Westwood Holdings Group Inc. boosted its holdings in Andeavor Logistics (NYSE:ANDX) by 13.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,024,854 shares of the oil and gas company’s stock after buying an additional 122,085 shares during the quarter. Westwood Holdings Group Inc. owned approximately 0.47% of Andeavor Logistics worth $47,338,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the stock. Ffcm LLC bought a new stake in Andeavor Logistics in the third quarter worth approximately $110,000. Advisor Group Inc. increased its holdings in Andeavor Logistics by 148.1% in the fourth quarter. Advisor Group Inc. now owns 2,481 shares of the oil and gas company’s stock worth $114,000 after purchasing an additional 1,481 shares in the last quarter. Barnett & Company Inc. bought a new stake in shares of Andeavor Logistics during the third quarter valued at approximately $136,000. Stuart Chaussee & Associates Inc. bought a new stake in shares of Andeavor Logistics during the fourth quarter valued at approximately $155,000. Finally, MHI Funds LLC bought a new stake in shares of Andeavor Logistics during the fourth quarter valued at approximately $157,000. 40.11% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:ANDX traded down $0.79 during trading on Friday, hitting $44.91. The stock had a trading volume of 243,393 shares, compared to its average volume of 490,155. Andeavor Logistics has a 12 month low of $42.17 and a 12 month high of $55.78. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market capitalization of $9,752.83, a P/E ratio of 17.89, a P/E/G ratio of 3.89 and a beta of 1.25.
Andeavor Logistics (NYSE:ANDX) last posted its earnings results on Thursday, February 15th. The oil and gas company reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.73 by ($0.21). The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $519.00 million. Andeavor Logistics had a return on equity of 19.31% and a net margin of 14.67%. equities analysts forecast that Andeavor Logistics will post 2.89 EPS for the current fiscal year.
In other Andeavor Logistics news, Director Jeff A. Stevens purchased 1,980 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were acquired at an average cost of $46.90 per share, with a total value of $92,862.00. Following the completion of the acquisition, the director now directly owns 240,150 shares in the company, valued at $11,263,035. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jeff A. Stevens bought 28,134 shares of Andeavor Logistics stock in a transaction dated Friday, March 2nd. The stock was purchased at an average cost of $46.14 per share, for a total transaction of $1,298,102.76. Following the completion of the acquisition, the director now directly owns 300,119 shares of the company’s stock, valued at approximately $13,847,490.66. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 83,929 shares of company stock worth $3,944,382. Company insiders own 0.15% of the company’s stock.
Several research analysts recently issued reports on ANDX shares. Zacks Investment Research cut Andeavor Logistics from a “hold” rating to a “strong sell” rating in a research report on Monday, February 26th. UBS reaffirmed a “buy” rating and set a $56.00 price target (down previously from $59.00) on shares of Andeavor Logistics in a research report on Friday, March 2nd. JPMorgan Chase reaffirmed an “overweight” rating and set a $55.00 price target (down previously from $56.00) on shares of Andeavor Logistics in a research report on Tuesday, March 13th. Royal Bank of Canada reiterated a “buy” rating and set a $58.00 price objective on shares of Andeavor Logistics in a research note on Friday, February 23rd. Finally, Seaport Global Securities restated a “buy” rating on shares of Andeavor Logistics in a research note on Thursday, February 22nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the stock. Andeavor Logistics currently has an average rating of “Buy” and a consensus target price of $54.85.
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Andeavor Logistics Company Profile
Andeavor Logistics LP operates as a diversified midstream company in the United States. The Terminalling and Transportation segment comprises the Northwest Products Pipeline, including a regulated common carrier products pipeline running from Salt Lake City, Utah to Spokane, Washington and a jet fuel pipeline to the Salt Lake City International Airport; a regulated common carrier refined products pipeline system connecting its refinery to its terminals in Anchorage, Alaska; tankage and related equipment at the refinery; and crude oil and refined products terminals and storage facilities in the western, and southwest and midwestern U.S.
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