Citigroup upgraded shares of Andeavor (NYSE:ANDV) from a neutral rating to a buy rating in a research note published on Wednesday, Marketbeat reports. They currently have $132.00 price target on the oil and gas company’s stock.
A number of other equities analysts have also recently issued reports on the company. Zacks Investment Research upgraded Andeavor from a hold rating to a buy rating and set a $133.00 price objective for the company in a report on Monday, January 22nd. Piper Jaffray Companies restated a buy rating and set a $153.00 price objective on shares of Andeavor in a report on Monday, January 22nd. Barclays restated a buy rating and set a $162.00 price objective on shares of Andeavor in a report on Wednesday, January 10th. Credit Suisse Group assumed coverage on Andeavor in a report on Wednesday, January 3rd. They set an outperform rating and a $142.00 price objective for the company. Finally, ValuEngine cut Andeavor from a buy rating to a hold rating in a report on Wednesday, December 20th. Six investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $126.22.
Andeavor (NYSE ANDV) opened at $96.15 on Wednesday. Andeavor has a 1-year low of $75.11 and a 1-year high of $121.71. The company has a current ratio of 1.47, a quick ratio of 0.62 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $15,454.65, a price-to-earnings ratio of 17.85, a P/E/G ratio of 0.95 and a beta of 1.39.
In other news, Director Paul L. Foster sold 5,478 shares of the business’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $116.27, for a total value of $636,927.06. Following the completion of the transaction, the director now directly owns 1,422,847 shares of the company’s stock, valued at approximately $165,434,420.69. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Paul L. Foster sold 45,000 shares of the business’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $108.33, for a total value of $4,874,850.00. Following the completion of the transaction, the director now directly owns 1,447,567 shares of the company’s stock, valued at $156,814,933.11. The disclosure for this sale can be found here. Insiders sold a total of 298,088 shares of company stock valued at $34,122,422 over the last quarter. Company insiders own 0.86% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of Andeavor by 2.1% in the 4th quarter. BlackRock Inc. now owns 10,788,845 shares of the oil and gas company’s stock worth $1,233,595,000 after acquiring an additional 219,535 shares in the last quarter. Boston Partners raised its position in shares of Andeavor by 26.5% in the 4th quarter. Boston Partners now owns 9,484,915 shares of the oil and gas company’s stock worth $1,084,505,000 after acquiring an additional 1,989,609 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Andeavor by 4.2% in the 4th quarter. Bank of New York Mellon Corp now owns 4,071,932 shares of the oil and gas company’s stock worth $465,585,000 after acquiring an additional 164,006 shares in the last quarter. Dimensional Fund Advisors LP bought a new position in shares of Andeavor in the 3rd quarter worth $333,346,000. Finally, Hotchkis & Wiley Capital Management LLC bought a new position in shares of Andeavor in the 3rd quarter worth $214,005,000. 79.93% of the stock is owned by hedge funds and other institutional investors.
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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