Traders Buy Shares of Andeavor (ANDV) on Weakness on Insider Selling

Traders bought shares of Andeavor (NYSE:ANDV) on weakness during trading on Thursday following insider selling activity. $64.60 million flowed into the stock on the tick-up and $41.24 million flowed out of the stock on the tick-down, for a money net flow of $23.36 million into the stock. Of all companies tracked, Andeavor had the 16th highest net in-flow for the day. Andeavor traded down ($2.98) for the day and closed at $110.13Specifically, VP Blane W. Peery sold 1,012 shares of Andeavor stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $89.64, for a total value of $90,715.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul L. Foster sold 212,400 shares of Andeavor stock in a transaction on Tuesday, April 10th. The shares were sold at an average price of $107.47, for a total value 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 $148,224,773.40. The disclosure for this sale can be found here. Insiders sold 353,024 shares of company stock valued at $39,348,881 over the last ninety days. Insiders own 7.00% of the company’s stock.

ANDV has been the subject of several analyst reports. Barclays reissued a “buy” rating and set a $162.00 target price on shares of Andeavor in a research note on Wednesday, January 10th. Piper Jaffray reissued a “buy” rating and set a $153.00 target price on shares of Andeavor in a research note on Monday, January 22nd. JPMorgan Chase reissued an “overweight” rating and set a $130.00 target price (down from $138.00) on shares of Andeavor in a research note on Tuesday, February 20th. Citigroup raised Andeavor from a “neutral” rating to a “buy” rating and set a $132.00 target price for the company in a research note on Wednesday, February 14th. Finally, Credit Suisse Group initiated coverage on Andeavor in a research note on Wednesday, January 3rd. They set an “outperform” rating and a $142.00 target price for the company. Five research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $126.94.

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The stock has a market capitalization of $16,958.69, a PE ratio of 17.02, a PEG ratio of 1.23 and a beta of 1.39. The company has a quick ratio of 0.65, a current ratio of 1.38 and a debt-to-equity ratio of 0.57.

Andeavor (NYSE:ANDV) last released its quarterly earnings data on Thursday, February 15th. The oil and gas company reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.18 by ($0.81). The business had revenue of $10.65 billion for the quarter, compared to analyst estimates of $10.79 billion. Andeavor had a return on equity of 6.86% and a net margin of 4.37%. research analysts predict that Andeavor will post 8.98 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $2.36 annualized dividend and a dividend yield of 2.14%. Andeavor’s dividend payout ratio is currently 36.48%.

Large investors have recently added to or reduced their stakes in the company. State of Tennessee Treasury Department lifted its holdings in shares of Andeavor by 219.5% in the 4th 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 purchasing an additional 355,260 shares during the last quarter. Prudential Financial Inc. purchased a new stake in shares of Andeavor in the 3rd quarter valued at about $150,513,000. Polianta Ltd purchased a new stake in shares of Andeavor in the 4th quarter valued at about $1,292,000. Shell Asset Management Co. purchased a new stake in shares of Andeavor in the 4th quarter valued at about $8,272,000. Finally, Harbour Capital Advisors LLC purchased a new stake in shares of Andeavor in the 4th quarter valued at about $593,000. 79.57% of the stock is owned by institutional investors and hedge funds.

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About Andeavor

Andeavor, formerly Tesoro Corporation, is an independent petroleum refining, logistics and marketing company. he Company operates through three segments. The Refining operating segment refines crude oil and other feedstocks into transportation fuels, such as gasoline and gasoline blendstocks, jet fuel and diesel fuel, as well as other products, including heavy fuel oils, liquefied petroleum gas and petroleum coke for sale in bulk markets to a range of customers within its markets.

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