Andeavor Logistics Target of Unusually High Options Trading (ANDX)

Andeavor Logistics LP (NYSE:ANDX) was the target of some unusual options trading activity on Thursday. Stock investors bought 427 put options on the company. This is an increase of approximately 624% compared to the average volume of 59 put options.

In other Andeavor Logistics news, insider Steven Sterin bought 1,400 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were acquired at an average price of $45.53 per share, with a total value of $63,742.00. Following the purchase, the insider now owns 9,714 shares in the company, valued at approximately $442,278.42. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jeff A. Stevens bought 1,144 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was acquired at an average cost of $46.75 per share, for a total transaction of $53,482.00. Following the purchase, the director now owns 2,229 shares in the company, valued at approximately $104,205.75. The disclosure for this purchase can be found here. Company insiders own 0.15% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. IndexIQ Advisors LLC acquired a new position in Andeavor Logistics during the 3rd quarter worth $103,000. Ffcm LLC acquired a new position in Andeavor Logistics during the 3rd quarter worth $110,000. Penserra Capital Management LLC acquired a new position in Andeavor Logistics during the 3rd quarter worth $131,000. Barnett & Company Inc. acquired a new position in Andeavor Logistics during the 3rd quarter worth $136,000. Finally, First Manhattan Co. acquired a new position in Andeavor Logistics during the 3rd quarter worth $150,000. 34.86% of the stock is owned by institutional investors.

Shares of Andeavor Logistics (ANDX) opened at $54.26 on Monday. The firm has a market cap of $11,730.00, a price-to-earnings ratio of 22.80, a P/E/G ratio of 3.50 and a beta of 1.11. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.15. Andeavor Logistics has a fifty-two week low of $42.18 and a fifty-two week high of $60.14.

Andeavor Logistics (NYSE:ANDX) last announced its quarterly earnings data on Wednesday, November 8th. The oil and gas company reported $0.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.23. The company had revenue of $444.00 million during the quarter, compared to analyst estimates of $414.69 million. Andeavor Logistics had a net margin of 23.50% and a return on equity of 22.48%. The firm’s revenue for the quarter was up 44.2% compared to the same quarter last year. During the same period last year, the business earned $0.46 EPS. equities analysts anticipate that Andeavor Logistics will post 2.75 earnings per share for the current year.

A number of research firms recently weighed in on ANDX. Bank of America began coverage on shares of Andeavor Logistics in a report on Tuesday, January 9th. They set a “buy” rating for the company. SunTrust Banks set a $50.00 price target on shares of Andeavor Logistics and gave the company a “buy” rating in a report on Friday, November 17th. Scotiabank set a $59.00 price target on shares of Andeavor Logistics and gave the company a “buy” rating in a report on Thursday, December 7th. Jefferies Group raised their price target on shares of Andeavor Logistics from $41.00 to $45.00 and gave the company a “hold” rating in a report on Monday, November 20th. Finally, Mizuho reaffirmed a “hold” rating and set a $56.00 price target on shares of Andeavor Logistics in a report on Friday, October 20th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $53.50.

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About Andeavor Logistics

Andeavor Logistics LP, formerly Tesoro Logistics LP, is a full-service logistics company operating in the western and mid-continent regions of the United States. The Company operates through three segments. Its Gathering segment consists of crude oil, natural gas and produced water gathering systems in the Bakken Region and Rockies Region.

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