Zacks Investment Research Lowers Andeavor (NASDAQ:ANDV) to Hold

Zacks Investment Research downgraded shares of Andeavor (NASDAQ:ANDV) from a buy rating to a hold rating in a research report sent to investors on Thursday, October 19th.

According to Zacks, “Andeavor Corp engages in the refining and marketing of petroleum products. The company’s operating segments consists of Refining, Logistics and Marketing. Refining segment refines crude oil and other feed stocks into transportation fuels, such as gasoline and gasoline blend stocks, 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. Logistics segment includes crude oil and natural gas gathering assets, natural gas and natural gas liquid processing assets and crude oil and refined products terminalling, transportation and storage assets. Marketing segment sells transportation fuels through branded and unbranded channels. Its brand portfolio includes ARCO, Shell, Exxon, Mobil, USA Gasoline, Rebel and Tesoro. Andeavor Corp, formerly known as Tesoro Corporation, is headquartered in San Antonio, Texas. “

ANDV has been the subject of several other reports. BidaskClub lowered Andeavor from a buy rating to a hold rating in a report on Tuesday, October 17th. Howard Weil lowered Andeavor from a sector outperform rating to a sector perform rating and set a $112.00 target price for the company. in a report on Thursday, September 28th. Cowen and Company reaffirmed a buy rating and set a $120.00 target price on shares of Andeavor in a report on Thursday, September 28th. Wells Fargo & Company reiterated an outperform rating and set a $127.00 price objective (up from $106.00) on shares of Andeavor in a research report on Tuesday, October 17th. Finally, Scotiabank downgraded Andeavor from an outperform rating to a sector perform rating and boosted their price objective for the stock from $103.00 to $112.00 in a research report on Saturday, September 30th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Andeavor currently has an average rating of Hold and an average price target of $116.00.

Shares of Andeavor (NASDAQ ANDV) traded up 0.95% during trading on Thursday, hitting $105.74. The stock had a trading volume of 1,164,120 shares. The stock has a market cap of $16.59 billion and a price-to-earnings ratio of 37.50. The company’s 50 day moving average price is $104.39 and its 200 day moving average price is $93.88. Andeavor has a 12 month low of $75.11 and a 12 month high of $107.71.

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Large investors have recently made changes to their positions in the company. Bollard Group LLC acquired a new stake in shares of Andeavor during the 3rd quarter valued at $123,000. Edge Wealth Management LLC acquired a new stake in shares of Andeavor during the 3rd quarter valued at $128,000. TCI Wealth Advisors Inc. acquired a new stake in shares of Andeavor during the 3rd quarter valued at $191,000. Calamos Advisors LLC acquired a new stake in shares of Andeavor during the 3rd quarter valued at $211,000. Finally, Intact Investment Management Inc. acquired a new stake in shares of Andeavor during the 3rd quarter valued at $227,000.

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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