Andeavor (NYSE:ANDV) has been assigned a $182.00 price target by equities research analysts at Morgan Stanley in a research report issued to clients and investors on Tuesday. The brokerage presently has a “hold” rating on the oil and gas company’s stock. Morgan Stanley’s price objective indicates a potential upside of 24.21% from the stock’s current price.
A number of other equities analysts have also recently commented on ANDV. Citigroup reaffirmed a “neutral” rating on shares of Andeavor in a research note on Monday, January 22nd. Piper Jaffray Companies reiterated a “buy” rating and set a $153.00 price objective on shares of Andeavor in a report on Monday, January 22nd. Zacks Investment Research upgraded shares of Andeavor from a “hold” rating to a “buy” rating and set a $133.00 price objective for the company in a report on Monday, January 22nd. JPMorgan Chase reiterated an “overweight” rating and set a $130.00 price objective (down previously from $138.00) on shares of Andeavor in a report on Tuesday, February 20th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $112.00 price objective on shares of Andeavor in a report on Friday, February 23rd. Ten equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $127.97.
Shares of Andeavor traded up $2.46, reaching $146.53, on Tuesday, Marketbeat.com reports. The company’s stock had a trading volume of 51,580 shares, compared to its average volume of 3,048,380. Andeavor has a 52-week low of $82.01 and a 52-week high of $147.28. The stock has a market capitalization of $21.87 billion, a P/E ratio of 22.39, a PEG ratio of 1.60 and a beta of 1.35. The company has a quick ratio of 0.64, a current ratio of 1.41 and a debt-to-equity ratio of 0.64.
Andeavor (NYSE:ANDV) last issued its quarterly earnings data on Monday, May 7th. The oil and gas company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.07. Andeavor had a net margin of 4.27% and a return on equity of 6.51%. The business had revenue of $10.30 billion during the quarter, compared to analysts’ expectations of $9.62 billion. During the same period last year, the company posted $0.42 EPS. The business’s revenue was up 55.2% on a year-over-year basis. analysts expect that Andeavor will post 9.07 earnings per share for the current year.
In other Andeavor news, Director Paul L. Foster sold 212,400 shares of the business’s stock in a transaction that occurred on Tuesday, April 10th. The shares were sold at an average price of $107.47, for a total transaction of $22,826,628.00. Following the sale, the director now owns 1,379,220 shares of the company’s stock, valued at approximately $148,224,773.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jeff A. Stevens sold 32,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 16th. The stock was sold at an average price of $140.75, for a total transaction of $4,574,375.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 916,795 shares of company stock worth $113,832,138. 7.00% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in ANDV. State of Tennessee Treasury Department boosted its holdings in shares of Andeavor by 219.5% in the 4th quarter. State of Tennessee Treasury Department now owns 517,128 shares of the oil and gas company’s stock valued at $59,128,000 after acquiring an additional 355,260 shares during the last quarter. Shell Asset Management Co. purchased a new stake in Andeavor during the fourth quarter worth $8,272,000. Harbour Capital Advisors LLC purchased a new stake in Andeavor during the fourth quarter worth $593,000. IBM Retirement Fund boosted its holdings in Andeavor by 72.9% during the fourth quarter. IBM Retirement Fund now owns 3,936 shares of the oil and gas company’s stock worth $494,000 after buying an additional 1,660 shares in the last quarter. Finally, Intrust Bank NA purchased a new stake in Andeavor during the fourth quarter worth $207,000. 81.40% of the stock is currently owned by institutional investors.
Andeavor Company Profile
Andeavor, through its subsidiaries, operates as an independent petroleum refining, logistics, and marketing company in the United States. The company operates in three segments: Marketing, Logistics, and Refining. The Marketing segment sells gasoline and diesel fuel through retail, branded, and unbranded channels.
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