Vaughan David Investments Trimmed By $22.52 Million Its Commerce Bancshares (COP) Holding; Hutchin Hill Capital LP Raised Connectone Bancorp New (CNOB) Position

February 22, 2018 - By Adrian Erickson

Vaughan David Investments Inc decreased Commerce Bancshares Inc (COP) stake by 95.44% reported in 2017Q3 SEC filing. Vaughan David Investments Inc sold 395,038 shares as Commerce Bancshares Inc (COP)’s stock declined 0.06%. The Vaughan David Investments Inc holds 18,884 shares with $1.09M value, down from 413,922 last quarter. Commerce Bancshares Inc now has $64.16 billion valuation. The stock increased 1.41% or $0.76 during the last trading session, reaching $54.51. About 769,208 shares traded. ConocoPhillips (NYSE:COP) has risen 9.50% since February 22, 2017 and is uptrending. It has underperformed by 7.20% the S&P500.

Hutchin Hill Capital Lp increased Connectone Bancorp Inc New (CNOB) stake by 81.72% reported in 2017Q3 SEC filing. Hutchin Hill Capital Lp acquired 161,888 shares as Connectone Bancorp Inc New (CNOB)’s stock declined 14.99%. The Hutchin Hill Capital Lp holds 360,000 shares with $8.86 million value, up from 198,112 last quarter. Connectone Bancorp Inc New now has $939.71M valuation. The stock decreased 0.68% or $0.2 during the last trading session, reaching $29.3. About 374 shares traded. ConnectOne Bancorp, Inc. (NASDAQ:CNOB) has risen 37.35% since February 22, 2017 and is uptrending. It has outperformed by 20.65% the S&P500.

Investors sentiment decreased to 0.63 in Q3 2017. Its down 0.08, from 0.71 in 2017Q2. It dived, as 62 investors sold COP shares while 536 reduced holdings. 91 funds opened positions while 283 raised stakes. 814.86 million shares or 0.93% less from 822.50 million shares in 2017Q2 were reported. Signaturefd Ltd invested in 0.03% or 4,714 shares. Eagle Glob Advsrs Llc holds 0.01% or 5,668 shares in its portfolio. Optimum Invest invested 0.11% in ConocoPhillips (NYSE:COP). 8,532 were reported by Ashfield Cap Prtnrs Ltd Limited Liability Company. Bank & Trust Of The West owns 7,188 shares or 0.05% of their US portfolio. Wallington Asset Management Ltd Liability Corporation has 1.13% invested in ConocoPhillips (NYSE:COP). 1832 Asset Mgmt LP stated it has 162,121 shares or 0.03% of all its holdings. Janney Capital Mngmt Limited Co stated it has 0.63% of its portfolio in ConocoPhillips (NYSE:COP). Canada Pension Plan Inv Board invested in 569,530 shares or 0.06% of the stock. Stanley has 0.06% invested in ConocoPhillips (NYSE:COP) for 4,648 shares. Louisiana State Employees Retirement Systems invested in 0.18% or 76,000 shares. Anchor Advsr Limited Liability Corp reported 12,736 shares or 0.02% of all its holdings. Price T Rowe Assocs Incorporated Md has 0.02% invested in ConocoPhillips (NYSE:COP) for 2.16M shares. Canandaigua Retail Bank And has 0.23% invested in ConocoPhillips (NYSE:COP). Cranbrook Wealth Mgmt has invested 0.01% of its portfolio in ConocoPhillips (NYSE:COP).

Among 25 analysts covering ConocoPhillips (NYSE:COP), 17 have Buy rating, 1 Sell and 7 Hold. Therefore 68% are positive. ConocoPhillips had 91 analyst reports since August 4, 2015 according to SRatingsIntel. Bernstein initiated the shares of COP in report on Friday, August 7 with “Outperform” rating. The rating was upgraded by UBS on Thursday, March 30 to “Buy”. The company was maintained on Tuesday, December 15 by JP Morgan. The firm earned “Buy” rating on Thursday, October 19 by Jefferies. On Friday, February 2 the stock rating was maintained by Barclays Capital with “Overweight”. The rating was maintained by Jefferies with “Buy” on Friday, July 28. The rating was downgraded by Oppenheimer to “Perform” on Tuesday, August 4. Jefferies downgraded the stock to “Underperform” rating in Thursday, April 21 report. As per Monday, August 31, the company rating was downgraded by Vetr. The rating was maintained by Morgan Stanley on Wednesday, October 18 with “Equal-Weight”.

Vaughan David Investments Inc increased Magellan Midstream Partners Lp (NYSE:LMT) stake by 18,464 shares to 20,000 valued at $1.42 million in 2017Q3. It also upped National Grid Plc (NYSE:MON) stake by 234,746 shares and now owns 256,932 shares. Merck And Co Inc New (NYSE:MCD) was raised too.

Analysts await ConocoPhillips (NYSE:COP) to report earnings on May, 1. They expect $0.69 EPS, up 3,550.00% or $0.71 from last year’s $-0.02 per share. COP’s profit will be $812.20 million for 19.75 P/E if the $0.69 EPS becomes a reality. After $0.45 actual EPS reported by ConocoPhillips for the previous quarter, Wall Street now forecasts 53.33% EPS growth.

Hutchin Hill Capital Lp decreased M D C Hldgs Inc (NYSE:MDC) stake by 73,000 shares to 9,900 valued at $329,000 in 2017Q3. It also reduced Ruths Hospitality Group Inc (NASDAQ:RUTH) stake by 19,500 shares and now owns 24,100 shares. Take (NASDAQ:TTWO) was reduced too.

Investors sentiment decreased to 1.57 in 2017 Q3. Its down 0.10, from 1.67 in 2017Q2. It fall, as 8 investors sold CNOB shares while 29 reduced holdings. 14 funds opened positions while 44 raised stakes. 21.22 million shares or 0.04% less from 21.23 million shares in 2017Q2 were reported. Renaissance holds 0.03% or 1.07 million shares. Metropolitan Life Ins Company Ny reported 0% stake. Schwab Charles Investment Mgmt accumulated 126,142 shares. Invesco reported 25,260 shares. Menta Limited Liability Corporation, a California-based fund reported 48,425 shares. Ohio-based Strs Ohio has invested 0% in ConnectOne Bancorp, Inc. (NASDAQ:CNOB). Barclays Public Ltd Com holds 0% or 1,606 shares. Lsv Asset Mngmt owns 74,800 shares. 798,790 are owned by Endeavour Cap Advsrs. Banc Funds Limited Liability Corporation stated it has 0.8% in ConnectOne Bancorp, Inc. (NASDAQ:CNOB). 9,415 were accumulated by Buckhead Capital Mngmt Limited Liability Corp. Elizabeth Park Cap Advisors Ltd accumulated 266,835 shares or 2.55% of the stock. Bnp Paribas Arbitrage has 0% invested in ConnectOne Bancorp, Inc. (NASDAQ:CNOB). Us Savings Bank De holds 0% or 183 shares. Maltese Mngmt Ltd has invested 0.24% in ConnectOne Bancorp, Inc. (NASDAQ:CNOB).

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