Oppenheimer & Co. Inc. lessened its position in shares of Andeavor (NYSE:ANDV) by 28.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 5,324 shares of the oil and gas company’s stock after selling 2,153 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Andeavor were worth $609,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in ANDV. Daiwa SB Investments Ltd. purchased a new position in shares of Andeavor in the 4th quarter valued at approximately $106,000. Sun Life Financial INC purchased a new position in shares of Andeavor in the 3rd quarter valued at approximately $110,000. Bollard Group LLC purchased a new position in shares of Andeavor in the 3rd quarter valued at approximately $123,000. Cerebellum GP LLC purchased a new position in shares of Andeavor in the 4th quarter valued at approximately $127,000. Finally, Edge Wealth Management LLC purchased a new position in shares of Andeavor in the 3rd quarter valued at approximately $128,000. Hedge funds and other institutional investors own 80.74% of the company’s stock.
ANDV has been the topic of several analyst reports. Piper Jaffray Companies reiterated a “buy” rating and issued a $121.00 target price on shares of Andeavor in a research note on Friday, November 17th. UBS Group lifted 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 upgraded Andeavor from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. JPMorgan Chase & Co. reiterated 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 upgraded Andeavor to a “buy” rating and set a $128.00 target price on the stock in a research note on Thursday, November 2nd. Six investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $126.72.
In related news, Director Paul L. Foster sold 45,000 shares of Andeavor stock in a transaction on Wednesday, December 6th. The stock was 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 directly owns 1,447,567 shares of the company’s stock, valued at $156,814,933.11. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, 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 value of $2,781,000.00. Following the transaction, the director now directly 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 a total of 298,088 shares of company stock valued at $34,122,422 over the last three months. Insiders own 0.86% of the company’s stock.
Shares of Andeavor (ANDV) opened at $94.18 on Wednesday. The company has a quick ratio of 0.65, a current ratio of 1.38 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $14,999.14, a P/E ratio of 17.32, a PEG ratio of 0.92 and a beta of 1.39. Andeavor has a 1-year low of $75.11 and a 1-year high of $121.71.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be issued a $0.59 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $2.36 annualized dividend and a dividend yield of 2.51%. Andeavor’s dividend payout ratio is currently 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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