Equities research analysts expect that Andeavor (NYSE:ANDV) will announce earnings of $3.22 per share for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Andeavor’s earnings, with estimates ranging from $2.84 to $3.50. Andeavor reported earnings per share of $1.96 in the same quarter last year, which would indicate a positive year over year growth rate of 64.3%. The company is expected to issue its next earnings report on Tuesday, August 14th.
According to Zacks, analysts expect that Andeavor will report full year earnings of $9.78 per share for the current financial year, with EPS estimates ranging from $8.31 to $11.00. For the next financial year, analysts anticipate that the company will report earnings of $12.00 per share, with EPS estimates ranging from $8.42 to $17.00. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Andeavor.
Andeavor (NYSE:ANDV) last announced its earnings results on Monday, May 7th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $9.62 billion. During the same period in the previous year, the business posted $0.42 earnings per share. Andeavor’s revenue for the quarter was up 55.2% on a year-over-year basis.
ANDV has been the subject of several research analyst reports. Wells Fargo & Co lowered shares of Andeavor from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 8th. Credit Suisse Group reiterated an “outperform” rating and set a $148.00 target price on shares of Andeavor in a research report on Wednesday, March 7th. ValuEngine upgraded shares of Andeavor from a “hold” rating to a “buy” rating in a research report on Friday, March 2nd. Jefferies Financial Group upgraded shares of Andeavor from a “hold” rating to a “buy” rating and set a $108.00 target price for the company in a research report on Thursday, May 3rd. Finally, JPMorgan Chase & Co. dropped their target price on shares of Andeavor from $133.00 to $131.00 and set an “overweight” rating for the company in a research report on Monday, April 9th. Eleven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Andeavor has a consensus rating of “Hold” and a consensus price target of $129.90.
In other Andeavor news, Director Paul L. Foster sold 58,800 shares of Andeavor stock in a transaction that occurred on Tuesday, June 19th. The shares were sold at an average price of $138.51, for a total transaction of $8,144,388.00. Following the transaction, the director now directly owns 1,317,912 shares of the company’s stock, valued at $182,543,991.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul L. Foster sold 212,400 shares of Andeavor stock in a transaction that occurred on Tuesday, April 10th. The stock was sold at an average price of $107.47, for a total transaction of $22,826,628.00. Following the transaction, the director now directly owns 1,379,220 shares in the company, valued at $148,224,773.40. The disclosure for this sale can be found here. Insiders have sold 1,068,621 shares of company stock worth $135,635,333 over the last three months. Insiders own 7.00% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Mount Yale Investment Advisors LLC purchased a new position in shares of Andeavor in the first quarter worth $229,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Andeavor in the first quarter worth $272,000. 180 Wealth Advisors LLC increased its stake in shares of Andeavor by 48.8% in the first quarter. 180 Wealth Advisors LLC now owns 9,165 shares of the oil and gas company’s stock worth $924,000 after buying an additional 3,004 shares during the period. Suntrust Banks Inc. increased its stake in shares of Andeavor by 6.5% in the first quarter. Suntrust Banks Inc. now owns 32,808 shares of the oil and gas company’s stock worth $3,298,000 after buying an additional 2,012 shares during the period. Finally, Ashburton Jersey Ltd purchased a new position in shares of Andeavor in the first quarter worth $432,000. 81.10% of the stock is currently owned by institutional investors.
Andeavor traded down $1.76, hitting $129.90, during mid-day trading on Wednesday, MarketBeat.com reports. 1,586,121 shares of the company traded hands, compared to its average volume of 1,917,512. Andeavor has a one year low of $89.58 and a one year high of $151.88. The firm has a market cap of $19.72 billion, a PE ratio of 20.08, a PEG ratio of 1.33 and a beta of 1.32. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.41 and a quick ratio of 0.64.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 15th. Shareholders of record on Thursday, May 31st were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 1.82%. The ex-dividend date was Wednesday, May 30th. Andeavor’s dividend payout ratio (DPR) is presently 36.48%.
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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