BidaskClub downgraded shares of Andeavor (NASDAQ:ANDV) from a buy rating to a hold rating in a research note released on Tuesday, October 17th.
A number of other equities analysts also recently commented on ANDV. Howard Weil downgraded shares of Andeavor from a sector outperform rating to a sector perform rating and set a $112.00 price objective for the company. in a research report on Thursday, September 28th. Cowen and Company restated a buy rating and set a $120.00 price objective on shares of Andeavor in a research report on Thursday, September 28th. Scotiabank downgraded shares of Andeavor from an outperform rating to a sector perform rating and increased their price target for the company from $103.00 to $112.00 in a report on Saturday, September 30th. Jefferies Group LLC downgraded shares of Andeavor from a buy rating to a hold rating in a report on Monday, October 16th. Finally, Morgan Stanley assumed coverage on shares of Andeavor in a report on Wednesday, August 2nd. They issued an overweight rating for the company. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Andeavor currently has a consensus rating of Hold and an average target price of $116.00.
Shares of Andeavor (ANDV) opened at 105.74 on Tuesday. The firm has a market cap of $16.59 billion and a price-to-earnings ratio of 37.50. The company’s 50-day moving average is $104.11 and its 200 day moving average is $93.62. Andeavor has a 52-week low of $75.11 and a 52-week high of $107.71.
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Several institutional investors and hedge funds have recently made changes to their positions in the company. Conning Inc. purchased a new position in shares of Andeavor in the 3rd quarter valued at about $340,000. Bollard Group LLC purchased a new position in shares of Andeavor in the 3rd quarter valued at about $123,000. Victory Capital Management Inc. purchased a new position in shares of Andeavor in the 3rd quarter valued at about $1,948,000. Intact Investment Management Inc. acquired a new stake in Andeavor in the 3rd quarter valued at about $227,000. Finally, OLD National Bancorp IN acquired a new stake in Andeavor in the 3rd quarter valued at about $488,000.
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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