The Online Investor
OLI Premium
Retiree Portfolio
Stock Option Ideas
Preferred Stock Newsletter
ChartZero.com
ChartZero

Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Mon., Aug. 29, 4:48 AM

Slide #13. Concho Resources Inc. Secondary Offering

Company: Concho Resources Inc. (NYSE:CXO)
Date announced: 8/15/2016
Shares Offered: 9,000,000
Date of Pricing: 8/15/2016
Price Per Share: $130.89
Secondary Offering Details: Concho Resources Inc. (NYSE:CXO) (the "Company") today announced the launch of an underwritten public offering of 9,000,000 shares of common stock. The underwriters will have an option to purchase up to an additional 1,350,000 shares of common stock from the Company. -updated 8/15- Concho Resources Inc. (NYSE:CXO) (the "Company") today announced that it has priced a public offering of 9,000,000 shares of its common stock for total gross proceeds (before underwriters' fees and estimated expenses) of approximately $1,178 million. The underwriters have an option for 30 days to purchase up to an additional 1,350,000 shares of common stock from the Company.

Concho Resources is an independent oil and natural gas company engaged in the acquisition, development, exploration and production of oil and natural gas properties. Co.'s three core operating areas include: New Mexico Shelf, where it primarily targets the Yeso, San Andres and Grayburg formations; Delaware Basin, where it primarily targets the oil-prone Bone Spring formation that includes three Bone Spring sandstone members and the Avalon shale and the Wolfcamp shale; and Midland Basin, where it primarily targets the Spraberry and Wolfcamp zones. As of Dec 31 2014, Co. had total proved reserves of 367.8 million barrels of oil and 1,534.1 billion cubic feet of natural gas.

CXO SEC Filing Email Alerts Service

Open the CXO Page at The Online Investor »

Company Name:  Concho Resources Inc
Website:  www.conchoresources.com
Sector:  Oil & Gas Exploration & Production
Number of ETFs Holding CXO:  62
Total Market Value Held by ETFs:  $817.62M
Total Market Capitalization:  $17.45B
% of Market Cap. Held by ETFs:  4.69%
 

Open the CXO Page at The Online Investor (in a new window) »

August 29, 2016    4:48 AM Eastern
Quotes delayed 20 minutes



Buy (3.43 out of 4)
67th percentile
(ranked higher than approx. 67% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite

Secondary Stock Offerings | www.TheOnlineInvestor.com | Copyright © 1998 - 2016, All Rights Reserved

Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes, powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.