OppenheimerFunds Inc. lowered its holdings in Andeavor (NYSE:ANDV) by 24.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,092 shares of the oil and gas company’s stock after selling 11,714 shares during the quarter. OppenheimerFunds Inc.’s holdings in Andeavor were worth $3,730,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the business. Ffcm LLC lifted its holdings in Andeavor by 257.6% during the 1st quarter. Ffcm LLC now owns 819 shares of the oil and gas company’s stock worth $114,000 after buying an additional 590 shares during the last quarter. BB&T Investment Services Inc. purchased a new stake in shares of Andeavor in the 4th quarter valued at about $126,000. Tower Research Capital LLC TRC lifted its holdings in shares of Andeavor by 1,082.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,656 shares of the oil and gas company’s stock valued at $189,000 after purchasing an additional 1,516 shares during the last quarter. Moors & Cabot Inc. purchased a new stake in shares of Andeavor in the 4th quarter valued at about $206,000. Finally, Intrust Bank NA purchased a new stake in shares of Andeavor in the 4th quarter valued at about $207,000. Institutional investors own 81.08% of the company’s stock.
In other Andeavor news, Director Paul L. Foster sold 212,400 shares of Andeavor stock in a transaction that occurred 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 transaction, the director now owns 1,379,220 shares in the company, valued at $148,224,773.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jeff A. Stevens sold 109,275 shares of Andeavor stock in a transaction that occurred on Friday, April 27th. The stock was sold at an average price of $123.19, for a total transaction of $13,461,587.25. Following the completion of the transaction, the director now owns 1,196,578 shares in the company, valued at approximately $147,406,443.82. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,068,621 shares of company stock worth $135,635,333. Corporate insiders own 7.00% of the company’s stock.
Andeavor traded down $0.01, reaching $135.05, during mid-day trading on Friday, MarketBeat.com reports. The stock had a trading volume of 3,040,749 shares, compared to its average volume of 1,374,592. The company has a market capitalization of $20.41 billion, a price-to-earnings ratio of 20.87, a price-to-earnings-growth ratio of 1.38 and a beta of 1.32. Andeavor has a 1-year low of $89.58 and a 1-year high of $151.88. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.64 and a current ratio of 1.41.
Andeavor (NYSE:ANDV) last issued its earnings results on Monday, May 7th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.07. Andeavor had a net margin of 4.27% and a return on equity of 6.51%. The firm had revenue of $10.30 billion for the quarter, compared to analysts’ expectations of $9.62 billion. During the same quarter last year, the company posted $0.42 earnings per share. Andeavor’s revenue was up 55.2% on a year-over-year basis. equities research analysts forecast that Andeavor will post 9.78 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 15th. Stockholders of record on Thursday, May 31st were issued 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 dividend yield of 1.75%. Andeavor’s dividend payout ratio (DPR) is presently 36.48%.
Several equities analysts have issued reports on the company. ValuEngine cut Andeavor from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 1st. Tudor Pickering cut Andeavor from a “buy” rating to a “hold” rating in a report on Friday, May 18th. Credit Suisse Group restated a “neutral” rating and issued a $145.00 price target (up previously from $142.00) on shares of Andeavor in a report on Friday, May 18th. Morgan Stanley increased their target price on Andeavor from $145.00 to $182.00 and gave the company a “hold” rating in a report on Tuesday, May 22nd. Finally, Citigroup cut Andeavor from a “buy” rating to a “neutral” rating and lowered their target price for the company from $144.08 to $80.46 in a report on Thursday, May 10th. Eleven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $129.90.
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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