Diversified Trust Co reduced its position in Andeavor Logistics LP (NYSE:ANDX) by 28.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 21,723 shares of the oil and gas company’s stock after selling 8,484 shares during the period. Diversified Trust Co’s holdings in Andeavor Logistics were worth $1,003,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ANDX. IndexIQ Advisors LLC acquired a new stake in shares of Andeavor Logistics in the 3rd quarter valued at $103,000. Ffcm LLC acquired a new stake in shares of Andeavor Logistics in the 3rd quarter valued at $110,000. Penserra Capital Management LLC acquired a new stake in shares of Andeavor Logistics in the 3rd quarter valued at $131,000. Barnett & Company Inc. acquired a new stake in shares of Andeavor Logistics in the 3rd quarter valued at $136,000. Finally, First Manhattan Co. acquired a new stake in shares of Andeavor Logistics in the 3rd quarter valued at $150,000. 34.86% of the stock is owned by institutional investors.
In other Andeavor Logistics news, insider Steven Sterin bought 1,400 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was purchased at an average cost of $45.53 per share, with a total value of $63,742.00. Following the completion of the purchase, the insider now owns 9,714 shares in the company, valued at $442,278.42. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jeff A. Stevens bought 1,144 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was acquired at an average cost of $46.75 per share, with a total value of $53,482.00. Following the completion of the purchase, the director now owns 2,229 shares of the company’s stock, valued at approximately $104,205.75. The disclosure for this purchase can be found here. 0.15% of the stock is currently owned by insiders.
Shares of Andeavor Logistics LP (NYSE ANDX) opened at $52.52 on Friday. The company has a debt-to-equity ratio of 2.15, a quick ratio of 1.01 and a current ratio of 1.01. Andeavor Logistics LP has a 52 week low of $42.18 and a 52 week high of $60.14. The company has a market capitalization of $11,324.48, a price-to-earnings ratio of 21.22, a P/E/G ratio of 3.38 and a beta of 1.12.
Andeavor Logistics (NYSE:ANDX) last announced its quarterly earnings data on Wednesday, November 8th. The oil and gas company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.23. Andeavor Logistics had a return on equity of 22.48% and a net margin of 23.50%. The business had revenue of $444.00 million during the quarter, compared to analysts’ expectations of $414.69 million. During the same period in the previous year, the firm earned $0.46 earnings per share. The firm’s quarterly revenue was up 44.2% compared to the same quarter last year. analysts anticipate that Andeavor Logistics LP will post 2.75 EPS for the current year.
A number of brokerages recently commented on ANDX. Jefferies Group lifted their price objective on Andeavor Logistics from $41.00 to $45.00 and gave the stock a “hold” rating in a research note on Monday, November 20th. BidaskClub raised Andeavor Logistics from a “strong sell” rating to a “sell” rating in a research note on Tuesday, November 7th. SunTrust Banks reaffirmed a “buy” rating and set a $62.00 price objective on shares of Andeavor Logistics in a research note on Friday, November 10th. Zacks Investment Research raised Andeavor Logistics from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research note on Wednesday. Finally, Scotiabank set a $59.00 price objective on Andeavor Logistics and gave the stock a “buy” rating in a research note on Thursday, December 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. Andeavor Logistics currently has a consensus rating of “Buy” and an average target price of $54.33.
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Andeavor Logistics Profile
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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