Jennison Associates LLC bought a new stake in shares of Andeavor (NASDAQ:ANDV) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 793,675 shares of the company’s stock, valued at approximately $81,868,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of ANDV. Boston Partners acquired a new position in Andeavor during the third quarter valued at $773,141,000. Prudential Financial Inc. acquired a new position in shares of Andeavor in the third quarter worth about $150,513,000. APG Asset Management N.V. acquired a new position in shares of Andeavor in the third quarter worth about $85,187,000. Principal Financial Group Inc. acquired a new position in shares of Andeavor in the third quarter worth about $46,997,000. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of Andeavor in the third quarter worth about $28,288,000.
A number of research analysts have weighed in on ANDV shares. Evercore ISI upgraded shares of Andeavor from an “in-line” rating to an “outperform” rating in a research report on Thursday, November 2nd. Zacks Investment Research upgraded shares of Andeavor from a “hold” rating to a “strong-buy” rating and set a $118.00 price objective for the company in a research report on Tuesday, September 12th. Howard Weil downgraded shares of Andeavor from a “sector outperform” rating to a “sector perform” rating and set a $112.00 price objective for the company. in a research report on Thursday, September 28th. J P Morgan Chase & Co started coverage on shares of Andeavor in a research report on Friday, November 3rd. They issued an “overweight” rating and a $121.00 price objective for the company. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $101.00 price objective on shares of Andeavor in a research report on Friday, October 13th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $117.38.
Andeavor (NASDAQ ANDV) traded up $0.19 during mid-day trading on Monday, hitting $107.40. 139,586 shares of the stock were exchanged, compared to its average volume of 1,180,000. Andeavor has a twelve month low of $75.11 and a twelve month high of $112.21.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.20%.
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Andeavor Company Profile
Andeavor, formerly Tesoro Corporation, is an independent petroleum refining, logistics and marketing company. he Company operates through three segments. The Refining operating segment refines crude oil and other feedstocks into transportation fuels, such as gasoline and gasoline blendstocks, jet fuel and diesel fuel, as well as other products, including heavy fuel oils, liquefied petroleum gas and petroleum coke for sale in bulk markets to a range of customers within its markets.
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