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Elizabeth Park Capital Advisors LTD Has Lifted Its Orrstown Finl Svcs (ORRF) Stake by $4.14 Million; As Conocophillips (COP) Stock Value Declined, Roffman Miller Associates Decreased Its Position

Fred Cummings increased its stake in Orrstown Finl Svcs Inc (ORRF) by 21571.25% based on its latest 2017Q3 regulatory filing with the SEC. Elizabeth Park Capital Advisors Ltd bought 172,570 shares as the company’s stock declined 6.47% while stock markets rallied. The hedge fund run by Fred Cummings held 173,370 shares of the major banks company at the end of 2017Q3, valued at $4.32M, up from 800 at the end of the previous reported quarter. Elizabeth Park Capital Advisors Ltd who had been investing in Orrstown Finl Svcs Inc for a number of months, seems to be bullish on the $208.70M market cap company. The stock decreased 1.38% or $0.35 during the last trading session, reaching $25. About 10,082 shares traded. Orrstown Financial Services, Inc. (NASDAQ:ORRF) has risen 11.60% since February 15, 2017 and is uptrending. It has underperformed by 5.10% the S&P500.

Roffman Miller Associates Inc decreased its stake in Conocophillips (COP) by 14.34% based on its latest 2017Q3 regulatory filing with the SEC. Roffman Miller Associates Inc sold 10,891 shares as the company’s stock declined 0.06% while stock markets rallied. The institutional investor held 65,040 shares of the integrated oil company at the end of 2017Q3, valued at $3.26 million, down from 75,931 at the end of the previous reported quarter. Roffman Miller Associates Inc who had been investing in Conocophillips for a number of months, seems to be less bullish one the $65.34B market cap company. The stock increased 4.11% or $2.19 during the last trading session, reaching $55.51. About 6.61M shares traded or 11.02% up from the average. ConocoPhillips (NYSE:COP) has risen 9.50% since February 15, 2017 and is uptrending. It has underperformed by 7.20% the S&P500.

Investors sentiment decreased to 0.63 in Q3 2017. Its down 0.08, from 0.71 in 2017Q2. It worsened, 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. Spectrum Mngmt Group holds 0% or 215 shares. Adams Asset Advsrs Limited Liability Company has invested 0.32% in ConocoPhillips (NYSE:COP). 3,460 are owned by Webster National Bank & Trust N A. The Virginia-based Old Point & N A has invested 2.37% in ConocoPhillips (NYSE:COP). Fruth Inv Mgmt has invested 0.44% of its portfolio in ConocoPhillips (NYSE:COP). Moreover, Cranbrook Wealth Management Ltd Limited Liability Company has 0.01% invested in ConocoPhillips (NYSE:COP) for 259 shares. Aldebaran has 0.36% invested in ConocoPhillips (NYSE:COP). Bridgewater Associates Lp holds 0.02% of its portfolio in ConocoPhillips (NYSE:COP) for 63,895 shares. Regions Fincl Corporation, Alabama-based fund reported 117,493 shares. Altavista Wealth Mgmt holds 0.58% or 24,328 shares. Advsr Capital Ltd Liability Company accumulated 182,874 shares. Waddell & Reed has 0.05% invested in ConocoPhillips (NYSE:COP) for 440,000 shares. Boston Advsrs Ltd Llc owns 539,172 shares or 0.61% of their US portfolio. Wealthtrust reported 243 shares stake. Gemmer Asset Management Ltd Co invested in 0.04% or 2,186 shares.

Among 25 analysts covering ConocoPhillips (NYSE:COP), 17 have Buy rating, 1 Sell and 7 Hold. Therefore 68% are positive. ConocoPhillips has $77 highest and $31 lowest target. $56.73’s average target is 2.20% above currents $55.51 stock price. ConocoPhillips had 91 analyst reports since August 4, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, December 13 by Goldman Sachs. The firm earned “Buy” rating on Wednesday, September 27 by Cowen & Co. The rating was maintained by RBC Capital Markets on Thursday, November 9 with “Buy”. The rating was upgraded by Societe Generale to “Buy” on Wednesday, January 11. The stock has “Buy” rating by UBS on Thursday, March 30. The company was maintained on Monday, October 31 by RBC Capital Markets. The stock of ConocoPhillips (NYSE:COP) earned “Underperform” rating by Jefferies on Thursday, April 21. The stock of ConocoPhillips (NYSE:COP) earned “Market Perform” rating by Bernstein on Thursday, July 6. The stock of ConocoPhillips (NYSE:COP) earned “Outperform” rating by Cowen & Co on Friday, March 31. As per Friday, February 2, the company rating was maintained by Barclays Capital.

Roffman Miller Associates Inc, which manages about $833.24 million and $758.50M US Long portfolio, upped its stake in At&T Inc New (NYSE:T) by 10,837 shares to 213,903 shares, valued at $8.38 million in 2017Q3, according to the filing. It also increased its holding in Chubb Limited by 4,361 shares in the quarter, for a total of 12,220 shares, and has risen its stake in Apple Inc (NASDAQ:AAPL).

Among 3 analysts covering Orrstown Financial Services (NASDAQ:ORRF), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Orrstown Financial Services had 7 analyst reports since September 12, 2016 according to SRatingsIntel. On Monday, September 12 the stock rating was downgraded by Keefe Bruyette & Woods to “Mkt Perform”. As per Thursday, July 27, the company rating was upgraded by Wood. The rating was upgraded by Keefe Bruyette & Woods on Thursday, July 27 to “Buy”. Boenning & Scattergood maintained Orrstown Financial Services, Inc. (NASDAQ:ORRF) on Thursday, January 25 with “Hold” rating. The stock has “Hold” rating by Boenning & Scattergood on Thursday, July 27. The firm has “Buy” rating by Keefe Bruyette & Woods given on Tuesday, October 3. On Thursday, December 21 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”.

Elizabeth Park Capital Advisors Ltd, which manages about $166.10 million and $257.67M US Long portfolio, decreased its stake in Farmers Natl Banc Corp (NASDAQ:FMNB) by 30,761 shares to 398,961 shares, valued at $6.00M in 2017Q3, according to the filing. It also reduced its holding in Regions Finl Corp New (NYSE:RF) by 55,000 shares in the quarter, leaving it with 631,470 shares, and cut its stake in Comerica Inc (NYSE:CMA).

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