Andeavor (NYSE:ANDV)‘s stock had its “neutral” rating reaffirmed by research analysts at Credit Suisse Group in a research note issued on Friday. They presently have a $145.00 price target on the oil and gas company’s stock, up from their previous price target of $142.00. Credit Suisse Group’s price target suggests a potential upside of 0.20% from the company’s current price.
A number of other equities analysts have also recently issued reports on ANDV. Citigroup reissued a “neutral” rating on shares of Andeavor in a report on Monday, January 22nd. Piper Jaffray reissued a “buy” rating and issued a $153.00 target price on shares of Andeavor in a report on Monday, January 22nd. Zacks Investment Research raised shares of Andeavor from a “hold” rating to a “buy” rating and set a $133.00 target price on the stock in a report on Monday, January 22nd. JPMorgan Chase reissued an “overweight” rating and issued a $130.00 target price (down previously from $138.00) on shares of Andeavor in a report on Tuesday, February 20th. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $112.00 target price on shares of Andeavor in a report on Friday, February 23rd. Ten equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Andeavor currently has an average rating of “Buy” and an average target price of $125.79.
Shares of NYSE ANDV opened at $144.71 on Friday. The company has a current ratio of 1.41, a quick ratio of 0.64 and a debt-to-equity ratio of 0.64. Andeavor has a 52-week low of $81.37 and a 52-week high of $147.28. The stock has a market capitalization of $22.19 billion, a price-to-earnings ratio of 22.37, a price-to-earnings-growth ratio of 1.62 and a beta of 1.35.
Andeavor (NYSE:ANDV) last issued its earnings results on Thursday, February 15th. The oil and gas company reported $0.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.18 by ($0.81). Andeavor had a return on equity of 6.51% and a net margin of 4.27%. The business had revenue of $10.65 billion during the quarter, compared to the consensus estimate of $10.79 billion. analysts anticipate that Andeavor will post 9.07 EPS for the current fiscal year.
In related news, SVP Michael James Morrison acquired 1,700 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were acquired at an average price of $93.83 per share, for a total transaction of $159,511.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Blane W. Peery sold 1,012 shares of the firm’s stock in a transaction that occurred on 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 916,795 shares of company stock worth $113,832,138 in the last 90 days. 7.00% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. State of Tennessee Treasury Department increased its stake in shares of Andeavor by 219.5% during the fourth 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 during the period. Shell Asset Management Co. acquired a new position in shares of Andeavor during the fourth quarter valued at approximately $8,272,000. Harbour Capital Advisors LLC acquired a new position in shares of Andeavor during the fourth quarter valued at approximately $593,000. IBM Retirement Fund increased its stake in shares of Andeavor by 72.9% during the fourth quarter. IBM Retirement Fund now owns 3,936 shares of the oil and gas company’s stock valued at $494,000 after acquiring an additional 1,660 shares during the period. Finally, Intrust Bank NA acquired a new position in shares of Andeavor during the fourth quarter valued at approximately $207,000. Institutional investors and hedge funds own 79.27% of the company’s stock.
Andeavor Company Profile
Andeavor, through its subsidiaries, operates as an independent petroleum refining, logistics, and marketing company in the United States. The company operates in three segments: Marketing, Logistics, and Refining. The Marketing segment sells gasoline and diesel fuel through retail, branded, and unbranded channels.
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