Rivernorth Capital Management Lowered By $1.14 Million Its Mfs Charter Income Tr (MCR) Position; Occidental Petroleum (OXY) Shorts Down By 11.92%

June 20, 2017 - By marketbeat

Rivernorth Capital Management Llc decreased Mfs Charter Income Tr (MCR) stake by 12.21% reported in 2016Q4 SEC filing. Rivernorth Capital Management Llc sold 142,082 shares as Mfs Charter Income Tr (MCR)’s stock rose 0.82%. The Rivernorth Capital Management Llc holds 1.02M shares with $8.70 million value, down from 1.16M last quarter. Mfs Charter Income Tr now has $464.31 million valuation. It is 0.04% or $0 reaching $8.69 per share. It is down 6.51% since June 20, 2016 and is uptrending. It has underperformed by 10.19% the S&P500.

Occidental Petroleum Corporation (NYSE:OXY) had a decrease of 11.92% in short interest. OXY’s SI was 14.80M shares in June as released by FINRA. Its down 11.92% from 16.80 million shares previously. With 5.91M avg volume, 3 days are for Occidental Petroleum Corporation (NYSE:OXY)’s short sellers to cover OXY’s short positions. The SI to Occidental Petroleum Corporation’s float is 1.94%. About 2.47M shares traded. Occidental Petroleum Corporation (NYSE:OXY) has declined 18.97% since June 20, 2016 and is downtrending. It has underperformed by 35.67% the S&P500.

Rivernorth Capital Management Llc increased Virtus Global Multi (VGI) stake by 55,922 shares to 250,676 valued at $3.84M in 2016Q4. It also upped Eaton Vance Sr Income Tr (EVF) stake by 62,280 shares and now owns 925,532 shares. Pacholder High Yield Fd Inc (PHF) was raised too.

Investors sentiment decreased to 1.05 in Q4 2016. Its down 0.30, from 1.35 in 2016Q3. It dropped, as 6 investors sold MCR shares while 13 reduced holdings. 4 funds opened positions while 16 raised stakes. 13.67 million shares or 3.14% less from 14.11 million shares in 2016Q3 were reported. Vermont-based Rock Point Llc has invested 0.05% in MFS Charter Income Trust (NYSE:MCR). Sit Investment Assocs Inc holds 1.82 million shares. 1.02M are held by Rivernorth Management Llc. 9,400 are owned by Payden Rygel. The California-based Reilly Advsr Ltd Company has invested 0% in MFS Charter Income Trust (NYSE:MCR). Bartlett Co Limited Co accumulated 0% or 575 shares. Royal Bancshares Of Canada reported 20,974 shares stake. 1607 Prtnrs Limited invested in 1.32 million shares. M&R Cap Mngmt Incorporated reported 10,000 shares. North Star Inv Mgmt holds 550 shares or 0% of its portfolio. Commonwealth Equity Service, Massachusetts-based fund reported 20,892 shares. Gilman Hill Asset Mngmt Limited Liability Corporation stated it has 56,700 shares. Invesco Limited holds 0% or 678,330 shares. Lpl Financial Llc invested in 0% or 47,926 shares. Creative Planning invested in 0% or 6,675 shares.

Among 19 analysts covering Occidental Petroleum Corporation (NYSE:OXY), 5 have Buy rating, 1 Sell and 13 Hold. Therefore 26% are positive. Occidental Petroleum Corporation had 47 analyst reports since August 3, 2015 according to SRatingsIntel. JP Morgan downgraded Occidental Petroleum Corporation (NYSE:OXY) on Monday, May 9 to “Neutral” rating. The firm has “Sell” rating given on Friday, April 21 by Barclays Capital. Bank of America downgraded the shares of OXY in report on Wednesday, January 4 to “Neutral” rating. On Tuesday, March 14 the stock rating was upgraded by Credit Suisse to “Outperform”. The stock of Occidental Petroleum Corporation (NYSE:OXY) earned “Sector Perform” rating by Iberia Capital Partners on Thursday, December 17. UBS maintained the stock with “Neutral” rating in Thursday, August 4 report. The stock of Occidental Petroleum Corporation (NYSE:OXY) has “Hold” rating given on Monday, April 3 by Jefferies. The stock of Occidental Petroleum Corporation (NYSE:OXY) earned “Hold” rating by Jefferies on Tuesday, January 12. On Wednesday, March 15 the stock rating was upgraded by Bank of America to “Buy”. The rating was downgraded by Mizuho on Monday, February 13 to “Neutral”.

Investors sentiment decreased to 1.03 in Q4 2016. Its down 0.01, from 1.04 in 2016Q3. It turned negative, as 66 investors sold Occidental Petroleum Corporation shares while 349 reduced holdings. 87 funds opened positions while 340 raised stakes. 608.36 million shares or 0.76% more from 603.77 million shares in 2016Q3 were reported. Shoker Investment Counsel owns 0.45% invested in Occidental Petroleum Corporation (NYSE:OXY) for 7,643 shares. Sit Inv holds 0.78% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY) for 416,530 shares. Tudor Et Al holds 0.01% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY) for 7,805 shares. Of Toledo Na Oh holds 0.07% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY) for 3,495 shares. Van Den Berg Mgmt I Inc invested in 1.2% or 142,070 shares. 15,996 are held by Tci Wealth Advsrs. Efg Asset Mngmt (Americas) Corp reported 21,844 shares or 0.68% of all its holdings. Burns J W & Communications Inc New York holds 0.56% or 26,638 shares. Camarda Advisors Llc stated it has 0.05% in Occidental Petroleum Corporation (NYSE:OXY). Carroll Associates Incorporated stated it has 0.1% in Occidental Petroleum Corporation (NYSE:OXY). Washington Tru reported 90,487 shares stake. Bridgeway Cap Management Inc holds 0% or 3,610 shares. Eagle Asset Mgmt stated it has 1.71M shares. Flossbach Von Storch Ag holds 0.19% or 168,760 shares. Principal accumulated 1.06M shares or 0.1% of the stock.

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