Mackenzie Financial Corp acquired a new stake in Andeavor (NYSE:ANDV) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 79,005 shares of the oil and gas company’s stock, valued at approximately $9,033,000. Mackenzie Financial Corp owned about 0.05% of Andeavor at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the stock. Commerzbank Aktiengesellschaft FI lifted its position in shares of Andeavor by 0.7% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 64,661 shares of the oil and gas company’s stock valued at $7,393,000 after purchasing an additional 445 shares in the last quarter. Nisa Investment Advisors LLC raised its position in Andeavor by 0.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 71,194 shares of the oil and gas company’s stock worth $8,140,000 after acquiring an additional 483 shares during the period. Sigma Planning Corp raised its position in Andeavor by 32.6% in the fourth quarter. Sigma Planning Corp now owns 2,735 shares of the oil and gas company’s stock worth $313,000 after acquiring an additional 673 shares during the period. Capital Innovations LLC increased its stake in shares of Andeavor by 9.1% in the fourth quarter. Capital Innovations LLC now owns 8,250 shares of the oil and gas company’s stock worth $943,000 after purchasing an additional 685 shares in the last quarter. Finally, Norinchukin Bank The increased its stake in shares of Andeavor by 6.8% in the fourth quarter. Norinchukin Bank The now owns 11,474 shares of the oil and gas company’s stock worth $1,312,000 after purchasing an additional 730 shares in the last quarter. 79.59% of the stock is owned by institutional investors and hedge funds.
Andeavor (NYSE:ANDV) traded up $0.86 on Wednesday, reaching $99.43. The company’s stock had a trading volume of 1,449,447 shares, compared to its average volume of 1,729,037. Andeavor has a 52 week low of $75.11 and a 52 week high of $121.71. The stock has a market capitalization of $15,250.00, a price-to-earnings ratio of 25.06, a PEG ratio of 1.00 and a beta of 1.50. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.38 and a quick ratio of 0.65.
Andeavor (NYSE:ANDV) last issued its quarterly earnings results on Thursday, February 15th. The oil and gas company reported $0.37 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.18 by ($0.81). Andeavor had a return on equity of 6.86% and a net margin of 4.37%. The business had revenue of $10.65 billion for the quarter, compared to analysts’ expectations of $10.79 billion. research analysts predict that Andeavor will post 9.98 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date is Tuesday, February 27th. Andeavor’s payout ratio is presently 59.45%.
In other news, VP Blane W. Peery sold 1,012 shares of the company’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $89.64, for a total transaction of $90,715.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeff A. Stevens sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $111.24, for a total value of $2,781,000.00. Following the sale, the director now 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. Insiders sold 254,100 shares of company stock valued at $29,338,288 over the last three months. 0.86% of the stock is currently owned by corporate insiders.
ANDV has been the subject of several recent analyst reports. Barclays reaffirmed a “buy” rating and set a $162.00 price objective on shares of Andeavor in a research note on Wednesday, January 10th. Piper Jaffray Companies restated a “buy” rating and issued a $153.00 price objective on shares of Andeavor in a report on Monday, January 22nd. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $130.00 price target (down from $138.00) on shares of Andeavor in a report on Tuesday, February 20th. Citigroup raised shares of Andeavor from a “neutral” rating to a “buy” rating and set a $132.00 price objective on the stock in a research report on Wednesday, February 14th. Finally, Credit Suisse Group initiated coverage on shares of Andeavor in a research report on Wednesday, January 3rd. They issued an “outperform” rating and a $142.00 target price on the stock. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average 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.
Receive News & Ratings for Andeavor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Andeavor and related companies with MarketBeat.com's FREE daily email newsletter.