training Funds Management Ltd. raised its stake in EXCO Resources by 2,239.4% in the first quarter. Agur Provident & Training Funds Management Ltd. now owns 1,203,260 shares of the oil and natural gas company’s stock worth $746,000 after buying an additional 1,151,826 shares during the last quarter. Geode Capital Management LLC raised its stake in EXCO Resources by 1.8% in the first quarter. Geode Capital Management LLC now owns 1,272,116 shares of the oil and natural gas company’s stock worth $788,000 after buying an additional 22,378 shares during the last quarter. State Street Corp raised its stake in EXCO Resources by 3.2% in the fourth quarter. State Street Corp now owns 2,959,047 shares of the oil and natural gas company’s stock worth $2,585,000 after buying an additional 92,693 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in EXCO Resources by 22.7% in the fourth quarter. Renaissance Technologies LLC now owns 4,372,000 shares of the oil and natural gas company’s stock worth $3,820,000 after buying an additional 807,600 shares during the last quarter. Hedge funds and other institutional investors own 62.16% 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “XCO”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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