Polianta Ltd bought a new stake in shares of Andeavor (NYSE:ANDV) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 11,300 shares of the oil and gas company’s stock, valued at approximately $1,292,000.
Several other institutional investors and hedge funds have also added to or reduced their stakes in ANDV. PGGM Investments purchased a new stake in shares of Andeavor in the third quarter valued at approximately $3,007,000. Mutual of America Capital Management LLC purchased a new stake in Andeavor during the third quarter worth $2,421,000. TCI Wealth Advisors Inc. purchased a new stake in Andeavor during the third quarter worth $191,000. Advisors Asset Management Inc. acquired a new position in shares of Andeavor during the third quarter worth $14,622,000. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of Andeavor during the third quarter worth $28,288,000. 78.86% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have recently issued reports on ANDV shares. Zacks Investment Research raised Andeavor from a “hold” rating to a “buy” rating and set a $119.00 price target on the stock in a research report on Tuesday, October 10th. Piper Jaffray Companies reissued a “buy” rating and issued a $121.00 target price on shares of Andeavor in a research report on Friday, November 17th. BidaskClub raised Andeavor from a “hold” rating to a “buy” rating in a research report on Saturday, October 7th. Royal Bank of Canada reissued a “hold” rating and issued a $101.00 target price on shares of Andeavor in a research report on Friday, October 13th. Finally, Barclays increased their price target on Andeavor from $121.00 to $147.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 14th. Seven investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $121.32.
Shares of Andeavor (NYSE ANDV) traded up $0.18 during trading on Tuesday, reaching $119.31. 631,112 shares of the company were exchanged, compared to its average volume of 1,239,489. The stock has a market cap of $18,650.00, a price-to-earnings ratio of 24.45, a PEG ratio of 0.68 and a beta of 1.55. Andeavor has a 1 year low of $75.11 and a 1 year high of $119.33. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.47 and a quick ratio of 0.62.
Andeavor (NYSE:ANDV) last issued its quarterly earnings results on Wednesday, November 8th. The oil and gas company reported $2.70 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.03 by ($0.33). The company had revenue of $9.84 billion during the quarter, compared to analysts’ expectations of $9.94 billion. Andeavor had a net margin of 2.35% and a return on equity of 7.15%. The firm’s revenue was up 50.3% on a year-over-year basis. equities analysts anticipate that Andeavor will post 6.9 EPS for the current fiscal year.
In other Andeavor news, EVP Keith M. Casey sold 9,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $103.60, for a total value of $932,400.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Michael E. Wiley sold 700 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $106.24, for a total transaction of $74,368.00. Following the completion of the transaction, the director now directly owns 41,850 shares in the company, valued at $4,446,144. The disclosure for this sale can be found here. Insiders sold a total of 169,188 shares of company stock worth $18,798,235 over the last ninety days. 0.86% of the stock is currently owned by corporate insiders.
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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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