Andeavor (NYSE:ANDV)‘s stock had its “buy” rating reiterated by analysts at Barclays in a note issued to investors on Wednesday. They currently have a $162.00 price target on the oil and gas company’s stock. Barclays’ price target would suggest a potential upside of 35.99% from the company’s current price.
ANDV has been the topic of a number of other reports. Zacks Investment Research upgraded shares of Andeavor from a “hold” rating to a “strong-buy” rating and set a $118.00 target price on the stock in a report on Tuesday, September 12th. Howard Weil lowered shares of Andeavor from a “sector outperform” rating to a “sector perform” rating and set a $112.00 target price on the stock. in a report on Thursday, September 28th. Piper Jaffray Companies reiterated a “buy” rating and set a $121.00 target price on shares of Andeavor in a report on Friday, November 17th. JPMorgan Chase & Co. reiterated a “buy” rating and set a $121.00 target price on shares of Andeavor in a report on Friday, November 3rd. Finally, Royal Bank of Canada reduced their target price on shares of Andeavor from $109.00 to $107.00 and set a “sector perform” rating on the stock in a report on Friday, November 10th. Seven equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Andeavor currently has an average rating of “Buy” and a consensus price target of $121.32.
Andeavor (NYSE ANDV) traded up $1.74 during trading on Wednesday, reaching $119.13. 1,050,000 shares of the company’s stock were exchanged, compared to its average volume of 1,460,000. The firm has a market cap of $18,580.00, a price-to-earnings ratio of 24.41, a PEG ratio of 0.68 and a beta of 1.55. Andeavor has a 12 month low of $75.11 and a 12 month high of $119.33. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.62 and a current ratio of 1.47.
In other Andeavor news, Director Jeff A. Stevens sold 32,500 shares of the stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $117.07, for a total value of $3,804,775.00. Following the sale, the director now directly owns 1,503,845 shares of the company’s stock, valued at approximately $176,055,134.15. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Michael E. Wiley sold 700 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $106.24, for a total transaction of $74,368.00. Following the completion of the sale, the director now directly owns 41,850 shares in the company, valued at $4,446,144. The disclosure for this sale can be found here. Over the last three months, insiders sold 169,188 shares of company stock worth $18,798,235. Insiders own 0.86% of the company’s stock.
Large investors have recently made changes to their positions in the business. Daiwa SB Investments Ltd. purchased a new stake in shares of Andeavor in the 4th quarter valued at approximately $106,000. Sun Life Financial INC purchased a new stake in shares of Andeavor in the 3rd quarter valued at approximately $110,000. Bollard Group LLC purchased a new stake in shares of Andeavor in the 3rd quarter valued at approximately $123,000. Edge Wealth Management LLC purchased a new stake in shares of Andeavor in the 3rd quarter valued at approximately $128,000. Finally, Bronfman E.L. Rothschild L.P. purchased a new stake in shares of Andeavor in the 3rd quarter valued at approximately $155,000. 78.85% of the stock is currently owned by institutional investors.
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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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