Westlake Chem Partners LP (WLKP) Position Lifted by Energy Income Partners Llc; Carmignac Gestion Holding in Concho Resources (CXO) Raised as Share Value Rose

May 18, 2018 - By Kurt Siggers

Concho Resources Inc. (NYSE:CXO) Logo

Energy Income Partners Llc increased its stake in Westlake Chem Partners Lp (WLKP) by 11.02% based on its latest 2017Q4 regulatory filing with the SEC. Energy Income Partners Llc bought 116,921 shares as the company’s stock declined 4.04% with the market. The hedge fund held 1.18 million shares of the major chemicals company at the end of 2017Q4, valued at $29.40 million, up from 1.06 million at the end of the previous reported quarter. Energy Income Partners Llc who had been investing in Westlake Chem Partners Lp for a number of months, seems to be bullish on the $730.18M market cap company. The stock increased 0.67% or $0.15 during the last trading session, reaching $22.65. About 9,564 shares traded. Westlake Chemical Partners LP (NYSE:WLKP) has declined 9.98% since May 18, 2017 and is downtrending. It has underperformed by 21.53% the S&P500.

Carmignac Gestion increased its stake in Concho Resources Inc (CXO) by 8.32% based on its latest 2017Q4 regulatory filing with the SEC. Carmignac Gestion bought 221,551 shares as the company’s stock rose 3.45% while stock markets declined. The institutional investor held 2.89 million shares of the oil & gas production company at the end of 2017Q4, valued at $433.44 million, up from 2.66M at the end of the previous reported quarter. Carmignac Gestion who had been investing in Concho Resources Inc for a number of months, seems to be bullish on the $22.71 billion market cap company. The stock decreased 0.92% or $1.43 during the last trading session, reaching $153.49. About 1.75 million shares traded. Concho Resources Inc. (NYSE:CXO) has risen 25.40% since May 18, 2017 and is uptrending. It has outperformed by 13.85% the S&P500.

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

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. RBC Capital Markets maintained Concho Resources Inc. (NYSE:CXO) on Monday, May 15 with “Buy” rating. The firm has “Neutral” rating given on Tuesday, October 6 by Suntrust Robinson. The firm has “Overweight” rating by JP Morgan given on Wednesday, December 9. The rating was maintained by Jefferies on Wednesday, July 19 with “Hold”. The firm earned “Buy” rating on Tuesday, October 10 by Jefferies. The stock of Concho Resources Inc. (NYSE:CXO) earned “Buy” rating by Deutsche Bank on Wednesday, August 10. The rating was maintained by SunTrust on Thursday, August 4 with “Buy”. Stifel Nicolaus downgraded Concho Resources Inc. (NYSE:CXO) rating on Thursday, April 13. Stifel Nicolaus has “Buy” rating and $206 target. The rating was downgraded by SunTrust on Tuesday, February 6 to “Hold”. Jefferies maintained Concho Resources Inc. (NYSE:CXO) rating on Tuesday, January 30. Jefferies has “Buy” rating and $185.0 target.

Another recent and important Concho Resources Inc. (NYSE:CXO) news was published by Investorplace.com which published an article titled: “5 Top Energy Stocks For $100-A-Barrel Oil” on May 17, 2018.

Carmignac Gestion, which manages about $15.05B US Long portfolio, decreased its stake in Rpc Inc (NYSE:RES) by 35,000 shares to 430,000 shares, valued at $10.98M in 2017Q4, according to the filing. It also reduced its holding in Nvidia Corp (Prn) (Put) (NASDAQ:NVDA) by 30,000 shares in the quarter, leaving it with 20,000 shares, and cut its stake in Banco Macro Sa (NYSE:BMA).

Investors sentiment increased to 1.41 in Q4 2017. Its up 0.42, from 0.99 in 2017Q3. It improved, 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. Sei stated it has 0.08% of its portfolio in Concho Resources Inc. (NYSE:CXO). Credit Suisse Ag stated it has 0.04% of its portfolio in Concho Resources Inc. (NYSE:CXO). Redwood Investments Limited Company invested in 0.7% or 65,868 shares. Df Dent Co stated it has 2,834 shares or 0.01% of all its holdings. Syntal Capital Prns Limited Liability Com reported 0.13% stake. Virtu Ltd Llc accumulated 0.08% or 10,334 shares. Thrivent Fincl For Lutherans holds 0.12% or 230,726 shares. Putnam Invests Limited Co, a Massachusetts-based fund reported 2,286 shares. Ci Invs holds 53,750 shares or 0.08% of its portfolio. Strs Ohio holds 7,639 shares or 0% of its portfolio. Fifth Third Bancorp accumulated 92 shares. Qs Investors Limited Liability Com reported 16,961 shares. Hartford Inv Management has 0.08% invested in Concho Resources Inc. (NYSE:CXO) for 30,433 shares. 28,684 were accumulated by Gardner Lewis Asset Mngmt L P. Lazard Asset Ltd Limited Liability Company holds 0.03% of its portfolio in Concho Resources Inc. (NYSE:CXO) for 103,352 shares.

Since February 27, 2018, it had 5 insider buys, and 0 selling transactions for $356,595 activity. $46,320 worth of Westlake Chemical Partners LP (NYSE:WLKP) was bought by Chao Albert. The insider Bender Mark Steven bought $47,535.

Energy Income Partners Llc, which manages about $4.12 billion and $5.83B US Long portfolio, decreased its stake in Sempra Energy (NYSE:SRE) by 164,138 shares to 574,466 shares, valued at $61.42 million in 2017Q4, according to the filing. It also reduced its holding in American Wtr Wks Co Inc New (NYSE:AWK) by 15,076 shares in the quarter, leaving it with 82,792 shares, and cut its stake in Spectra Energy Partners Lp (NYSE:SEP).

More news for Westlake Chemical Partners LP (NYSE:WLKP) were recently published by: Seekingalpha.com, which released: “Westlake Chemical Partners’ (WLKP) CEO Albert Chao on Q1 2018 Results – Earnings Call Transcript” on May 05, 2018. Globenewswire.com‘s article titled: “Research Report Identifies Systemax, C&J Energy Services, Seritage Growth Properties, Hemispherx BioPharma, YRC …” and published on May 03, 2018 is yet another important article.

Westlake Chemical Partners LP (NYSE:WLKP) Institutional Positions Chart

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