New Mexico Educational Retirement Board grew its position in shares of Andeavor (NYSE:ANDV) by 23.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,892 shares of the oil and gas company’s stock after purchasing an additional 2,600 shares during the period. New Mexico Educational Retirement Board’s holdings in Andeavor were worth $1,588,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ANDV. Boston Partners purchased a new position in Andeavor in the third quarter worth $773,141,000. Bank of New York Mellon Corp purchased a new position in Andeavor in the third quarter worth $403,103,000. Dimensional Fund Advisors LP purchased a new position in Andeavor in the third quarter worth $333,346,000. Hotchkis & Wiley Capital Management LLC purchased a new position in Andeavor in the third quarter worth $214,005,000. Finally, Prudential Financial Inc. purchased a new position in Andeavor in the third quarter worth $150,513,000. Hedge funds and other institutional investors own 79.59% of the company’s stock.
In other news, Director Paul L. Foster sold 51,510 shares of the company’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $110.54, for a total transaction of $5,693,915.40. Following the completion of the transaction, the director now directly owns 1,436,847 shares of the company’s stock, valued at $158,829,067.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jeff A. Stevens sold 25,000 shares of the company’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $111.24, for a total transaction of $2,781,000.00. Following the transaction, the director now directly owns 1,529,174 shares of the company’s stock, valued at $170,105,315.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 254,100 shares of company stock valued at $29,338,288. Insiders own 0.86% of the company’s stock.
Shares of Andeavor (ANDV) traded up $0.86 during trading hours on Wednesday, hitting $99.43. 1,449,447 shares of the stock traded hands, compared to its average volume of 1,970,000. The company has a market capitalization of $15,290.00, a P/E ratio of 25.05, a price-to-earnings-growth ratio of 1.00 and a beta of 1.50. The company has a current ratio of 1.38, a quick ratio of 0.65 and a debt-to-equity ratio of 0.57. Andeavor has a 52-week low of $75.11 and a 52-week high of $121.71.
Andeavor (NYSE:ANDV) last issued its quarterly earnings data on Thursday, February 15th. The oil and gas company reported $0.37 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.81). The firm had revenue of $10.65 billion for the quarter, compared to the consensus estimate of $10.79 billion. Andeavor had a net margin of 4.37% and a return on equity of 6.86%. equities research analysts expect that Andeavor will post 9.98 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.37%. The ex-dividend date is Tuesday, February 27th. Andeavor’s dividend payout ratio (DPR) is 59.45%.
Several research analysts recently issued reports on ANDV shares. Zacks Investment Research lowered shares of Andeavor from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. Piper Jaffray Companies reiterated a “buy” rating and issued a $121.00 target price on shares of Andeavor in a research report on Friday, November 17th. Barclays upped their target price on shares of Andeavor from $121.00 to $147.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 14th. Citigroup upgraded shares of Andeavor from a “neutral” rating to a “buy” rating and set a $132.00 target price for the company in a research report on Wednesday, February 14th. Finally, ValuEngine downgraded shares of Andeavor from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. Six equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Andeavor presently has an average rating of “Buy” and a consensus price target of $126.67.
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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