State of Alaska Department of Revenue raised its position in shares of Andeavor (NYSE:ANDV) by 37.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,790 shares of the oil and gas company’s stock after acquiring an additional 14,260 shares during the period. State of Alaska Department of Revenue’s holdings in Andeavor were worth $6,034,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in ANDV. PGGM Investments acquired a new position in shares of Andeavor during the third quarter valued at about $3,007,000. Mutual of America Capital Management LLC acquired a new position in shares of Andeavor during the third quarter valued at about $2,421,000. Prudential Financial Inc. acquired a new position in shares of Andeavor during the third quarter valued at about $150,513,000. TCI Wealth Advisors Inc. acquired a new position in shares of Andeavor during the third quarter valued at about $191,000. Finally, Advisors Asset Management Inc. acquired a new position in shares of Andeavor during the third quarter valued at about $14,622,000. Institutional investors own 78.86% of the company’s stock.
A number of research analysts have recently commented on the stock. Jefferies Group cut their price objective on shares of Andeavor from $109.00 to $108.00 and set a “hold” rating for the company in a research report on Monday, November 20th. Zacks Investment Research lowered shares of Andeavor from a “buy” rating to a “hold” rating in a research report on Thursday, October 19th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $127.00 price objective (up previously from $106.00) on shares of Andeavor in a research report on Tuesday, October 17th. Barclays reaffirmed an “overweight” rating and set a $121.00 price objective (up previously from $118.00) on shares of Andeavor in a research report on Tuesday, October 10th. Finally, UBS Group upped their price objective on shares of Andeavor from $116.00 to $123.00 and gave the company a “buy” rating in a research report on Wednesday, November 15th. Seven research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $121.32.
Andeavor (NYSE:ANDV) opened at $118.35 on Friday. Andeavor has a 52-week low of $75.11 and a 52-week high of $121.71. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.47 and a quick ratio of 0.62. The stock has a market cap of $18,460.00, a PE ratio of 24.25, a P/E/G ratio of 0.66 and a beta of 1.55.
Andeavor (NYSE:ANDV) last posted its quarterly earnings results on Wednesday, November 8th. The oil and gas company reported $2.70 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.03 by ($0.33). Andeavor had a return on equity of 7.15% and a net margin of 2.35%. The business had revenue of $9.84 billion during the quarter, compared to analyst estimates of $9.94 billion. Andeavor’s revenue was up 50.3% compared to the same quarter last year. analysts expect that Andeavor will post 6.64 EPS for the current fiscal year.
In other news, Director Paul L. Foster sold 51,700 shares of the firm’s stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $120.97, for a total transaction of $6,254,149.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael E. Wiley sold 700 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $106.24, for a total transaction of $74,368.00. Following the sale, the director now directly owns 41,850 shares of the company’s stock, valued at approximately $4,446,144. The disclosure for this sale can be found here. Insiders sold 220,888 shares of company stock valued at $25,052,384 in the last three months. Company insiders own 0.86% of the company’s stock.
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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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