Filing Coverage: Learn Why Howard Marks’s Oaktree Capital Management Lp Just Purchased Exco Resources Inc Stake?

Filing Coverage: Learn Why Howard Marks's Oaktree Capital Management Lp Just Purchased Exco Resources Inc Stake?

The New Howard Marks’s Oaktree Capital Management Lp Holding in Exco Resources Inc

Oaktree Capital Management Lp filed with the SEC SC 13D/A form for Exco Resources Inc. The form can be accessed here: 000095014216004816. As reported in Howard Marks’s Oaktree Capital Management Lp’s form, the filler as of late owns 10.9% or 30,859,932 shares of the Energy–company.

Exco Resources Inc stake is a new one for the for the hedge fund and it was filed because of activity on November 18, 2016. We feel this shows Howard Marks’s Oaktree Capital Management Lp’s positive view for the stock.

The hedge fund is active investor in the Energy sector. In the manager’s last 13-F, we saw 9% of Howard Marks’s Oaktree Capital Management Lp’s US equities portfolio is in this sector.

Exco Resources Inc Institutional Sentiment

Latest Security and Exchange filings show 119 investors own Exco Resources Inc. The institutional ownership in Q3 2015 is high, at 70.33% of the outstanding shares. This is decreased by 3199128 the total institutional shares. 198637092 were the shares owned by these institutional investors. In total 14 funds opened new Exco Resources Inc stakes, 27 increased stakes. There were 25 that closed positions and 45 reduced them.

2 managers had the stock in their top Ten. Notable investors are: Invesco Private Capital Inc., Fairfax Financial Holdings Ltd Can..

Towerview Llc is an institutional investor bullish on Exco Resources Inc, owning 289500 shares as of Q3 2015 for 0.11% of its portfolio. Goodhaven Capital Management Llc owns 44700 shares or 0.01% of its portfolio. A6 Fairfax Financial Holdings Ltd Can have 1.22% of their stock portfolio for 17538912 shares. Further, Cyrus Capital Partners Lp reported stake worth 0.68% of its US stock portfolio. The GA Invesco Private Capital Inc owns 51104050 shares. Exco Resources Inc is 7.94% of the manager’s US portfolio.

Business Profile

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.

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

Insitutional Activity: The institutional sentiment increased to 0.9 in Q2 2016. Its up 0.23, from 0.67 in 2016Q1. The ratio is positive, as 18 funds sold all EXCO Resources Inc shares owned while 37 reduced positions. 14 funds bought stakes while 23 increased positions. They now own 182.58 million shares or 0.33% less from 183.19 million shares in 2016Q1.

Buckingham Asset Mgmt Limited Liability Corp holds 0.06% or 131,412 shares in its portfolio. Kcg Hldg Inc accumulated 0% or 52,680 shares. Tudor Et Al accumulated 0% or 29,568 shares. Oakworth Cap holds 0% or 135 shares in its portfolio. Ubs Asset Management Americas, a Illinois-based fund reported 129,573 shares. Strs Ohio last reported 0.03% of its portfolio in the stock. Towerview Ltd Liability Corp holds 0.17% or 289,500 shares in its portfolio. Rhumbline Advisers has 0% invested in the company for 201,703 shares. Deutsche Bancorporation Ag accumulated 653,457 shares or 0% of the stock. Blackrock Advisors Ltd Llc has invested 0% of its portfolio in EXCO Resources Inc (NYSE:XCO). California State Teachers Retirement System last reported 0% of its portfolio in the stock. Raymond James Associates has 346,010 shares for 0% of their US portfolio. State Board Of Administration Of Florida Retirement Systems last reported 0% of its portfolio in the stock. Omers Administration Corporation, a Ontario – Canada-based fund reported 64,100 shares. First Manhattan has invested 0% of its portfolio in EXCO Resources Inc (NYSE:XCO).

Insider Transactions: Since June 9, 2016, the stock had 0 insider buys, and 7 selling transactions for $28.04 million net activity. On Tuesday, July 5 HICKEY HAROLD L sold $86,341 worth of the stock or 71,356 shares. Burnett Richard Alan also sold $128,995 worth of EXCO Resources Inc (NYSE:XCO) shares. OCM EXCO Holdings – LLC sold $9.25M worth of stock or 7.40 million shares. $9.25 million worth of EXCO Resources Inc (NYSE:XCO) was sold by Oaktree Value Opportunities Fund Holdings – L.P.. $36,057 worth of EXCO Resources Inc (NYSE:XCO) was sold by Jameson Harold H on Tuesday, July 5. 7.40 million EXCO Resources Inc (NYSE:XCO) shares with value of $9.25 million were sold by OCM Principal Opportunities Fund IV Delaware – L.P..

The stock decreased 2.70% or $0.03 during the last trading session, hitting $1.08. About 1.02M shares traded hands. EXCO Resources Inc (NYSE:XCO) has declined 5.93% since April 20, 2016 and is downtrending. It has underperformed by 10.49% the S&P500.

EXCO Resources, Inc. is an oil and natural gas company. The company has a market cap of $307.81 million. The Firm 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. It currently has negative earnings. The Company’s principal activities are conducted in certain United States oil and natural gas areas, including Texas, Louisiana and the Appalachia region.

EXCO Resources Inc (NYSE:XCO) Ratings Coverage

Out of 2 analysts covering Exco Resources Inc. (NYSE:XCO), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. $1.25 is the highest target while $1 is the lowest. The $1.08 average target is 0.00% above today’s ($1.08) stock price. Exco Resources Inc. has been the topic of 3 analyst reports since August 19, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Friday, September 4 by Zacks. The stock of EXCO Resources Inc (NYSE:XCO) has “Sector Perform” rating given on Wednesday, October 21 by RBC Capital Markets.

More recent EXCO Resources Inc (NYSE:XCO) news were published by: Fool.com which released: “EXCO Resources Inc. Stock is Up 11% Today: Here’s What Investors Need to Know” on June 20, 2016. Also Businesswire.com published the news titled: “EXCO Resources, Inc. Announces Tender Offer and Consent Solicitation to …” on July 28, 2016. Businesswire.com‘s news article titled: “EXCO Resources, Inc. Announces Final Results and Expiration of its Tender …” with publication date: August 24, 2016 was also an interesting one.

According to Zacks Investment Research, “EXCO Resources, Inc. is an independent oil and natural gas company engaged in the acquisition, development and exploitation of onshore North American oil and natural gas properties. EXCO targets acquisitions of onshore, North American oil and natural gas properties, with particular emphasis on Appalachia, Eastern and Western Texas, Mid Continent and the Rocky Mountain regions. The Company’s primary goal is to build value for our shareholders by acquiring quality properties and to enhance the value of assets through control of operations, property development and reduction of costs.”

XCO Company Profile

EXCO Resources, Inc. (EXCO), incorporated on October 17, 1955, is an oil and natural gas company. The Firm 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 activities are conducted in certain United States oil and natural gas areas, including Texas, Louisiana and the Appalachia region. The Firm 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.

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