MML Investors Services LLC grew its stake in shares of Andeavor (NYSE:ANDV) by 18.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,371 shares of the oil and gas company’s stock after purchasing an additional 823 shares during the period. MML Investors Services LLC’s holdings in Andeavor were worth $614,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of ANDV. Nationwide Fund Advisors purchased a new stake in shares of Andeavor during the 3rd quarter worth $23,331,000. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Andeavor during the 3rd quarter worth $2,440,000. Victory Capital Management Inc. purchased a new stake in shares of Andeavor during the 3rd quarter worth $1,948,000. Candriam Luxembourg S.C.A. purchased a new stake in shares of Andeavor during the 3rd quarter worth $2,289,000. Finally, Sei Investments Co. purchased a new stake in shares of Andeavor during the 3rd quarter worth $4,354,000. Institutional investors own 79.57% of the company’s stock.
In other news, Director Jeff A. Stevens sold 32,500 shares of the company’s stock in a transaction dated 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 completion of the transaction, the director now owns 1,503,845 shares of the company’s stock, valued at approximately $176,055,134.15. 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 company’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $89.64, for a total transaction 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 in the last three months. 7.00% of the stock is currently owned by corporate insiders.
ANDV stock traded down $0.86 during 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 1-year low of $75.11 and a 1-year high of $121.71. The company has a market capitalization 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 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 earnings results on Thursday, February 15th. The oil and gas company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $1.18 by ($0.81). Andeavor had a net margin of 4.37% and a return on equity of 6.86%. The firm had revenue of $10.65 billion during the quarter, compared to analyst estimates of $10.79 billion. research analysts predict that Andeavor will post 9 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Wednesday, February 28th were paid a $0.59 dividend. 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%.
Several equities research analysts have commented on ANDV shares. Credit Suisse Group started 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. Royal Bank of Canada restated a “hold” rating and set a $112.00 target price 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. ValuEngine upgraded shares of Andeavor from a “hold” rating to a “buy” rating in a research report on Friday, March 2nd. Finally, Wells Fargo reiterated an “outperform” rating and issued a $162.00 price objective on shares of Andeavor in a research report on Thursday, March 15th. They noted that the move was a valuation call. Six analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $127.83.
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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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