Andeavor (ANDV) Lifted to Buy at Citigroup

Andeavor (NYSE:ANDV) was upgraded by Citigroup from a “neutral” rating to a “buy” rating in a research note issued on Wednesday.

Other equities analysts have also issued research reports about the company. Piper Jaffray Companies reissued a “buy” rating and issued a $121.00 target price on shares of Andeavor in a research note on Friday, November 17th. UBS Group increased their target price on Andeavor from $116.00 to $123.00 and gave the company a “buy” rating in a research note on Wednesday, November 15th. BidaskClub raised Andeavor from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $121.00 target price on shares of Andeavor in a research note on Friday, November 3rd. Finally, Evercore ISI raised Andeavor to a “buy” rating and set a $128.00 target price on the stock in a research note on Thursday, November 2nd. Six equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $124.94.

Andeavor (NYSE:ANDV) opened at $97.77 on Wednesday. Andeavor has a one year low of $75.11 and a one year high of $121.71. The company has a quick ratio of 0.62, a current ratio of 1.47 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $15,230.02, a PE ratio of 19.83, a price-to-earnings-growth ratio of 0.94 and a beta of 1.39.

In other Andeavor news, Director Jeff A. Stevens sold 32,500 shares of the stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $117.07, for a total value of $3,804,775.00. Following the completion of the sale, the director now directly owns 1,503,845 shares in the company, valued at $176,055,134.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeff A. Stevens sold 25,000 shares of the stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $111.24, for a total value of $2,781,000.00. Following the completion of the sale, the director now owns 1,529,174 shares of the company’s stock, valued at $170,105,315.76. The disclosure for this sale can be found here. Insiders sold 298,088 shares of company stock valued at $34,122,422 over the last 90 days. Corporate insiders own 0.86% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. BlackRock Inc. grew its holdings in shares of Andeavor by 2.1% during the fourth quarter. BlackRock Inc. now owns 10,788,845 shares of the oil and gas company’s stock worth $1,233,595,000 after buying an additional 219,535 shares in the last quarter. Boston Partners grew its holdings in shares of Andeavor by 26.5% during the fourth quarter. Boston Partners now owns 9,484,915 shares of the oil and gas company’s stock worth $1,084,505,000 after buying an additional 1,989,609 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Andeavor by 4.2% during the fourth quarter. Bank of New York Mellon Corp now owns 4,071,932 shares of the oil and gas company’s stock worth $465,585,000 after buying an additional 164,006 shares in the last quarter. Dimensional Fund Advisors LP bought a new position in shares of Andeavor during the third quarter worth about $333,346,000. Finally, Hotchkis & Wiley Capital Management LLC bought a new position in shares of Andeavor during the third quarter worth about $214,005,000. Institutional investors and hedge funds own 79.93% of the company’s stock.

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About Andeavor

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.

Analyst Recommendations for Andeavor (NYSE:ANDV)

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