Sterneck Capital Management Has Trimmed Oaktree Cap Group (OAK) Stake, Mexco Energy (MXC) Sentiment Is 4

July 27, 2017 - By Vivian Park

Sterneck Capital Management Llc decreased Oaktree Cap Group Llc (OAK) stake by 23.41% reported in 2016Q4 SEC filing. Sterneck Capital Management Llc sold 13,891 shares as Oaktree Cap Group Llc (OAK)’s stock rose 0.33%. The Sterneck Capital Management Llc holds 45,445 shares with $1.70M value, down from 59,336 last quarter. Oaktree Cap Group Llc now has $7.55B valuation. The stock increased 1.57% or $0.75 on July 27, reaching $48.4. About 207,764 shares traded or 66.29% up from the average. Oaktree Capital Group LLC (NYSE:OAK) has risen 0.83% since July 27, 2016 and is uptrending. It has underperformed by 15.87% the S&P500.

Mexco Energy Corporation is an independent gas and oil company. The company has market cap of $11.71 million. The Firm is engaged in the exploration, development and production of natural gas and crude oil properties located in the United States. It currently has negative earnings. At March 31, 2016, its total estimated proved reserves were approximately 2.051 million barrels of oil equivalent of which 53% was oil and natural gas liquids and 47% was natural gas.

Since February 15, 2017, it had 0 buys, and 2 insider sales for $1.33 million activity. KIRCHHEIMER DAVID M sold $381,170 worth of stock. Shares for $952,550 were sold by Molz Todd E.

Sterneck Capital Management Llc increased General Electric Co (NYSE:GE) stake by 101,214 shares to 136,588 valued at $4.32M in 2016Q4. It also upped At&T Inc (NYSE:T) stake by 46,971 shares and now owns 117,042 shares. Waddell & Reed Finl Inc (NYSE:WDR) was raised too.

Among 9 analysts covering Oaktree Capital Group (NYSE:OAK), 3 have Buy rating, 1 Sell and 5 Hold. Therefore 33% are positive. Oaktree Capital Group had 21 analyst reports since July 30, 2015 according to SRatingsIntel. The rating was downgraded by Barclays Capital on Thursday, October 13 to “Underweight”. The stock of Oaktree Capital Group LLC (NYSE:OAK) has “Hold” rating given on Thursday, June 29 by Oppenheimer. On Friday, December 16 the stock rating was downgraded by Bank of America to “Neutral”. The stock has “Buy” rating by Deutsche Bank on Friday, September 18. The firm has “Perform” rating by Oppenheimer given on Tuesday, December 6. The firm has “Conviction Buy” rating given on Tuesday, August 11 by Goldman Sachs. The firm earned “Equal Weight” rating on Tuesday, August 11 by Barclays Capital. The stock of Oaktree Capital Group LLC (NYSE:OAK) has “Buy” rating given on Thursday, June 16 by Deutsche Bank. As per Tuesday, July 18, the company rating was maintained by Oppenheimer. The stock has “Buy” rating by Keefe Bruyette & Woods on Monday, May 29.

Investors sentiment decreased to 0.86 in 2016 Q4. Its down 0.56, from 1.42 in 2016Q3. It turned negative, as 28 investors sold OAK shares while 59 reduced holdings. 23 funds opened positions while 52 raised stakes. 32.76 million shares or 3.53% less from 33.96 million shares in 2016Q3 were reported. North Star Invest Mngmt has invested 0.01% in Oaktree Capital Group LLC (NYSE:OAK). The New York-based Garrison Bradford Associate Inc has invested 0.35% in Oaktree Capital Group LLC (NYSE:OAK). Pinnacle Limited stated it has 0.01% of its portfolio in Oaktree Capital Group LLC (NYSE:OAK). Peak6 Lp has 0.01% invested in Oaktree Capital Group LLC (NYSE:OAK) for 20,457 shares. Brown Advisory reported 11,350 shares or 0% of all its holdings. Iconiq Cap Ltd Liability holds 32,990 shares. Swift Run Mngmt Limited Liability Com invested in 0.16% or 7,075 shares. 3.02 million are owned by Invesco Limited. Kcg Hldgs holds 0.05% or 57,568 shares in its portfolio. Guyasuta Investment Advsr holds 0.14% of its portfolio in Oaktree Capital Group LLC (NYSE:OAK) for 28,561 shares. National Bank & Trust Of America De, North Carolina-based fund reported 1.72 million shares. Morgan Stanley invested in 1.59M shares or 0.02% of the stock. Winslow Evans & Crocker holds 2,750 shares or 0% of its portfolio. Pennsylvania-based Glenmede Tru Na has invested 0% in Oaktree Capital Group LLC (NYSE:OAK). 2,500 were accumulated by Carroll Finance Assocs.

The stock decreased 1.71% or $0.1 on July 27, reaching $5.75. About 9,865 shares traded. Mexco Energy Corporation (MXC) has risen 48.49% since July 27, 2016 and is uptrending. It has outperformed by 31.79% the S&P500.