Wells Fargo & Company restated their outperform rating on shares of Andeavor (NASDAQ:ANDV) in a report published on Tuesday, October 17th, The Fly reports. Wells Fargo & Company currently has a $127.00 price objective on the stock, up from their previous price objective of $106.00.
Several other equities analysts have also recently commented on the stock. BidaskClub raised shares of Andeavor from a hold rating to a buy rating in a research note on Thursday, August 31st. Barclays PLC reissued an overweight rating and set a $121.00 target price (up previously from $118.00) on shares of Andeavor in a research note on Tuesday, October 10th. Zacks Investment Research raised shares of Andeavor from a hold rating to a strong-buy rating and set a $118.00 target price on the stock in a research note on Tuesday, September 12th. Royal Bank Of Canada reissued a hold rating and set a $101.00 target price on shares of Andeavor in a research note on Friday, October 13th. Finally, Morgan Stanley initiated coverage on shares of Andeavor in a research note on Wednesday, August 2nd. They set an overweight rating on the stock. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $116.00.
Shares of Andeavor (NASDAQ:ANDV) traded up 0.10% during mid-day trading on Tuesday, hitting $104.85. 337,130 shares of the stock were exchanged. The stock has a market cap of $16.45 billion and a PE ratio of 37.18. Andeavor has a one year low of $75.11 and a one year high of $107.71. The company has a 50-day moving average of $104.11 and a 200 day moving average of $93.62.
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Institutional investors and hedge funds have recently made changes to their positions in the company. Edge Wealth Management LLC acquired a new position in shares of Andeavor in the 3rd quarter worth approximately $128,000. TCI Wealth Advisors Inc. acquired a new position in shares of Andeavor in the 3rd quarter worth approximately $191,000. Calamos Advisors LLC acquired a new position in shares of Andeavor in the 3rd quarter worth approximately $211,000. Quantitative Systematic Strategies LLC acquired a new position in shares of Andeavor in the 3rd quarter worth approximately $236,000. Finally, Rehmann Capital Advisory Group acquired a new position in shares of Andeavor in the 3rd quarter worth approximately $239,000.
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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