Royal Bank of Canada reaffirmed their hold rating on shares of Andeavor (NYSE:ANDV) in a research note issued to investors on Friday morning. The firm currently has a $112.00 target price on the oil and gas company’s stock.
A number of other research analysts have also issued reports on the stock. Barclays restated a buy rating and set a $162.00 target price on shares of Andeavor in a research report on Wednesday, January 10th. Piper Jaffray Companies restated a buy rating and set a $153.00 target price on shares of Andeavor in a research report on Monday, January 22nd. Credit Suisse Group initiated coverage on shares of Andeavor in a research report on Wednesday, January 3rd. They set an outperform rating and a $142.00 target price on the stock. Zacks Investment Research upgraded shares of Andeavor from a hold rating to a buy rating and set a $133.00 target price on the stock in a research report on Monday, January 22nd. Finally, Citigroup restated a neutral rating on shares of Andeavor in a research report on Monday, January 22nd. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $127.00.
Shares of Andeavor (NYSE ANDV) traded up $2.08 during trading hours on Friday, hitting $94.53. 1,429,887 shares of the company’s stock were exchanged, compared to its average volume of 1,650,000. Andeavor has a 1 year low of $75.11 and a 1 year high of $121.71. The firm has a market cap of $14,750.00, a price-to-earnings ratio of 23.81, a PEG ratio of 0.92 and a beta of 1.39. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.65 and a current ratio of 1.38.
The company 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 dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend is Tuesday, February 27th. Andeavor’s dividend payout ratio (DPR) is presently 59.45%.
In related news, Director Jeff A. Stevens sold 25,000 shares of the stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $111.24, for a total value of $2,781,000.00. Following the completion of the transaction, the director now owns 1,529,174 shares of the company’s stock, valued at approximately $170,105,315.76. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Paul L. Foster sold 54,400 shares of the stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $114.99, for a total transaction of $6,255,456.00. Following the completion of the transaction, the director now directly owns 1,413,468 shares of the company’s stock, valued at approximately $162,534,685.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 298,088 shares of company stock valued at $34,122,422. 0.86% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. lifted its stake in Andeavor by 3.2% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 36,455 shares of the oil and gas company’s stock valued at $4,168,000 after purchasing an additional 1,115 shares during the last quarter. Xact Kapitalforvaltning AB lifted its stake in Andeavor by 11.7% in the 4th quarter. Xact Kapitalforvaltning AB now owns 15,454 shares of the oil and gas company’s stock valued at $1,767,000 after purchasing an additional 1,619 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Andeavor by 45.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 28,287 shares of the oil and gas company’s stock valued at $3,234,000 after purchasing an additional 8,890 shares during the last quarter. Tuttle Tactical Management LLC bought a new position in Andeavor in the 4th quarter valued at approximately $777,000. Finally, Compagnie Lombard Odier SCmA lifted its stake in Andeavor by 28.5% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 4,663 shares of the oil and gas company’s stock valued at $533,000 after purchasing an additional 1,033 shares during the last quarter. 80.74% of the stock is owned by institutional investors and hedge funds.
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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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