Artisan Partners Limited Partnership Decreased Concho Res Inc (NYSE:CXO) Stake By $29.73 Million

February 14, 2018 - By Michael Pereira

Investors sentiment decreased to 0.99 in 2017 Q3. Its down 0.04, from 1.03 in 2017Q2. It is negative, as 43 investors sold CXO shares while 136 reduced holdings. 30 funds opened positions while 147 raised stakes. 137.75 million shares or 1.36% more from 135.90 million shares in 2017Q2 were reported. State Of Wisconsin Board reported 262,768 shares. Amundi Pioneer Asset Incorporated reported 67,300 shares. Ckw Fincl Group Incorporated owns 300 shares for 0.01% of their portfolio. Old Mutual Customised Solutions (Proprietary) holds 4,611 shares or 0.08% of its portfolio. Gabelli Funds holds 38,600 shares. Veritable L P holds 0.01% or 2,403 shares in its portfolio. Amf Pensionsforsakring holds 0.29% or 201,905 shares. Shine Investment Advisory Svcs reported 0.01% stake. Neuberger Berman Gru Lc holds 0.09% of its portfolio in Concho Resources Inc. (NYSE:CXO) for 557,400 shares. Royal Bancorp Of Canada invested 0.03% of its portfolio in Concho Resources Inc. (NYSE:CXO). Proshare Advsrs Limited Co has invested 0.04% in Concho Resources Inc. (NYSE:CXO). Stifel reported 4,428 shares. Aperio Grp Inc Ltd Liability Co has invested 0.03% in Concho Resources Inc. (NYSE:CXO). Meeder Asset invested in 214 shares. Frontier Com Llc, Massachusetts-based fund reported 277,336 shares.

Since January 2, 2018, it had 0 buys, and 1 sale for $603,480 activity.

Artisan Partners Limited Partnership decreased its stake in Concho Res Inc (NYSE:CXO) by 8.73% based on its latest 2017Q4 regulatory filing with the SEC. Artisan Partners Limited Partnership sold 198,226 shares as the company’s stock declined 5.25% while stock markets rallied. The institutional investor held 2.07 million shares of the oil & gas production company at the end of 2017Q4, valued at $311.43 million, down from 2.27M at the end of the previous reported quarter. Artisan Partners Limited Partnership who had been investing in Concho Res Inc for a number of months, seems to be less bullish one the $20.91B market cap company. The stock decreased 1.27% or $1.82 during the last trading session, reaching $141.66. About 1.18 million shares traded or 3.79% up from the average. Concho Resources Inc. (NYSE:CXO) has risen 13.53% since February 14, 2017 and is uptrending. It has underperformed by 3.17% the S&P500.

Artisan Partners Limited Partnership, which manages about $52.81 billion US Long portfolio, upped its stake in Tableau Software Inc (NYSE:DATA) by 601,637 shares to 4.35 million shares, valued at $300.75 million in 2017Q4, according to the filing. It also increased its holding in Novanta Inc () by 311,815 shares in the quarter, for a total of 768,546 shares, and has risen its stake in Neurocrine Biosciences Inc (NASDAQ:NBIX).

Artisan Partners Limited Partnership is a Wisconsin-based institutional investor with more than $105.00 billion AUM in March, 2014. Artisan Partners Limited Partnership is the 46th largest institutional investor in our database. Taken from Artisan Partners Limited latest Adv, the fund reported to have 264 full and part-time employees. Among which 65 performing investment advisory and research functions. The institutional investor had more than 200 clients.

Concho Resources Inc. (NYSE:CXO) Ratings Coverage

Among 27 analysts covering Concho Resources Inc. (NYSE:CXO), 16 have Buy rating, 0 Sell and 11 Hold. Therefore 59% are positive. Concho Resources Inc. has $206 highest and $100 lowest target. $151.62’s average target is 7.03% above currents $141.66 stock price. Concho Resources Inc. had 108 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Barclays Capital on Monday, November 20 with “Overweight”. Citigroup maintained the stock with “Buy” rating in Monday, May 16 report. Citigroup maintained it with “Buy” rating and $166 target in Thursday, July 13 report. The stock of Concho Resources Inc. (NYSE:CXO) has “Buy” rating given on Tuesday, June 14 by Deutsche Bank. Stifel Nicolaus downgraded the shares of CXO in report on Thursday, April 13 to “Buy” rating. JP Morgan maintained the stock with “Overweight” rating in Monday, August 15 report. Jefferies maintained the stock with “Buy” rating in Thursday, November 2 report. The firm has “Buy” rating by Citigroup given on Monday, September 14. On Tuesday, July 18 the stock rating was maintained by Cowen & Co with “Hold”. The stock of Concho Resources Inc. (NYSE:CXO) has “Buy” rating given on Thursday, August 11 by Citigroup.

Concho Resources Inc., an independent oil and natural gas company, engages in the acquisition, development, exploration, and production of oil and natural gas properties in the United States. The company has market cap of $20.91 billion. The company's principal operating areas are located in the Permian Basin of southeast New Mexico and west Texas. It has a 37.19 P/E ratio. As of December 31, 2016, its total estimated proved reserves were 720.0 million barrels of oil equivalent.

More recent Concho Resources Inc. (NYSE:CXO) news were published by: Gurufocus.com which released: “T Boone Pickens Buys Antero Midstream GP LP, Continental Resources Inc …” on February 13, 2018. Also Gurufocus.com published the news titled: “Concho Resources Inc (CXO) Chairman and CEO Timothy A Leach Sold $5.9 million …” on February 09, 2018. Prnewswire.com‘s news article titled: “What’s Happening with these Oil & Gas Drilling & Exploration Stocks? — Concho …” with publication date: February 13, 2018 was also an interesting one.

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