EXCO Resources Inc. (NYSE:XCO) is Attracting Smart Money

0
20

 

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), EXCO Resources Inc. (NYSE:XCO) reported that Energy Strategic Advisory Services Llc. has picked up 6,241,021 of common stock as of 2017-06-15.

The acquisition brings the aggregate amount owned by Energy Strategic Advisory Services Llc. to a total of 6,241,021 representing a 26.1% stake in the company.

For those not familiar with the company, 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. The Company holds acreage positions in approximately three shale plays in the United States, including East Texas and North Louisiana, South Texas and Appalachia. In East Texas and North Louisiana, the Company holds approximately 83,800 net acres in the Haynesville and Bossier shales. In South Texas, it holds approximately 65,800 net acres in the Eagle Ford shale. In Appalachia, the Company holds approximately 137,400 net acres prospective in the Marcellus shale.

A glance at EXCO Resources Inc. (NYSE:XCO)’s key stats reveals a current market capitalization of $69.54 Million based on $18.89 Million shares outstanding and a price at last close of $4.17 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2015-12-31, Wilder picked up 8,111 at a purchase price of $1.17. This brings their total holding to 18,346,483 as of the date of the filing.

On the sell side, the most recent transaction saw Jameson unload 5,200 shares at a sale price of $0.40. This brings their total holding to 451,751.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an EXCO Resources Inc. (NYSE:XCO) as things move forward to see if its progress aligns with these transactions.

Subscribe below and we’ll keep you on top of what’s happening before it moves markets.