Andeavor (NYSE:ANDV)‘s stock had its “buy” rating restated by research analysts at Barclays in a research report issued to clients and investors on Wednesday, January 10th. They currently have a $162.00 price target on the oil and gas company’s stock. Barclays’ target price points to a potential upside of 63.16% from the company’s previous close.
A number of other research firms have also weighed in on ANDV. Zacks Investment Research raised Andeavor from a “hold” rating to a “buy” rating and set a $119.00 price objective for the company in a research note on Tuesday, October 10th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $121.00 price objective on shares of Andeavor in a research note on Friday, November 17th. BidaskClub raised Andeavor from a “hold” rating to a “buy” rating in a research note on Saturday, October 7th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $101.00 price objective on shares of Andeavor in a research note on Friday, October 13th. Finally, ValuEngine lowered Andeavor from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. Seven investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Andeavor presently has a consensus rating of “Buy” and an average price target of $123.74.
Shares of Andeavor (NYSE:ANDV) traded down $4.24 on Wednesday, reaching $99.29. The company’s stock had a trading volume of 1,830,000 shares, compared to its average volume of 1,430,000. 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 capitalization of $15,490.00, a PE ratio of 20.35, a price-to-earnings-growth ratio of 0.99 and a beta of 1.39. Andeavor has a fifty-two week low of $75.11 and a fifty-two week high of $121.71.
Andeavor (NYSE:ANDV) last issued its quarterly earnings results on Wednesday, November 8th. The oil and gas company reported $2.70 EPS for the quarter, missing analysts’ consensus estimates of $3.03 by ($0.33). The company had revenue of $9.84 billion during the quarter, compared to analysts’ expectations of $9.94 billion. Andeavor had a return on equity of 7.15% and a net margin of 2.35%. The business’s revenue for the quarter was up 50.3% compared to the same quarter last year. equities research analysts forecast that Andeavor will post 6.6 EPS for the current year.
In other Andeavor news, Director Paul L. Foster sold 51,700 shares of the company’s stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $120.97, for a total transaction of $6,254,149.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael E. Wiley sold 700 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $106.24, for a total value of $74,368.00. Following the sale, the director now owns 41,850 shares in the company, valued at $4,446,144. The disclosure for this sale can be found here. Over the last three months, insiders have sold 307,788 shares of company stock valued at $35,129,190. 0.86% of the stock is owned by corporate insiders.
Hedge funds have recently modified their holdings of the business. Daiwa SB Investments Ltd. purchased a new stake in Andeavor during the fourth quarter valued at approximately $106,000. Sun Life Financial INC purchased a new stake in Andeavor during the third quarter valued at approximately $110,000. Bollard Group LLC purchased a new stake in Andeavor during the third quarter valued at approximately $123,000. Cerebellum GP LLC purchased a new stake in Andeavor during the fourth quarter valued at approximately $127,000. Finally, Edge Wealth Management LLC purchased a new stake in Andeavor during the third quarter valued at approximately $128,000. Institutional investors and hedge funds own 79.08% 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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