Andeavor (NYSE:ANDV)‘s stock had its “buy” rating reiterated by stock analysts at Barclays in a research report issued on Wednesday, January 10th. They presently have a $162.00 price objective on the oil and gas company’s stock. Barclays’ target price would suggest a potential upside of 36.88% from the stock’s previous close.
A number of other equities research analysts also recently weighed in on ANDV. Zacks Investment Research raised Andeavor from a “hold” rating to a “strong-buy” rating and set a $118.00 target price for the company in a report on Tuesday, September 12th. Howard Weil downgraded 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 reissued a “buy” rating and set a $120.00 target price on shares of Andeavor in a report on Thursday, September 28th. BidaskClub downgraded Andeavor from a “buy” rating to a “hold” rating in a report on Thursday, September 28th. Finally, Scotiabank cut Andeavor from an “outperform” rating to a “sector perform” rating and raised their price target for the stock from $103.00 to $112.00 in a research report on Saturday, September 30th. Seven analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $121.32.
Shares of Andeavor (ANDV) opened at $118.35 on Wednesday. Andeavor has a twelve month low of $75.11 and a twelve month high of $121.71. The stock has a market capitalization of $18,460.00, a price-to-earnings ratio of 24.25, a price-to-earnings-growth ratio of 0.66 and a beta of 1.55. The company has a current ratio of 1.47, a quick ratio of 0.62 and a debt-to-equity ratio of 0.61.
Andeavor (NYSE:ANDV) last announced 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 consensus estimate of $3.03 by ($0.33). Andeavor had a net margin of 2.35% and a return on equity of 7.15%. The business had revenue of $9.84 billion for the quarter, compared to analyst estimates of $9.94 billion. The firm’s revenue for the quarter was up 50.3% on a year-over-year basis. equities research analysts expect that Andeavor will post 6.64 earnings per share for the current fiscal year.
In other Andeavor news, Director Michael E. Wiley sold 700 shares of Andeavor stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $106.24, for a total value of $74,368.00. Following the transaction, the director now owns 41,850 shares in the company, valued at $4,446,144. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Paul L. Foster sold 51,700 shares of Andeavor stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $120.97, for a total value of $6,254,149.00. The disclosure for this sale can be found here. Insiders sold 220,888 shares of company stock worth $25,052,384 in the last 90 days. 0.86% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the business. Daiwa SB Investments Ltd. bought a new position in Andeavor in the fourth quarter valued at about $106,000. Sun Life Financial INC bought a new position in Andeavor in the third quarter valued at about $110,000. Bollard Group LLC bought a new position in Andeavor in the third quarter valued at about $123,000. Edge Wealth Management LLC bought a new position in Andeavor in the third quarter valued at about $128,000. Finally, Bronfman E.L. Rothschild L.P. bought a new position in Andeavor in the third quarter valued at about $155,000. Hedge funds and other institutional investors own 78.86% 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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