Virtus Fund Advisers LLC bought a new stake in Andeavor (NYSE:ANDV) in the fourth quarter, HoldingsChannel.com reports. The fund bought 387,125 shares of the oil and gas company’s stock, valued at approximately $44,264,000.
Several other hedge funds have also bought and sold shares of the stock. BlackRock Inc. grew its holdings in shares of Andeavor by 2.1% in the fourth quarter. BlackRock Inc. now owns 10,788,845 shares of the oil and gas company’s stock valued at $1,233,595,000 after purchasing an additional 219,535 shares in the last quarter. Boston Partners grew its holdings in shares of Andeavor by 26.5% in the fourth quarter. Boston Partners now owns 9,484,915 shares of the oil and gas company’s stock valued at $1,084,505,000 after purchasing 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% in the fourth quarter. Bank of New York Mellon Corp now owns 4,071,932 shares of the oil and gas company’s stock valued at $465,585,000 after purchasing an additional 164,006 shares in the last quarter. Dimensional Fund Advisors LP purchased a new position in shares of Andeavor in the third quarter valued at $333,346,000. Finally, Hotchkis & Wiley Capital Management LLC purchased a new position in shares of Andeavor in the third quarter valued at $214,005,000. 80.74% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Jeff A. Stevens sold 25,000 shares of Andeavor stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $111.24, for a total transaction of $2,781,000.00. Following the completion of the sale, the director now directly owns 1,529,174 shares in the company, valued at $170,105,315.76. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Paul L. Foster sold 54,400 shares of Andeavor stock in a transaction on Friday, January 26th. The stock was sold at an average price of $114.99, for a total value of $6,255,456.00. Following the sale, the director now owns 1,413,468 shares of the company’s stock, valued at $162,534,685.32. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 298,088 shares of company stock valued at $34,122,422. 0.86% of the stock is owned by corporate insiders.
A number of research analysts recently weighed in on the stock. Piper Jaffray Companies reissued a “buy” rating and issued a $153.00 target price on shares of Andeavor in a report on Monday, January 22nd. Zacks Investment Research raised shares of Andeavor from a “hold” rating to a “buy” rating and set a $133.00 target price for the company in a report on Monday, January 22nd. Citigroup reissued a “neutral” rating on shares of Andeavor in a report on Monday, January 22nd. Barclays reissued a “buy” rating and issued a $162.00 target price on shares of Andeavor in a report on Wednesday, January 10th. Finally, Credit Suisse Group assumed coverage on shares of Andeavor in a report on Wednesday, January 3rd. They issued an “outperform” rating and a $142.00 target price for the company. Six research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $126.22.
Shares of Andeavor (ANDV) opened at $96.15 on Monday. The stock has a market capitalization of $14,999.14, a price-to-earnings ratio of 9.73, a P/E/G ratio of 0.92 and a beta of 1.39. 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 0.57, a current ratio of 1.38 and a quick ratio of 0.65.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be given a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $2.36 dividend on an annualized basis and a yield of 2.45%. Andeavor’s dividend payout ratio is presently 23.89%.
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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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