Wall Street analysts expect Andeavor (NYSE:ANDV) to report sales of $12.40 billion for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Andeavor’s earnings. The highest sales estimate is $14.94 billion and the lowest is $10.70 billion. Andeavor reported sales of $7.85 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 58%. The firm is expected to report its next earnings results on Tuesday, August 14th.
On average, analysts expect that Andeavor will report full year sales of $47.51 billion for the current fiscal year, with estimates ranging from $40.40 billion to $54.33 billion. For the next year, analysts anticipate that the firm will report sales of $49.58 billion per share, with estimates ranging from $40.04 billion to $60.96 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover Andeavor.
Andeavor (NYSE:ANDV) last released its quarterly earnings data on Monday, May 7th. The oil and gas company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. Andeavor had a return on equity of 6.51% and a net margin of 4.27%. The business had revenue of $10.30 billion for the quarter, compared to the consensus estimate of $9.62 billion. During the same quarter in the prior year, the business posted $0.42 EPS. The business’s revenue for the quarter was up 55.2% on a year-over-year basis.
A number of brokerages recently issued reports on ANDV. ValuEngine cut Andeavor from a “buy” rating to a “hold” rating in a research report on Thursday, June 21st. Morgan Stanley upped their target price on Andeavor from $145.00 to $182.00 and gave the company a “hold” rating in a research report on Tuesday, May 22nd. Tudor Pickering cut Andeavor from a “buy” rating to a “hold” rating in a research report on Friday, May 18th. Credit Suisse Group reissued a “neutral” rating and issued a $145.00 target price (up from $142.00) on shares of Andeavor in a research report on Friday, May 18th. Finally, JPMorgan Chase & Co. cut Andeavor from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $144.06 to $131.00 in a research report on Monday, May 14th. Eleven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $129.90.
Shares of Andeavor traded down $1.76, reaching $129.90, during trading hours on Friday, according to Marketbeat. The stock had a trading volume of 1,586,121 shares, compared to its average volume of 1,917,512. The stock has a market cap of $19.72 billion, a PE ratio of 20.08, a price-to-earnings-growth ratio of 1.33 and a beta of 1.32. The company has a quick ratio of 0.64, a current ratio of 1.41 and a debt-to-equity ratio of 0.64. Andeavor has a fifty-two week low of $89.58 and a fifty-two week high of $151.88.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 15th. Shareholders of record on Thursday, May 31st were given a dividend of $0.59 per share. The ex-dividend date was Wednesday, May 30th. This represents a $2.36 dividend on an annualized basis and a yield of 1.82%. Andeavor’s payout ratio is 36.48%.
In other Andeavor news, Director Paul L. Foster sold 212,400 shares of the stock in a transaction that occurred on Tuesday, April 10th. The stock was sold at an average price of $107.47, for a total transaction of $22,826,628.00. Following the completion of the sale, the director now directly owns 1,379,220 shares of the company’s stock, valued at approximately $148,224,773.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeff A. Stevens sold 73,700 shares of the firm’s stock in a transaction that occurred on Monday, April 23rd. The shares were sold at an average price of $118.32, for a total value of $8,720,184.00. Following the completion of the sale, the director now directly owns 1,292,974 shares of the company’s stock, valued at $152,984,683.68. The disclosure for this sale can be found here. Insiders have sold a total of 1,068,621 shares of company stock valued at $135,635,333 over the last ninety days. 7.00% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. FIL Ltd lifted its holdings in shares of Andeavor by 48.7% in the 1st quarter. FIL Ltd now owns 1,653,124 shares of the oil and gas company’s stock valued at $166,238,000 after buying an additional 541,461 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Andeavor by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 1,553,715 shares of the oil and gas company’s stock valued at $177,290,000 after buying an additional 32,226 shares during the period. LSV Asset Management lifted its holdings in shares of Andeavor by 17.0% in the 1st quarter. LSV Asset Management now owns 1,203,174 shares of the oil and gas company’s stock valued at $120,991,000 after buying an additional 174,600 shares during the period. Westfield Capital Management Co. LP lifted its holdings in shares of Andeavor by 57.0% in the 1st quarter. Westfield Capital Management Co. LP now owns 1,148,183 shares of the oil and gas company’s stock valued at $115,461,000 after buying an additional 416,928 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in shares of Andeavor by 25.9% in the 4th quarter. Renaissance Technologies LLC now owns 942,685 shares of the oil and gas company’s stock valued at $107,787,000 after buying an additional 194,100 shares during the period. 81.10% of the stock is owned by institutional investors and hedge funds.
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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