Jennison Associates Has Boosted Mueller Wtr Prods (MWA) Stake; Concho Resources Inc. (CXO) Covered By 14 Bulls

Concho Resources Inc. (NYSE:CXO) Logo

Jennison Associates Llc increased Mueller Wtr Prods Inc (MWA) stake by 449.91% reported in 2018Q4 SEC filing. Jennison Associates Llc acquired 401,018 shares as Mueller Wtr Prods Inc (MWA)’s stock declined 0.76%. The Jennison Associates Llc holds 490,150 shares with $4.46 million value, up from 89,132 last quarter. Mueller Wtr Prods Inc now has $1.63 billion valuation. It closed at $10.29 lastly. It is up 3.40% since March 17, 2018 and is downtrending. It has underperformed by 7.77% the S&P500. Some Historical MWA News: 16/03/2018 – S&PGR Upgrades Mueller Water Products To ‘BB’; Outlook Stable; 07/05/2018 – MUELLER WATER PRODUCTS SEES YR NET SALES RISING 7%-9%; 08/05/2018 – MUELLER WATER PRODUCTS INC MWA.N : D.A. DAVIDSON RAISES TARGET PRICE TO TO $12.50 FROM $12; 18/04/2018 – Deprince Race & Zollo Buys New 1.4% Position in Mueller Water; 07/05/2018 – Mueller Water 2Q EPS 6c; 17/04/2018 – Mueller Water Products Announces Quarterly Dividend; 07/05/2018 – MUELLER WATER PRODUCTS INC MWA.N FY2018 REV VIEW $875.9 MLN — THOMSON REUTERS l/B/E/S; 16/05/2018 – DEEP ECO: Mueller Water May Be Pressured, Industry Down in April; 04/04/2018 – Moody’s says Anvil International, LLC’s $60 million add-on term loan will not impact its credit ratings; 15/03/2018 Echologics and Bell deliver IoT Smart City solution for water network leak detection in the City of Medicine Hat

Among 15 analysts covering Concho Resources (NYSE:CXO), 14 have Buy rating, 0 Sell and 1 Hold. Therefore 93% are positive. Concho Resources had 25 analyst reports since September 25, 2018 according to SRatingsIntel. As per Tuesday, January 29, the company rating was upgraded by Stephens. The rating was maintained by Wells Fargo on Wednesday, October 24 with “Outperform”. The firm has “Overweight” rating given on Wednesday, January 9 by Morgan Stanley. The firm has “Buy” rating given on Monday, December 10 by Seaport Global. The rating was maintained by MUFG Securities Americas Inc on Thursday, February 21 with “Buy”. The rating was maintained by SunTrust on Wednesday, February 20 with “Buy”. The firm has “Buy” rating by SunTrust given on Tuesday, September 25. Stifel Nicolaus maintained Concho Resources Inc. (NYSE:CXO) on Sunday, November 25 with “Buy” rating. Morgan Stanley maintained Concho Resources Inc. (NYSE:CXO) rating on Tuesday, November 20. Morgan Stanley has “Equal-Weight” rating and $163 target. On Friday, September 28 the stock rating was reinitiated by PiperJaffray with “Overweight”. See Concho Resources Inc. (NYSE:CXO) latest ratings:

06/03/2019 Broker: Barclays Capital Rating: Buy New Target: $148 Maintain
27/02/2019 Broker: Jefferies Rating: Buy New Target: $174 Maintain
21/02/2019 Broker: MUFG Securities Americas Inc Rating: Buy New Target: $158 Maintain
21/02/2019 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $154 New Target: $135 Maintain
20/02/2019 Broker: SunTrust Rating: Buy New Target: $150 Maintain
19/02/2019 Broker: Cowen & Co Rating: Buy New Target: $140 Maintain
20/02/2019 Broker: Credit Suisse Rating: Hold New Target: $132 Maintain
20/02/2019 Broker: Williams Capital Group Rating: Buy New Target: $182 Maintain
30/01/2019 Broker: Mizuho Rating: Buy New Target: $156 Initiates Coverage On
29/01/2019 Broker: Stephens Old Rating: Equal-Weight New Rating: Overweight Upgrade

The stock decreased 0.16% or $0.17 during the last trading session, reaching $103.55. About 2.12 million shares traded or 2.03% up from the average. Concho Resources Inc. (NYSE:CXO) has declined 26.14% since March 17, 2018 and is downtrending. It has underperformed by 30.51% the S&P500. Some Historical CXO News: 15/05/2018 – 3G ADDED CXO, DWDP, DE, FB, STLD IN 1Q: 13F; 28/03/2018 – Concho Buys RSP, Cheniere Seeks $6.4 for Terminal: Energy Wrap; 28/03/2018 – Permian M&A: head Concho; 09/04/2018 – The Law Offices of Vincent Wong Notifies Investors of an Investigation into RSP Permian, Inc. in Connection with the Sale of the Company to Concho Resources Inc; 01/05/2018 – Concho Resources 1Q EPS $5.58; 29/03/2018 – CONCHO RESOURCES INC CXO.N : KLR GROUP RAISES TARGET PRICE BY $5 TO $164; RATING HOLD; 28/03/2018 – CONCHO RESOURCES INC – AS PART OF DEAL, CO EXPECTS TO REALIZE OVER $60 MLN IN ANNUAL CORPORATE LEVEL SAVINGS; 26/03/2018 – CONCHO RESOURCES INC CXO.N CHIEF EXECUTIVE JACK HARPER SAYS CONTINUES TO SEE IMPROVEMENTS IN WELL EFFICIENCIES; 24/04/2018 – WeissLaw LLP Investigates RSP Permian, Inc. Acquisition; 28/03/2018 – Len Vermillion: #BREAKING: Concho acquiring RSP Permian in $9.5 billion merger

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 $20.63 billion. The companyÂ’s principal operating areas are located in the Permian Basin of southeast New Mexico and west Texas. It has a 7.82 P/E ratio. As of December 31, 2016, its total estimated proved reserves were 720.0 million barrels of oil equivalent.

