Andeavor (NYSE:ANDV) declared a quarterly dividend on Wednesday, February 14th, Zacks reports. Shareholders of record on Wednesday, February 28th will be paid a dividend of 0.59 per share by the oil and gas company on Thursday, March 15th. This represents a $2.36 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend is Tuesday, February 27th.
Andeavor has a dividend payout ratio of 35.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Andeavor to earn $11.94 per share next year, which means the company should continue to be able to cover its $2.36 annual dividend with an expected future payout ratio of 19.8%.
Shares of Andeavor (ANDV) traded up $1.05 during midday trading on Thursday, reaching $93.60. 162,252 shares of the company’s stock traded hands, compared to its average volume of 1,572,434. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.65 and a current ratio of 1.38. Andeavor has a 1 year low of $75.11 and a 1 year high of $121.71. The firm has a market cap of $14,510.00, a PE ratio of 23.41, a P/E/G ratio of 0.91 and a beta of 1.39.
Several equities analysts have issued reports on the stock. Piper Jaffray Companies restated a “buy” rating and issued a $153.00 price target on shares of Andeavor in a research report on Monday, January 22nd. Zacks Investment Research upgraded shares of Andeavor from a “hold” rating to a “buy” rating and set a $133.00 price target for the company in a research report on Monday, January 22nd. Citigroup restated a “neutral” rating on shares of Andeavor in a research report on Monday, January 22nd. Barclays reaffirmed a “buy” rating and issued a $162.00 price objective on shares of Andeavor in a research note on Wednesday, January 10th. Finally, Credit Suisse Group started coverage on shares of Andeavor in a research note on Wednesday, January 3rd. They issued an “outperform” rating and a $142.00 price objective on the stock. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $126.72.
In related news, Director Paul L. Foster sold 45,000 shares of the stock in a transaction 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 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 can be accessed through this hyperlink. Also, Director Jeff A. Stevens sold 25,000 shares of the 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 transaction, the director now directly owns 1,529,174 shares in the company, valued at $170,105,315.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 298,088 shares of company stock worth $34,122,422. 0.86% of the stock is owned by insiders.
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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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