Investors bought shares of Andeavor (NYSE:ANDV) on weakness during trading on Wednesday. $107.22 million flowed into the stock on the tick-up and $83.30 million flowed out of the stock on the tick-down, for a money net flow of $23.92 million into the stock. Of all equities tracked, Andeavor had the 30th highest net in-flow for the day. Andeavor traded down ($0.71) for the day and closed at $108.16
Several equities research analysts have issued reports on ANDV shares. Credit Suisse Group started coverage on shares of Andeavor in a research report on Wednesday, January 3rd. They issued an “outperform” rating and a $142.00 price objective for the company. Piper Jaffray Companies reissued a “buy” rating and issued a $121.00 price objective on shares of Andeavor in a research report on Friday, November 17th. Royal Bank of Canada lowered their price objective on shares of Andeavor from $109.00 to $107.00 and set a “sector perform” rating for the company in a research report on Friday, November 10th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $121.00 price objective on shares of Andeavor in a research report on Friday, November 3rd. Finally, BidaskClub raised shares of Andeavor from a “hold” rating to a “buy” rating in a research report on Saturday, October 7th. Seven analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Andeavor presently has a consensus rating of “Buy” and a consensus price target of $123.74.
The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.62 and a current ratio of 1.47. The stock has a market cap of $16,872.67 and a price-to-earnings ratio of 21.67.
Andeavor (NYSE:ANDV) last posted its quarterly earnings results on Wednesday, November 8th. The oil and gas company reported $2.70 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 during the quarter, compared to the consensus estimate of $9.94 billion. The business’s quarterly revenue was up 50.3% on a year-over-year basis. equities analysts anticipate that Andeavor will post 6.6 earnings per share for the current year.
In related news, Director Paul L. Foster sold 45,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $108.33, for a total transaction of $4,874,850.00. Following the completion of the transaction, the director now owns 1,447,567 shares in the company, valued at approximately $156,814,933.11. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael E. Wiley sold 700 shares of the business’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 transaction, the director now owns 41,850 shares of the company’s stock, valued at approximately $4,446,144. The disclosure for this sale can be found here. In the last 90 days, insiders sold 307,788 shares of company stock valued at $35,129,190. Company insiders own 0.86% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Daiwa SB Investments Ltd. acquired a new position in Andeavor during the 4th quarter valued at approximately $106,000. Sun Life Financial INC acquired a new position in Andeavor during the 3rd quarter valued at approximately $110,000. Bollard Group LLC acquired a new position in Andeavor during the 3rd quarter valued at approximately $123,000. Cerebellum GP LLC acquired a new position in Andeavor during the 4th quarter valued at approximately $127,000. Finally, Edge Wealth Management LLC acquired a new position in Andeavor during the 3rd quarter valued at approximately $128,000. Hedge funds and other institutional investors own 78.92% of the company’s stock.
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Andeavor Company Profile
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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