Shares of Andeavor Logistics LP (NYSE:ANDX) have received a consensus rating of “Buy” from the fifteen brokerages that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $53.95.
ANDX has been the topic of several research reports. Citigroup initiated coverage on Andeavor Logistics in a research note on Monday, January 22nd. They issued a “buy” rating and a $52.52 target price on the stock. Credit Suisse Group initiated coverage on Andeavor Logistics in a research note on Thursday, January 4th. They issued a “neutral” rating and a $48.00 target price on the stock. Zacks Investment Research upgraded Andeavor Logistics from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a research note on Wednesday, January 17th. Bank of America initiated coverage on Andeavor Logistics in a research note on Tuesday, January 9th. They issued a “buy” rating on the stock. Finally, SunTrust Banks set a $50.00 target price on Andeavor Logistics and gave the company a “buy” rating in a research note on Friday, November 17th.
Andeavor Logistics (NYSE:ANDX) opened at $46.59 on Friday. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.07 and a quick ratio of 1.07. Andeavor Logistics has a 1 year low of $42.18 and a 1 year high of $55.79. The firm has a market capitalization of $10,170.00, a price-to-earnings ratio of 20.00, a price-to-earnings-growth ratio of 3.98 and a beta of 1.28.
Andeavor Logistics (NYSE:ANDX) last issued its earnings results on Thursday, February 15th. The oil and gas company reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by ($0.21). The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $519.00 million. Andeavor Logistics had a net margin of 14.67% and a return on equity of 19.31%. equities analysts expect that Andeavor Logistics will post 2.89 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Wednesday, January 31st were paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 8.59%. This is a positive change from Andeavor Logistics’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend was Tuesday, January 30th. Andeavor Logistics’s payout ratio is presently 171.67%.
In related news, Director Jeff A. Stevens acquired 1,980 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were bought at an average cost of $46.90 per share, for a total transaction of $92,862.00. Following the purchase, the director now owns 240,150 shares in the company, valued at approximately $11,263,035. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeff A. Stevens acquired 41,835 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were bought at an average price of $47.29 per share, for a total transaction of $1,978,377.15. Following the completion of the purchase, the director now owns 259,474 shares in the company, valued at approximately $12,270,525.46. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 83,929 shares of company stock worth $3,944,382. 0.15% of the stock is currently owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in ANDX. Tortoise Capital Advisors L.L.C. bought a new stake in shares of Andeavor Logistics during the 3rd quarter valued at $612,571,000. Center Coast Capital Advisors LP bought a new position in Andeavor Logistics in the 3rd quarter worth about $304,622,000. Alps Advisors Inc. bought a new position in Andeavor Logistics in the 3rd quarter worth about $301,485,000. Harvest Fund Advisors LLC bought a new position in Andeavor Logistics in the 3rd quarter worth about $288,697,000. Finally, Brookfield Asset Management Inc. bought a new position in Andeavor Logistics in the 4th quarter worth about $216,686,000. Institutional investors own 40.31% of the company’s stock.
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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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