Bank of Montreal Can lifted its stake in shares of Andeavor Logistics LP (NYSE:ANDX) by 20.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,320,440 shares of the oil and gas company’s stock after purchasing an additional 220,558 shares during the quarter. Bank of Montreal Can owned 0.61% of Andeavor Logistics worth $60,991,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in ANDX. BB&T Corp bought a new stake in shares of Andeavor Logistics during the 3rd quarter valued at $501,000. First Trust Advisors LP bought a new position in Andeavor Logistics in the 3rd quarter worth about $4,489,000. Saratoga Research & Investment Management bought a new position in Andeavor Logistics in the 3rd quarter worth about $169,000. Cedar Wealth Management LLC bought a new position in Andeavor Logistics in the 3rd quarter worth about $169,000. Finally, State of New Jersey Common Pension Fund D bought a new position in Andeavor Logistics in the 3rd quarter worth about $8,280,000. Institutional investors own 35.11% of the company’s stock.
A number of equities analysts have weighed in on the company. Jefferies Group upped their target price on Andeavor Logistics from $41.00 to $45.00 and gave the stock a “hold” rating in a research note on Monday, November 20th. SunTrust Banks set a $50.00 target price on Andeavor Logistics and gave the stock a “buy” rating in a research note on Friday, November 17th. Zacks Investment Research lowered Andeavor Logistics from a “buy” rating to a “hold” rating in a research note on Monday, January 22nd. Bank of America assumed coverage on Andeavor Logistics in a research note on Tuesday, January 9th. They issued a “buy” rating on the stock. Finally, Scotiabank set a $59.00 target price on Andeavor Logistics and gave the stock a “buy” rating in a research note on Thursday, December 7th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. Andeavor Logistics presently has an average rating of “Hold” and a consensus target price of $54.15.
Andeavor Logistics LP (NYSE ANDX) traded down $0.51 on Friday, hitting $47.73. The stock had a trading volume of 1,200,556 shares, compared to its average volume of 577,761. Andeavor Logistics LP has a 1 year low of $42.18 and a 1 year high of $60.14. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market cap of $10,315.22, a PE ratio of 20.31, a P/E/G ratio of 3.08 and a beta of 1.23.
Andeavor Logistics (NYSE:ANDX) last posted its quarterly earnings data on Wednesday, November 8th. The oil and gas company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.23. The firm had revenue of $444.00 million during the quarter, compared to analysts’ expectations of $414.69 million. Andeavor Logistics had a return on equity of 22.48% and a net margin of 23.50%. The company’s revenue for the quarter was up 44.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.46 EPS. research analysts expect that Andeavor Logistics LP will post 2.78 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 14th. Investors of record on Wednesday, January 31st will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Tuesday, January 30th. This is a boost from Andeavor Logistics’s previous quarterly dividend of $0.99. This represents a $4.00 annualized dividend and a yield of 8.38%. Andeavor Logistics’s dividend payout ratio is currently 170.21%.
In other Andeavor Logistics news, Director Jeff A. Stevens purchased 1,144 shares of the stock in a transaction on Monday, December 4th. The stock was acquired at an average price of $46.75 per share, with a total value of $53,482.00. Following the transaction, the director now directly owns 2,229 shares of the company’s stock, valued at approximately $104,205.75. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Steven Sterin purchased 1,400 shares of the stock in a transaction on Friday, December 1st. The shares were acquired at an average cost of $45.53 per share, with a total value of $63,742.00. Following the transaction, the insider now directly owns 9,714 shares in the company, valued at $442,278.42. The disclosure for this purchase can be found here. Corporate insiders own 0.15% of the company’s stock.
About Andeavor Logistics
Andeavor Logistics LP, formerly Tesoro Logistics LP, is a full-service logistics company operating in the western and mid-continent regions of the United States. The Company operates through three segments. Its Gathering segment consists of crude oil, natural gas and produced water gathering systems in the Bakken Region and Rockies Region.
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