Old Mutual Global Investors UK Ltd. purchased a new position in Andeavor (NYSE:ANDV) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 6,400 shares of the oil and gas company’s stock, valued at approximately $731,000.
Other institutional investors have also recently made changes to their positions in the company. Daiwa SB Investments Ltd. purchased a new position in Andeavor during the fourth quarter valued at $106,000. Sun Life Financial INC purchased a new position in Andeavor during the third quarter valued at $110,000. Cerebellum GP LLC purchased a new position in Andeavor during the fourth quarter valued at $127,000. Bollard Group LLC purchased a new position in Andeavor during the third quarter valued at $123,000. Finally, Edge Wealth Management LLC purchased a new position in Andeavor during the third quarter valued at $128,000. 79.93% of the stock is owned by institutional investors and hedge funds.
In related news, Director Paul L. Foster sold 45,000 shares of Andeavor stock in a transaction dated 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 sale, the director now directly owns 1,447,567 shares in the company, valued at approximately $156,814,933.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Paul L. Foster sold 54,400 shares of Andeavor stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $114.99, for a total value of $6,255,456.00. Following the completion of the sale, the director now owns 1,413,468 shares of the company’s stock, valued at $162,534,685.32. 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. 0.86% of the stock is owned by corporate insiders.
ANDV has been the subject of several recent research reports. Evercore ISI raised Andeavor to a “buy” rating and set a $128.00 price objective for the company in a research report on Thursday, November 2nd. JPMorgan Chase & Co. restated a “buy” rating and set a $121.00 price target on shares of Andeavor in a report on Friday, November 3rd. BidaskClub upgraded Andeavor from a “hold” rating to a “buy” rating in a report on Tuesday, November 7th. Royal Bank of Canada restated a “sector perform” rating and set a $107.00 price target (down from $109.00) on shares of Andeavor in a report on Thursday, November 9th. Finally, Barclays raised their price target on Andeavor from $121.00 to $147.00 and gave the company an “overweight” rating in a report on Tuesday, November 14th. Six analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $126.22.
Shares of Andeavor (NYSE ANDV) opened at $96.15 on Friday. Andeavor has a twelve month low of $75.11 and a twelve month high of $121.71. The company has a market capitalization of $14,999.11, a PE ratio of 17.32, a P/E/G ratio of 0.92 and a beta of 1.39. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.47 and a quick ratio of 0.62.
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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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