Pinnacle Holdings LLC lowered its position in Andeavor Logistics LP (NYSE:ANDX) by 2.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 42,859 shares of the oil and gas company’s stock after selling 1,116 shares during the period. Pinnacle Holdings LLC’s holdings in Andeavor Logistics were worth $1,980,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently modified their holdings of ANDX. First Manhattan Co. acquired a new position in shares of Andeavor Logistics during the 3rd quarter valued at $150,000. California Public Employees Retirement System acquired a new position in shares of Andeavor Logistics during the 3rd quarter valued at $2,548,000. Bank of Montreal Can lifted its position in shares of Andeavor Logistics by 20.1% during the 4th quarter. Bank of Montreal Can now owns 1,320,440 shares of the oil and gas company’s stock valued at $60,991,000 after acquiring an additional 220,558 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Andeavor Logistics during the 3rd quarter valued at $873,000. Finally, Neuberger Berman Group LLC acquired a new position in shares of Andeavor Logistics during the 3rd quarter valued at $4,521,000. Hedge funds and other institutional investors own 36.89% of the company’s stock.
A number of research analysts recently issued reports on ANDX shares. BidaskClub upgraded shares of Andeavor Logistics from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 7th. Barclays dropped their target price on shares of Andeavor Logistics from $57.00 to $55.00 and set an “overweight” rating on the stock in a research report on Friday, November 10th. SunTrust Banks reiterated a “buy” rating and set a $62.00 target price on shares of Andeavor Logistics in a research report on Friday, November 10th. Jefferies Group boosted their target price on shares of Andeavor Logistics from $41.00 to $45.00 and gave the company a “hold” rating in a research report on Monday, November 20th. Finally, Scotiabank set a $59.00 target price on shares of Andeavor Logistics and gave the company a “buy” rating in a research report on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $54.15.
Shares of Andeavor Logistics LP (NYSE:ANDX) opened at $47.46 on Friday. The company has a market cap of $10,367.08, a price-to-earnings ratio of 18.74, a price-to-earnings-growth ratio of 3.14 and a beta of 1.23. The company has a debt-to-equity ratio of 2.15, a quick ratio of 1.01 and a current ratio of 1.01. Andeavor Logistics LP has a one year low of $42.18 and a one year high of $56.78.
Andeavor Logistics (NYSE:ANDX) last announced its quarterly earnings results on Thursday, February 15th. The oil and gas company reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.73 by ($0.21). The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $519.00 million. Andeavor Logistics had a net margin of 14.67% and a return on equity of 22.41%. equities research analysts forecast that Andeavor Logistics LP will post 3.05 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Wednesday, January 31st were paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 8.43%. The ex-dividend date of this dividend was Tuesday, January 30th. This is a positive change from Andeavor Logistics’s previous quarterly dividend of $0.99. Andeavor Logistics’s payout ratio is 174.67%.
In other Andeavor Logistics news, insider Steven Sterin purchased 1,400 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was acquired at an average price of $45.53 per share, for a total transaction of $63,742.00. Following the purchase, the insider now owns 9,714 shares of the company’s stock, valued at approximately $442,278.42. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeff A. Stevens purchased 1,144 shares of the firm’s stock in a transaction on Monday, December 4th. The shares were acquired at an average price of $46.75 per share, with a total value of $53,482.00. Following the purchase, the director now directly owns 2,229 shares in the company, valued at approximately $104,205.75. The disclosure for this purchase can be found here. Insiders own 0.15% of the company’s stock.
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About Andeavor Logistics
Andeavor Logistics LP, formerly Tesoro Logistics LP, is a full-service logistics company operating in the western and mid-continent regions of the United States. The Company operates through three segments. Its Gathering segment consists of crude oil, natural gas and produced water gathering systems in the Bakken Region and Rockies Region.
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