Highland Capital Management LP boosted its stake in shares of Andeavor (NYSE:ANDV) by 52.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,242 shares of the oil and gas company’s stock after purchasing an additional 30,418 shares during the quarter. Andeavor comprises 0.7% of Highland Capital Management LP’s holdings, making the stock its 29th largest holding. Highland Capital Management LP’s holdings in Andeavor were worth $13,545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of the stock. LSV Asset Management raised its stake in Andeavor by 4.0% in the second quarter. LSV Asset Management now owns 1,251,874 shares of the oil and gas company’s stock valued at $164,220,000 after buying an additional 48,700 shares during the last quarter. Alpine Associates Management Inc. raised its stake in shares of Andeavor by 2.2% in the third quarter. Alpine Associates Management Inc. now owns 1,193,021 shares of the oil and gas company’s stock worth $178,824,000 after purchasing an additional 25,221 shares during the last quarter. Natixis raised its stake in shares of Andeavor by 9,275.8% in the second quarter. Natixis now owns 772,003 shares of the oil and gas company’s stock worth $101,271,000 after purchasing an additional 763,769 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Andeavor by 5.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 737,134 shares of the oil and gas company’s stock worth $113,150,000 after purchasing an additional 40,834 shares during the last quarter. Finally, Swiss National Bank raised its stake in shares of Andeavor by 1.6% in the second quarter. Swiss National Bank now owns 483,400 shares of the oil and gas company’s stock worth $63,412,000 after purchasing an additional 7,400 shares during the last quarter. 77.65% of the stock is currently owned by institutional investors.
Andeavor has a 1-year low of $89.58 and a 1-year high of $163.19.
ANDV has been the subject of several research analyst reports. Royal Bank of Canada raised their price objective on Andeavor to $151.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 14th. They noted that the move was a valuation call. Citigroup raised their price objective on Andeavor from $148.00 to $155.00 and gave the stock a “hold” rating in a research note on Friday, September 7th. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $147.73.
In related news, Director Paul L. Foster sold 52,800 shares of the firm’s stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $155.74, for a total transaction of $8,223,072.00. Following the sale, the director now directly owns 1,255,452 shares of the company’s stock, valued at $195,524,094.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 7.00% of the stock is owned by company insiders.
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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.
Further Reading: Stock Symbols and CUSIP Explained
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