Thursday, February 08, 2018 10:15 PM ET
Insiders at Concho Resources (CXO) Make Significant Stock Sales
A notable level of insider sales in Concho Resources was disclosed in form 4 documents filed with the SEC today. Two insiders — Timothy A Leach, Director and Officer, and E Joseph Wright, Director and Officer — sold 123,759 shares in the company having a market value of approximately $18,344,175. These are the first insider buy/sell trades in the past 90 days. Adding the most recent activity to this 90-day history indicates insider trades have averaged 61,880 shares per transaction.
Over the last 90 days, the number of insider buy/sell trades at Concho Resources is greater than its 196-company peer group average. The Oil & Gas Exploration and Production peer group saw 165 buy/sell trades during this period for an average of 0.8 transactions per company. However, the number of shares traded per transaction by Concho Resources insiders is lower than its peers. Within the peer group there were 44,493,481 shares purchased and 4,189,934 shares sold with company insiders acquiring 403,035 shares on average over this time period.
The data sourced in evaluating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.
Today’s Insider Activity
* Timothy A Leach, Director and Officer, sold 40,000 shares
* E Joseph Wright, Director and Officer, sold 83,759 shares
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