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Osborne Partners Capital Management Has Trimmed By $1.13 Million Its United Technologies (UTX) Holding; Last Week Concho Resources Inc. (CXO) Coverage

Among 25 analysts covering Concho Resources Inc. (NYSE:CXO), 17 have Buy rating, 0 Sell and 8 Hold. Therefore 68% are positive. Concho Resources Inc. had 92 analyst reports since July 21, 2015 according to SRatingsIntel. KeyBanc Capital Markets maintained the stock with “Buy” rating in Monday, November 20 report. The firm earned “Buy” rating on Thursday, August 4 by SunTrust. PiperJaffray maintained the shares of CXO in report on Monday, September 18 with “Overweight” rating. The stock of Concho Resources Inc. (NYSE:CXO) has “Hold” rating given on Tuesday, July 18 by Cowen & Co. Stifel Nicolaus maintained it with “Buy” rating and $185.0 target in Thursday, October 5 report. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, September 1 report. The firm earned “Outperform” rating on Thursday, October 8 by RBC Capital Markets. The rating was maintained by Credit Suisse on Wednesday, August 24 with “Outperform”. Citigroup maintained Concho Resources Inc. (NYSE:CXO) on Thursday, April 7 with “Buy” rating. On Thursday, April 13 the stock rating was downgraded by Stifel Nicolaus to “Buy”. See Concho Resources Inc. (NYSE:CXO) latest ratings:

20/11/2017 Broker: KeyBanc Capital Markets Rating: Buy New Target: $150.0 Maintain
20/11/2017 Broker: Barclays Capital Rating: Overweight Old Target: $144 New Target: $156 Maintain
06/11/2017 Broker: MUFG Securities Americas Inc Rating: Buy New Target: $160.0
02/11/2017 Broker: Jefferies Rating: Buy New Target: $167.0 Maintain
01/11/2017 Broker: RBC Capital Markets Rating: Buy New Target: $164.0 Maintain
31/10/2017 Broker: SunTrust Rating: Buy New Target: $145.0 Maintain
19/10/2017 Broker: Cowen & Co Rating: Hold New Target: $145.0 Maintain
19/10/2017 Broker: KeyBanc Capital Markets Rating: Buy New Target: $150.0 Maintain
18/10/2017 Broker: Morgan Stanley Rating: Overweight Old Target: $152 New Target: $155 Maintain
11/10/2017 Broker: Barclays Capital Rating: Overweight Old Target: $124 New Target: $144 Maintain

Osborne Partners Capital Management Llc decreased United Technologies Corp (UTX) stake by 15.5% reported in 2017Q2 SEC filing. Osborne Partners Capital Management Llc sold 9,303 shares as United Technologies Corp (UTX)’s stock rose 8.03%. The Osborne Partners Capital Management Llc holds 50,705 shares with $6.19 million value, down from 60,008 last quarter. United Technologies Corp now has $98.07 billion valuation. The stock increased 0.33% or $0.41 during the last trading session, reaching $122.81. About 3.00M shares traded. United Technologies Corporation (NYSE:UTX) has risen 22.99% since December 10, 2016 and is uptrending. It has outperformed by 6.29% the S&P500.

Among 21 analysts covering United Technologies Corporation (NYSE:UTX), 7 have Buy rating, 0 Sell and 14 Hold. Therefore 33% are positive. United Technologies Corporation has $139.0 highest and $100 lowest target. $119.88’s average target is -2.39% below currents $122.81 stock price. United Technologies Corporation had 67 analyst reports since July 21, 2015 according to SRatingsIntel. RBC Capital Markets maintained it with “Hold” rating and $125.0 target in Friday, September 15 report. The company was maintained on Wednesday, July 27 by Barclays Capital. Barclays Capital downgraded it to “Equal Weight” rating and $100 target in Monday, August 31 report. The firm earned “Hold” rating on Friday, August 11 by RBC Capital Markets. As per Friday, June 2, the company rating was maintained by RBC Capital Markets. Cowen & Co upgraded United Technologies Corporation (NYSE:UTX) on Thursday, July 23 to “Outperform” rating. On Tuesday, December 5 the stock rating was upgraded by Atlantic Securities to “Overweight”. The stock of United Technologies Corporation (NYSE:UTX) earned “Hold” rating by Deutsche Bank on Wednesday, September 6. Credit Suisse upgraded United Technologies Corporation (NYSE:UTX) on Monday, December 19 to “Outperform” rating. On Thursday, August 10 the stock rating was maintained by Stifel Nicolaus with “Hold”.

