Financial Advocates Investment Management bought a new position in Andeavor (NYSE:ANDV) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,254 shares of the oil and gas company’s stock, valued at approximately $829,000.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. BlackRock Inc. grew its stake in shares of Andeavor by 2.1% in the fourth quarter. BlackRock Inc. now owns 10,788,845 shares of the oil and gas company’s stock worth $1,233,595,000 after purchasing an additional 219,535 shares during the last quarter. Boston Partners grew its stake in shares of Andeavor by 26.5% in the fourth quarter. Boston Partners now owns 9,484,915 shares of the oil and gas company’s stock worth $1,084,505,000 after purchasing an additional 1,989,609 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Andeavor by 4.2% in the fourth 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 purchasing an additional 164,006 shares during the last quarter. Dimensional Fund Advisors LP bought a new stake in shares of Andeavor in the third quarter worth about $333,346,000. Finally, Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Andeavor in the third quarter worth about $214,005,000. 79.59% of the stock is currently owned by institutional investors.
In related news, VP Blane W. Peery sold 1,012 shares of the business’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $89.64, for a total value of $90,715.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul L. Foster sold 51,700 shares of the business’s stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $120.97, for a total transaction of $6,254,149.00. The disclosure for this sale can be found here. Insiders have sold 254,100 shares of company stock valued at $29,338,288 over the last quarter. Company insiders own 0.86% of the company’s stock.
Several analysts have commented on the stock. Credit Suisse Group restated an “outperform” rating and issued a $148.00 price objective on shares of Andeavor in a report on Wednesday, March 7th. Wells Fargo restated an “outperform” rating and issued a $162.00 price objective on shares of Andeavor in a report on Thursday. They noted that the move was a valuation call. JPMorgan Chase & Co. restated an “overweight” rating and issued a $133.00 price objective (up from $130.00) on shares of Andeavor in a report on Tuesday, March 13th. ValuEngine lowered shares of Andeavor from a “buy” rating to a “hold” rating in a report on Wednesday, November 22nd. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $138.00 price objective on shares of Andeavor in a report on Friday, February 23rd. Six investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $127.83.
Andeavor (NYSE ANDV) opened at $99.20 on Friday. Andeavor has a 1-year low of $75.11 and a 1-year high of $121.71. The stock has a market cap of $15,253.39, a P/E ratio of 17.87, a PEG ratio of 1.00 and a beta of 1.51. 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 (NYSE:ANDV) last released its earnings results on Thursday, February 15th. The oil and gas company reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.18 by ($0.81). Andeavor had a net margin of 4.37% and a return on equity of 6.86%. The business had revenue of $10.65 billion for the quarter, compared to analysts’ expectations of $10.79 billion. sell-side analysts predict that Andeavor will post 9.86 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $2.36 annualized dividend and a dividend yield of 2.38%. Andeavor’s payout ratio is 23.89%.
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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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