Equities researchers at Deutsche Bank initiated coverage on shares of Andeavor Logistics (NYSE:ANDX) in a report issued on Thursday. The firm set a “hold” rating and a $52.00 price target on the oil and gas company’s stock. Deutsche Bank’s price target would indicate a potential upside of 8.76% from the company’s previous close.
Other equities analysts also recently issued reports about the stock. Citigroup started coverage on shares of Andeavor Logistics in a research note on Monday, January 22nd. They issued a “buy” rating and a $52.52 price target on the stock. Zacks Investment Research raised shares of Andeavor Logistics from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research note on Wednesday, January 17th. Bank of America initiated coverage on shares of Andeavor Logistics in a research note on Tuesday, January 9th. They set a “buy” rating on the stock. Royal Bank of Canada reaffirmed a “buy” rating and set a $58.00 target price on shares of Andeavor Logistics in a research note on Friday, February 23rd. Finally, Seaport Global Securities reaffirmed 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, four have given a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $53.87.
NYSE:ANDX opened at $47.81 on Thursday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.41. The stock has a market capitalization of $10,497.71, a PE ratio of 18.88, a price-to-earnings-growth ratio of 4.20 and a beta of 1.25. Andeavor Logistics has a twelve month low of $42.17 and a twelve month high of $55.66.
Andeavor Logistics (NYSE:ANDX) last posted its quarterly earnings results on Thursday, February 15th. The oil and gas company reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by ($0.21). The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $519.00 million. Andeavor Logistics had a return on equity of 19.31% and a net margin of 14.67%. research analysts anticipate that Andeavor Logistics will post 2.88 earnings per share for the current year.
In related news, Director Jeff A. Stevens purchased 28,134 shares of the company’s stock in a transaction on Friday, March 2nd. The stock was acquired at an average cost of $46.14 per share, for a total transaction of $1,298,102.76. Following the completion of the transaction, the director now directly owns 300,119 shares in the company, valued at $13,847,490.66. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jeff A. Stevens purchased 11,980 shares of the company’s stock in a transaction on Monday, February 26th. The shares were bought at an average price of $48.00 per share, with a total value of $575,040.00. Following the completion of the transaction, the director now owns 240,150 shares of the company’s stock, valued at $11,527,200. The disclosure for this purchase can be found here. Insiders have acquired 83,929 shares of company stock worth $3,944,382 over the last ninety days. 0.15% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Envestnet Asset Management Inc. increased its position in shares of Andeavor Logistics by 512.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 4,694 shares of the oil and gas company’s stock valued at $217,000 after acquiring an additional 3,928 shares during the last quarter. Wealthsource Partners LLC acquired a new stake in shares of Andeavor Logistics during the fourth quarter valued at about $235,000. Brookfield Asset Management Inc. acquired a new stake in shares of Andeavor Logistics during the fourth quarter valued at about $216,686,000. Lake Street Advisors Group LLC acquired a new stake in shares of Andeavor Logistics during the fourth quarter valued at about $318,000. Finally, Westwood Holdings Group Inc. increased its position in shares of Andeavor Logistics by 13.5% during the fourth quarter. Westwood Holdings Group Inc. now owns 1,024,854 shares of the oil and gas company’s stock valued at $47,338,000 after acquiring an additional 122,085 shares during the last quarter. Institutional investors and hedge funds own 40.13% of the company’s stock.
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About Andeavor Logistics
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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