Chairman, CEO and President of Concho Resources Inc. (CXO) Timothy A Leach sells 112,290 shares of CXO on 02/28/2011 at an average price of $106.59 a share.

Concho Resources Inc. has a market cap of $10.91 billion; its shares were traded at around $106.53 with a P/E ratio of 38.7 and P/S ratio of 11.2.

Hedge Fund Gurus that owns CXO: Eric Mindich of Eton Park Capital Management, L.P., George Soros of Soros Fund Management LLC, Steven Cohen of SAC Capital Advisors. Mutual Fund and Other Gurus that owns CXO: RS Investment Management, Ron Baron of Baron Funds, John Keeley of Keeley Fund Management, Jeremy Grantham of GMO LLC, Pioneer Investments, Chuck Royce of Royce& Associates.


This is the insider trade history vs. stock price of CXO. For the complete insider trading history of CXO, click here.

Directors and Officers Recent Trades:

• Sell: SVP & COO E Joseph Wright sold 49,903 shares of CXO stock on 01/03/2011 at the average price of 89.25. E Joseph Wright owns at least 210,035 shares after this. The price of the stock has increased by 19.36% since.
• Sell: See General Remarks Darin G Holderness sold 26,608 shares of CXO stock on 12/01/2010 at the average price of 83.28. Darin G Holderness owns at least 49,787 shares after this. The price of the stock has increased by 27.92% since.
• Sell: SVP-Engineering & Operations E Joseph Wright sold 100,000 shares of CXO stock on 12/01/2010 at the average price of 83.27. E Joseph Wright owns at least 210,035 shares after this. The price of the stock has increased by 27.93% since.
• Sell: Director Steven L Beal sold 250,000 shares of CXO stock on 11/15/2010 at the average price of 75.73. Steven L Beal owns at least 172,977 shares after this. The price of the stock has increased by 40.67% since.
• Sell: Director Steven L Beal sold 56,124 shares of CXO stock on 10/12/2010 at the average price of 67.59. Steven L Beal owns at least 422,977 shares after this. The price of the stock has increased by 57.61% since.

For the complete insider trading history of CXO, click here.

Why CEOs Are Buying Stocks Of Their Own Companies?

1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading

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