As Concho Res (CXO) Valuation Rose, Sei Investments Company Decreased Position by $306,900; Visa (V) Stock Price Rose While Crossvault Capital Management Has Raised by $357,162 Its Stake

May 22, 2018 - By Marie Mckinney

Concho Resources Inc. (NYSE:CXO) Logo

Sei Investments Company decreased its stake in Concho Res Inc (CXO) by 1.3% based on its latest 2017Q4 regulatory filing with the SEC. Sei Investments Company sold 2,046 shares as the company’s stock rose 3.45% while stock markets declined. The institutional investor held 155,899 shares of the oil & gas production company at the end of 2017Q4, valued at $23.42M, down from 157,945 at the end of the previous reported quarter. Sei Investments Company who had been investing in Concho Res Inc for a number of months, seems to be less bullish one the $22.67 billion market cap company. The stock decreased 0.44% or $0.67 during the last trading session, reaching $153.23. About 114,943 shares traded. Concho Resources Inc. (NYSE:CXO) has risen 25.40% since May 22, 2017 and is uptrending. It has outperformed by 13.85% the S&P500.

Crossvault Capital Management Llc increased its stake in Visa Inc. (V) by 5.95% based on its latest 2017Q4 regulatory filing with the SEC. Crossvault Capital Management Llc bought 3,133 shares as the company’s stock rose 4.18% while stock markets declined. The institutional investor held 55,798 shares of the business services company at the end of 2017Q4, valued at $6.36M, up from 52,665 at the end of the previous reported quarter. Crossvault Capital Management Llc who had been investing in Visa Inc. for a number of months, seems to be bullish on the $292.76 billion market cap company. The stock increased 0.04% or $0.0498 during the last trading session, reaching $130.7098. About 1.17 million shares traded. Visa Inc. (NYSE:V) has risen 31.98% since May 22, 2017 and is uptrending. It has outperformed by 20.43% the S&P500.

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

Investors sentiment increased to 1.41 in 2017 Q4. Its up 0.42, from 0.99 in 2017Q3. It increased, as 23 investors sold CXO shares while 130 reduced holdings. 74 funds opened positions while 142 raised stakes. 140.14 million shares or 1.74% more from 137.75 million shares in 2017Q3 were reported. First Advsrs Lp holds 225,986 shares. Utah Retirement Sys accumulated 0.09% or 27,419 shares. Goldman Sachs accumulated 1.31M shares or 0.05% of the stock. Bluecrest Capital Management accumulated 7,499 shares. Financial Serv Corp invested in 56 shares. Cleararc Capital, Ohio-based fund reported 3,804 shares. Smithfield Co owns 25 shares for 0% of their portfolio. Farmers Merchants Invests reported 54 shares. Tributary Capital Management has invested 0.14% in Concho Resources Inc. (NYSE:CXO). Grp One Trading LP reported 0% in Concho Resources Inc. (NYSE:CXO). American Century Companies, Missouri-based fund reported 1.44M shares. Campbell Inv Adviser Ltd Limited Liability Company invested in 1,712 shares or 0.19% of the stock. Whittier holds 0% of its portfolio in Concho Resources Inc. (NYSE:CXO) for 20 shares. Axa reported 395,853 shares stake. Nomura Asset Management Limited invested in 19,984 shares.

Sei Investments Company, which manages about $28.80B US Long portfolio, upped its stake in Mack Cali Rlty Corp (NYSE:CLI) by 54,430 shares to 474,030 shares, valued at $10.22M in 2017Q4, according to the filing. It also increased its holding in International Game Technolog by 145,780 shares in the quarter, for a total of 268,556 shares, and has risen its stake in Mattel Inc (NASDAQ:MAT).

Analysts await Concho Resources Inc. (NYSE:CXO) to report earnings on August, 1. They expect $0.95 earnings per share, up 82.69% or $0.43 from last year’s $0.52 per share. CXO’s profit will be $140.53M for 40.32 P/E if the $0.95 EPS becomes a reality. After $1.00 actual earnings per share reported by Concho Resources Inc. for the previous quarter, Wall Street now forecasts -5.00% negative EPS growth.

Among 30 analysts covering Concho Resources Inc. (NYSE:CXO), 19 have Buy rating, 0 Sell and 11 Hold. Therefore 63% are positive. Concho Resources Inc. had 125 analyst reports since July 21, 2015 according to SRatingsIntel. Bank of America upgraded the stock to “Buy” rating in Thursday, January 4 report. As per Wednesday, August 24, the company rating was maintained by Credit Suisse. The rating was downgraded by SunTrust to “Neutral” on Tuesday, October 6. Citigroup maintained the shares of CXO in report on Monday, May 16 with “Buy” rating. The rating was maintained by Piper Jaffray on Wednesday, April 18 with “Buy”. On Thursday, July 20 the stock rating was maintained by RBC Capital Markets with “Buy”. Citigroup maintained it with “Buy” rating and $150 target in Thursday, August 11 report. The firm earned “Overweight” rating on Monday, August 15 by JP Morgan. On Wednesday, November 1 the stock rating was maintained by RBC Capital Markets with “Buy”. Stifel Nicolaus maintained it with “Buy” rating and $19600 target in Monday, April 23 report.

Since December 13, 2017, it had 0 buys, and 5 sales for $12.69 million activity. $1.08 million worth of Visa Inc. (NYSE:V) was sold by HOFFMEISTER JAMES H on Monday, April 30. 49,702 Visa Inc. (NYSE:V) shares with value of $5.65 million were sold by MAHON TULLIER KELLY. 6,220 shares were sold by MATSCHULLAT ROBERT W, worth $707,561 on Wednesday, December 13. $205,440 worth of Visa Inc. (NYSE:V) was sold by Biggar Lynne on Wednesday, February 14.

Among 43 analysts covering Visa Inc. (NYSE:V), 34 have Buy rating, 0 Sell and 9 Hold. Therefore 79% are positive. Visa Inc. had 131 analyst reports since July 21, 2015 according to SRatingsIntel. On Friday, February 2 the stock rating was maintained by PiperJaffray with “Overweight”. Robert W. Baird maintained the stock with “Buy” rating in Thursday, January 18 report. The stock of Visa Inc. (NYSE:V) earned “Buy” rating by Bank of America on Friday, July 21. Cowen & Co maintained it with “Buy” rating and $141.0 target in Thursday, February 1 report. Oppenheimer maintained it with “Buy” rating and $125.0 target in Wednesday, October 25 report. The stock of Visa Inc. (NYSE:V) earned “Buy” rating by Cowen & Co on Friday, July 14. The stock of Visa Inc. (NYSE:V) earned “Buy” rating by RBC Capital Markets on Thursday, July 20. KeyBanc Capital Markets maintained Visa Inc. (NYSE:V) on Wednesday, December 13 with “Buy” rating. The rating was maintained by RBC Capital Markets on Tuesday, October 25 with “Outperform”. The rating was maintained by Barclays Capital on Monday, May 16 with “Overweight”.

Visa Inc. (NYSE:V) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>