FDx Advisors Inc. cut its holdings in shares of Andeavor (NYSE:ANDV) by 17.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,783 shares of the oil and gas company’s stock after selling 386 shares during the period. FDx Advisors Inc.’s holdings in Andeavor were worth $274,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Nomura Holdings Inc. grew its stake in Andeavor by 318.0% in the second quarter. Nomura Holdings Inc. now owns 112,004 shares of the oil and gas company’s stock worth $14,692,000 after purchasing an additional 163,383 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in Andeavor in the second quarter worth $21,238,000. Energy Opportunities Capital Management LLC grew its stake in Andeavor by 22.1% in the second quarter. Energy Opportunities Capital Management LLC now owns 26,512 shares of the oil and gas company’s stock worth $3,478,000 after purchasing an additional 4,800 shares during the period. Mark Sheptoff Financial Planning LLC grew its stake in Andeavor by 13,630.2% in the second quarter. Mark Sheptoff Financial Planning LLC now owns 5,904 shares of the oil and gas company’s stock worth $775,000 after purchasing an additional 5,861 shares during the period. Finally, Omni Partners LLP purchased a new stake in Andeavor in the second quarter worth $42,793,000. 77.65% of the stock is currently owned by hedge funds and other institutional investors.
Andeavor has a 1-year low of $89.58 and a 1-year high of $163.19.
In other Andeavor news, Director Paul L. Foster sold 52,800 shares of the business’s stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $155.74, for a total value 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 Securities & Exchange Commission, which is available at this hyperlink. Insiders own 7.00% of the company’s stock.
Several equities research analysts recently weighed in on the company. Citigroup upped their price target on Andeavor from $148.00 to $155.00 and gave the stock a “hold” rating in a research note on Friday, September 7th. Royal Bank of Canada boosted their target price on Andeavor to $151.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 14th. They noted that the move was a valuation call. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $147.73.
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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: Leveraged Buyout (LBO) Explained
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