Since February 27, 2019, it had 1 buy, and 0 selling transactions for $223,020 activity. On Wednesday, February 27 the insider Merriman Gary A bought $223,020.

Investors sentiment decreased to 0.9 in 2018 Q4. Its down 1.41, from 2.31 in 2018Q3. It worsened, as 62 investors sold Concho Resources Inc. shares while 158 reduced holdings. 65 funds opened positions while 132 raised stakes. 189.11 million shares or 1.41% more from 186.48 million shares in 2018Q3 were reported. Axiom Intll Invsts Lc De has 0.6% invested in Concho Resources Inc. (NYSE:CXO). Prelude Limited Liability Company reported 0.02% of its portfolio in Concho Resources Inc. (NYSE:CXO). Cypress Asset Mngmt Incorporated Tx reported 2,149 shares. Nordea Invest Mngmt reported 10,324 shares. Moreover, Glenmede Tru Na has 0% invested in Concho Resources Inc. (NYSE:CXO). 2,560 were accumulated by Paradigm Asset Management Company. Minnesota-based Carval Ltd has invested 2.52% in Concho Resources Inc. (NYSE:CXO). Balyasny Asset Mngmt Ltd Liability Corp owns 0.01% invested in Concho Resources Inc. (NYSE:CXO) for 6,763 shares. 3,795 are held by Ibm Retirement Fund. 1,562 were reported by Nelson Van Denburg Campbell Wealth Mngmt Ltd Liability Corporation. D E Shaw And Incorporated holds 0% or 9,023 shares in its portfolio. Allstate Corporation accumulated 7,214 shares. Ruggie Cap invested in 0% or 14 shares. Texas Capital National Bank & Trust Incorporated Tx reported 7,271 shares. 102 were accumulated by Benjamin F Edwards.

More notable recent Concho Resources Inc. (NYSE:CXO) news were published by: Seekingalpha.com which released: “Concho Resources Q4 2018 Earnings Preview – Seeking Alpha” on February 18, 2019, also Benzinga.com with their article: “26 Stocks Moving In Wednesday’s Pre-Market Session – Benzinga” published on February 20, 2019, Seekingalpha.com published: “Concho Resources -5% as Q4 earnings, revenues miss estimates – Seeking Alpha” on February 19, 2019. More interesting news about Concho Resources Inc. (NYSE:CXO) were released by: Seekingalpha.com and their article: “Anadarko, Hess, Devon and Concho all buys, says BAML analyst – Seeking Alpha” published on February 25, 2019 as well as Benzinga.com‘s news article titled: “Earnings Scheduled For February 19, 2019 – Benzinga” with publication date: February 19, 2019.

Jennison Associates Llc decreased Virtu Finl Inc stake by 41,143 shares to 40,424 valued at $1.04M in 2018Q4. It also reduced Agnico Eagle Mines Ltd (NYSE:AEM) stake by 13,262 shares and now owns 1.13 million shares. Eagle Bancorp Inc Md (NASDAQ:EGBN) was reduced too.

Investors sentiment increased to 1.54 in Q4 2018. Its up 0.47, from 1.07 in 2018Q3. It is positive, as 18 investors sold MWA shares while 49 reduced holdings. 40 funds opened positions while 63 raised stakes. 126.36 million shares or 1.44% more from 124.57 million shares in 2018Q3 were reported. 1,569 are held by Huntington Bank & Trust. Amalgamated Natl Bank owns 0.01% invested in Mueller Water Products, Inc. (NYSE:MWA) for 21,931 shares. Jefferies Gru Limited invested in 0% or 10,570 shares. Manchester Capital Management Limited Liability Co invested in 63,040 shares. Asset One Com Limited holds 0% or 141,494 shares in its portfolio. Bw Gestao De Investimentos Ltda stated it has 69,817 shares or 0.25% of all its holdings. Rodgers Brothers stated it has 33,600 shares. Bluemountain Cap Management Lc invested in 0.02% or 72,213 shares. Trexquant Limited Partnership holds 0.02% or 38,724 shares in its portfolio. Carroll Associates holds 150 shares. Kbc Group Nv holds 0.11% or 1.11 million shares in its portfolio. 10.53M were accumulated by Price T Rowe Md. Oppenheimer Asset Management holds 0.04% in Mueller Water Products, Inc. (NYSE:MWA) or 173,137 shares. Blackrock has invested 0.01% in Mueller Water Products, Inc. (NYSE:MWA). Stevens LP holds 0.01% of its portfolio in Mueller Water Products, Inc. (NYSE:MWA) for 22,989 shares.

Concho Resources Inc. (NYSE:CXO) Institutional Positions Chart