Beddow Capital Management Upped Its Chevron (CVX) Holding; Baidu Ads (BIDU) Shorts Decreased By 8.05%

January 17, 2018 - By Stephen Andrade

Beddow Capital Management Inc increased Chevron Corp (CVX) stake by 96.84% reported in 2017Q3 SEC filing. Beddow Capital Management Inc acquired 15,190 shares as Chevron Corp (CVX)’s stock declined 3.45%. The Beddow Capital Management Inc holds 30,875 shares with $3.18M value, up from 15,685 last quarter. Chevron Corp now has $251.74B valuation. The stock increased 0.40% or $0.53 during the last trading session, reaching $132.54. About 3.33 million shares traded. Chevron Corporation (NYSE:CVX) has risen 6.68% since January 17, 2017 and is uptrending. It has underperformed by 10.02% the S&P500.

Baidu Ads (NASDAQ:BIDU) had a decrease of 8.05% in short interest. BIDU’s SI was 4.40 million shares in January as released by FINRA. Its down 8.05% from 4.79 million shares previously. With 2.53M avg volume, 2 days are for Baidu Ads (NASDAQ:BIDU)’s short sellers to cover BIDU’s short positions. The SI to Baidu Ads’s float is 1.59%. The stock decreased 0.73% or $1.89 during the last trading session, reaching $255.89. About 1.56 million shares traded. Baidu, Inc. (NASDAQ:BIDU) has risen 12.02% since January 17, 2017 and is uptrending. It has underperformed by 4.68% the S&P500.

Since August 1, 2017, it had 0 insider purchases, and 4 selling transactions for $11.07 million activity. On Wednesday, August 2 Yarrington Patricia E sold $4.33M worth of Chevron Corporation (NYSE:CVX) or 39,000 shares. JOHNSON JAMES WILLIAM sold $3.43 million worth of Chevron Corporation (NYSE:CVX) on Tuesday, August 1. Deily Linnet F sold $248,274 worth of stock. On Monday, October 16 Pate R. Hewitt sold $3.06M worth of Chevron Corporation (NYSE:CVX) or 25,500 shares.

Among 34 analysts covering Chevron Corporation (NYSE:CVX), 22 have Buy rating, 1 Sell and 11 Hold. Therefore 65% are positive. Chevron Corporation had 100 analyst reports since August 4, 2015 according to SRatingsIntel. The firm earned “Sector Perform” rating on Wednesday, March 9 by RBC Capital Markets. The stock has “Accumulate” rating by Tudor Pickering on Monday, September 21. The stock has “Buy” rating by Credit Suisse on Wednesday, August 23. The stock of Chevron Corporation (NYSE:CVX) has “Outperform” rating given on Tuesday, December 15 by Cowen & Co. The firm has “Buy” rating by Jefferies given on Thursday, October 19. The firm earned “Buy” rating on Friday, June 23 by Jefferies. Jefferies maintained Chevron Corporation (NYSE:CVX) rating on Monday, July 11. Jefferies has “Buy” rating and $116 target. The firm earned “Buy” rating on Friday, July 21 by Citigroup. RBC Capital Markets maintained the stock with “Sell” rating in Wednesday, December 20 report. Credit Suisse maintained it with “Neutral” rating and $100 target in Monday, November 2 report.

Investors sentiment decreased to 0.95 in 2017 Q3. Its down 0.08, from 1.03 in 2017Q2. It turned negative, as 43 investors sold CVX shares while 696 reduced holdings. 121 funds opened positions while 584 raised stakes. 1.18 billion shares or 1.43% more from 1.16 billion shares in 2017Q2 were reported. Bowen Hanes Inc invested 1.15% in Chevron Corporation (NYSE:CVX). Highvista Strategies Lc holds 0.11% of its portfolio in Chevron Corporation (NYSE:CVX) for 4,161 shares. One Capital Management Lc reported 24,055 shares stake. 12,737 are held by Holderness Investments. 3,436 are held by Horan Cap Ltd Llc. 9,859 are held by Alpha Cubed Ltd Co. Reaves W H Com Inc invested in 494,338 shares or 2.1% of the stock. Century Cos owns 5.10M shares. Deprince Race And Zollo has invested 1.13% in Chevron Corporation (NYSE:CVX). Lipe Dalton reported 1,840 shares or 0.15% of all its holdings. Moreover, Lpl Financial Limited has 0.24% invested in Chevron Corporation (NYSE:CVX) for 575,148 shares. Swiss Comml Bank accumulated 7.02 million shares or 0.94% of the stock. Dekabank Deutsche Girozentrale reported 867,290 shares or 0.73% of all its holdings. Cornercap Invest Counsel accumulated 49,151 shares. Foster Dykema Cabot And Ma holds 2,408 shares.

Beddow Capital Management Inc decreased Dawson Geophysical Company (TGE) stake by 260,734 shares to 1.84 million valued at $14.01M in 2017Q3. It also reduced 1 (NASDAQ:FLWS) stake by 117,545 shares and now owns 735,160 shares. Continental Resources (NYSE:CLR) was reduced too.

Baidu, Inc. provides Internet search services in China and internationally. The company has market cap of $88.85 billion. It operates through three divisions: Search Services, Transaction Services, and IQiyi. It has a 32.68 P/E ratio. It offers Chinese language search platform on its Baidu.com Website that enables users to find relevant information online, including Web pages, news, images, documents, and multimedia files through links provided on its Website; and transaction platform, including Nuomi.com to connect online and offline services provided by third-parties.

Among 24 analysts covering Baidu (NASDAQ:BIDU), 9 have Buy rating, 4 Sell and 11 Hold. Therefore 38% are positive. Baidu had 56 analyst reports since July 28, 2015 according to SRatingsIntel. As per Tuesday, October 31, the company rating was maintained by Oppenheimer. The firm earned “Buy” rating on Friday, July 28 by Oppenheimer. The company was downgraded on Monday, June 13 by Citigroup. Jefferies upgraded the shares of BIDU in report on Monday, August 31 to “Buy” rating. Barclays Capital maintained Baidu, Inc. (NASDAQ:BIDU) rating on Monday, October 30. Barclays Capital has “Equal-Weight” rating and $240 target. As per Friday, October 27, the company rating was maintained by Jefferies. Jefferies maintained Baidu, Inc. (NASDAQ:BIDU) rating on Tuesday, October 3. Jefferies has “Buy” rating and $232.0 target. As per Wednesday, May 11, the company rating was maintained by Morgan Stanley. The firm has “Buy” rating by Nomura given on Monday, July 31. Macquarie Research upgraded the stock to “Buy” rating in Friday, July 28 report.

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