Andeavor (NYSE:ANDV)‘s stock had its “overweight” rating reiterated by analysts at JPMorgan Chase & Co. in a report issued on Tuesday. They presently have a $133.00 price objective on the oil and gas company’s stock, up from their prior price objective of $130.00. JPMorgan Chase & Co.’s target price would indicate a potential upside of 33.76% from the company’s previous close.
ANDV has been the topic of a number of other research reports. Credit Suisse Group started coverage on Andeavor in a report on Wednesday, January 3rd. They set an “outperform” rating and a $142.00 price target on the stock. Piper Jaffray Companies restated a “buy” rating and set a $121.00 price target on shares of Andeavor in a report on Friday, November 17th. Royal Bank of Canada restated a “hold” rating and set a $112.00 price target on shares of Andeavor in a report on Friday, February 23rd. ValuEngine upgraded Andeavor from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. Finally, Citigroup restated a “neutral” rating on shares of Andeavor in a report on Monday, January 22nd. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Andeavor presently has a consensus rating of “Buy” and a consensus target price of $126.67.
Andeavor (NYSE ANDV) opened at $99.43 on Tuesday. Andeavor has a twelve month low of $75.11 and a twelve month high of $121.71. The stock has a market capitalization of $15,290.00, a PE ratio of 25.05, a P/E/G ratio of 1.00 and a beta of 1.50. The company has a current ratio of 1.38, a quick ratio of 0.65 and a debt-to-equity ratio of 0.57.
Andeavor (NYSE:ANDV) last announced its quarterly earnings results on Thursday, February 15th. The oil and gas company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.81). Andeavor had a net margin of 4.37% and a return on equity of 6.86%. The business had revenue of $10.65 billion for the quarter, compared to analysts’ expectations of $10.79 billion. equities analysts forecast that Andeavor will post 9.98 earnings per share for the current year.
In other news, Director Paul L. Foster sold 54,400 shares of the business’s stock in a transaction that occurred 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 directly owns 1,413,468 shares of the company’s stock, valued at approximately $162,534,685.32. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Paul L. Foster sold 51,700 shares of the business’s stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $120.97, for a total value of $6,254,149.00. The disclosure for this sale can be found here. Insiders have sold a total of 254,100 shares of company stock worth $29,338,288 in the last quarter. Company insiders own 0.86% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. boosted its position in shares of 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 worth $4,168,000 after purchasing an additional 1,115 shares in the last quarter. Xact Kapitalforvaltning AB boosted its position in shares of Andeavor by 11.7% in the 4th quarter. Xact Kapitalforvaltning AB now owns 15,454 shares of the oil and gas company’s stock worth $1,767,000 after purchasing an additional 1,619 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of 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 worth $3,234,000 after purchasing an additional 8,890 shares in the last quarter. Tuttle Tactical Management LLC bought a new stake in shares of Andeavor in the 4th quarter worth approximately $777,000. Finally, Compagnie Lombard Odier SCmA boosted its position in shares of 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 worth $533,000 after purchasing an additional 1,033 shares in the last quarter. 79.59% of the stock is currently owned by hedge funds and other institutional investors.
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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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