Osborne Partners Capital Management Llc increased Quanta Services Inc (NYSE:PWR) stake by 22,230 shares to 223,975 valued at $7.37M in 2017Q2. It also upped Cf Industries Holdings Inc (NYSE:CF) stake by 23,977 shares and now owns 192,900 shares. Dodge & Cox Stk Fd (DODGX) was raised too.

Analysts await United Technologies Corporation (NYSE:UTX) to report earnings on January, 24. They expect $1.56 EPS, 0.00% or $0.00 from last year’s $1.56 per share. UTX’s profit will be $1.25B for 19.68 P/E if the $1.56 EPS becomes a reality. After $1.73 actual EPS reported by United Technologies Corporation for the previous quarter, Wall Street now forecasts -9.83% negative EPS growth.

Investors sentiment decreased to 0.95 in 2017 Q2. Its down 0.03, from 0.98 in 2017Q1. It dropped, as 39 investors sold UTX shares while 553 reduced holdings. 112 funds opened positions while 451 raised stakes. 611.76 million shares or 0.92% less from 617.43 million shares in 2017Q1 were reported. 2,152 were reported by Gilman Hill Asset Limited Liability Company. Chem Bank & Trust holds 1.28% of its portfolio in United Technologies Corporation (NYSE:UTX) for 95,941 shares. Maryland Mgmt invested 0.06% in United Technologies Corporation (NYSE:UTX). Folger Nolan Fleming Douglas Cap Management owns 58,894 shares. Janney Montgomery Scott Ltd Co, a Pennsylvania-based fund reported 175,416 shares. 42,865 are owned by Hendershot Invests Incorporated. Mitchell Sinkler And Starr Pa stated it has 1.89% of its portfolio in United Technologies Corporation (NYSE:UTX). Sandler Mgmt owns 23,170 shares. Security Tru Company has invested 1.4% of its portfolio in United Technologies Corporation (NYSE:UTX). Macroview Mngmt Ltd Liability Com reported 0.07% in United Technologies Corporation (NYSE:UTX). Obermeyer Wood Counsel Lllp accumulated 4,018 shares. Westover Capital Ltd Llc has 0.44% invested in United Technologies Corporation (NYSE:UTX) for 5,504 shares. Connors Investor Svcs has invested 1.53% of its portfolio in United Technologies Corporation (NYSE:UTX). Gradient Investments Lc owns 57,814 shares. Arrow Fin holds 22,043 shares or 0.64% of its portfolio.

Investors sentiment decreased to 1.03 in 2017 Q2. Its down 0.04, from 1.07 in 2017Q1. It turned negative, as 48 investors sold Concho Resources Inc. shares while 147 reduced holdings. 51 funds opened positions while 150 raised stakes. 135.90 million shares or 0.58% less from 136.69 million shares in 2017Q1 were reported. Gulf Intll Bank & Trust (Uk) Ltd reported 46,369 shares. Ameritas Investment Partners Inc holds 3,398 shares. Utah Retirement System invested in 27,019 shares or 0.08% of the stock. Assetmark owns 49 shares. Gabelli Funds Ltd Liability Com reported 0.03% of its portfolio in Concho Resources Inc. (NYSE:CXO). Connable Office holds 14,930 shares or 0.4% of its portfolio. Waddell And Reed Fincl accumulated 384,327 shares or 0.1% of the stock. Martin Currie Limited holds 0.02% of its portfolio in Concho Resources Inc. (NYSE:CXO) for 1,800 shares. C M Bidwell Assoc reported 0.04% in Concho Resources Inc. (NYSE:CXO). Balyasny Asset Limited Com reported 0.06% of its portfolio in Concho Resources Inc. (NYSE:CXO). Cibc World holds 20,933 shares. Suntrust Banks Inc, a Georgia-based fund reported 8,813 shares. Corecommodity Mngmt Limited Liability Company accumulated 2 shares or 0% of the stock. Gateway Invest Advisers Limited Liability Com stated it has 253,532 shares or 0.28% of all its holdings. Eagle Asset Mgmt reported 0.02% stake.

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 $20.69 billion. The companyÂ’s principal operating areas are located in the Permian Basin of southeast New Mexico and west Texas. It has a 36.81 P/E ratio. As of December 31, 2016, its total estimated proved reserves were 720.0 million barrels of oil equivalent.

The stock increased 1.45% or $2 during the last trading session, reaching $140.21. About 743,606 shares traded. Concho Resources Inc. (NYSE:CXO) has risen 13.53% since December 10, 2016 and is uptrending. It has underperformed by 3.17% the S&P500.

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