California State Teachers Retirement System decreased its position in Andeavor (NYSE:ANDV) by 0.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 292,083 shares of the oil and gas company’s stock after selling 521 shares during the quarter. California State Teachers Retirement System owned 0.19% of Andeavor worth $33,397,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in the business. Daiwa SB Investments Ltd. bought a new position in shares of Andeavor during the 4th quarter valued at approximately $106,000. Sun Life Financial INC bought a new position in shares of Andeavor during the 3rd quarter valued at approximately $110,000. Cerebellum GP LLC bought a new position in shares of Andeavor during the 4th quarter valued at approximately $127,000. Bronfman E.L. Rothschild L.P. bought a new position in shares of Andeavor during the 3rd quarter valued at approximately $155,000. Finally, Robecosam AG bought a new position in shares of Andeavor during the 3rd quarter valued at approximately $166,000. 79.57% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have recently weighed in on the company. JPMorgan Chase reissued an “overweight” rating and set a $130.00 target price (down previously from $138.00) on shares of Andeavor in a research report on Tuesday, February 20th. Zacks Investment Research raised 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. Barclays restated a “buy” rating and set a $162.00 price objective on shares of Andeavor in a report on Wednesday, January 10th. Royal Bank of Canada restated a “hold” rating and set a $112.00 price objective on shares of Andeavor in a report on Friday, February 23rd. Finally, Citigroup restated a “neutral” rating on shares of Andeavor in a report on Monday, January 22nd. Six analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Andeavor currently has an average rating of “Buy” and a consensus target price of $127.83.
Shares of ANDV stock traded down $0.86 during mid-day trading on Friday, hitting $106.90. The stock had a trading volume of 3,553,515 shares, compared to its average volume of 1,684,427. Andeavor has a 12-month low of $75.11 and a 12-month high of $121.71. The stock has a market capitalization of $16,437.37, a price-to-earnings ratio of 16.52, a P/E/G ratio of 1.19 and a beta of 1.39. 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 issued its earnings results on Thursday, February 15th. The oil and gas company reported $0.37 earnings per share 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 during the quarter, compared to analysts’ expectations of $10.79 billion. research analysts predict that Andeavor will post 9 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend was Tuesday, February 27th. Andeavor’s dividend payout ratio is 36.48%.
In other news, Director Paul L. Foster sold 5,478 shares of the business’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $116.27, for a total value of $636,927.06. Following the completion of the transaction, the director now directly owns 1,422,847 shares of the company’s stock, valued at approximately $165,434,420.69. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Blane W. Peery sold 1,012 shares of the business’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $89.64, for a total value of $90,715.68. The disclosure for this sale can be found here. Insiders sold a total of 178,602 shares of company stock valued at $20,963,955 over the last quarter. Company insiders own 7.00% 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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