Wells Fargo restated their outperform rating on shares of Andeavor (NYSE:ANDV) in a research note issued to investors on Thursday, March 15th. They currently have a $162.00 target price on the oil and gas company’s stock. The analysts noted that the move was a valuation call.
ANDV has been the topic of several other research reports. Credit Suisse Group assumed coverage on shares of Andeavor in a research report on Wednesday, January 3rd. They issued an outperform rating and a $142.00 price target on the stock. Piper Jaffray restated a buy rating and issued a $121.00 price target on shares of Andeavor in a research report on Friday, November 17th. Royal Bank of Canada restated a hold rating and issued a $112.00 price target on shares of Andeavor in a research report on Friday, February 23rd. Zacks Investment Research lowered shares of Andeavor from a buy rating to a hold rating in a research report on Friday, February 23rd. Finally, ValuEngine upgraded shares of Andeavor from a hold rating to a buy rating in a research report on Friday, March 2nd. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $127.83.
NYSE:ANDV traded down $0.86 during midday trading on Thursday, hitting $106.90. 3,553,515 shares of the stock were exchanged, compared to its average volume of 1,684,427. Andeavor has a one year low of $75.11 and a one year high of $121.71. The stock has a market cap of $16,437.37, a price-to-earnings ratio of 16.52, a PEG ratio of 1.19 and a beta of 1.39. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.38 and a quick ratio of 0.65.
Andeavor (NYSE:ANDV) last announced its earnings results on Thursday, February 15th. The oil and gas company reported $0.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.18 by ($0.81). Andeavor had a return on equity of 6.86% and a net margin of 4.37%. The firm had revenue of $10.65 billion for the quarter, compared to the consensus estimate of $10.79 billion. sell-side analysts expect that Andeavor will post 9 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.21%. The ex-dividend date was Tuesday, February 27th. Andeavor’s payout ratio is 36.48%.
In other news, VP Blane W. Peery sold 1,012 shares of the business’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $89.64, for a total transaction of $90,715.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jeff A. Stevens sold 32,500 shares of the business’s stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $117.07, for a total transaction of $3,804,775.00. Following the transaction, the director now owns 1,503,845 shares in the company, valued at $176,055,134.15. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 178,602 shares of company stock worth $20,963,955. Corporate insiders own 7.00% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. State of Tennessee Treasury Department grew its holdings in shares of Andeavor by 219.5% during the 4th quarter. State of Tennessee Treasury Department now owns 517,128 shares of the oil and gas company’s stock valued at $59,128,000 after acquiring an additional 355,260 shares in the last quarter. Prudential Financial Inc. acquired a new stake in shares of Andeavor in the 3rd quarter valued at $150,513,000. Polianta Ltd acquired a new stake in shares of Andeavor in the 4th quarter valued at $1,292,000. Shell Asset Management Co. acquired a new stake in shares of Andeavor in the 4th quarter valued at $8,272,000. Finally, Harbour Capital Advisors LLC acquired a new stake in shares of Andeavor in the 4th quarter valued at $593,000. Institutional investors and hedge funds own 79.57% of the company’s stock.
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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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