Natixis bought a new position in shares of Andeavor (NYSE:ANDV) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 8,234 shares of the oil and gas company’s stock, valued at approximately $828,000.
A number of other large investors have also recently added to or reduced their stakes in ANDV. Ffcm LLC grew its holdings in Andeavor by 257.6% during the first quarter. Ffcm LLC now owns 819 shares of the oil and gas company’s stock worth $114,000 after acquiring an additional 590 shares during the period. Ostrum Asset Management acquired a new position in Andeavor during the first quarter worth about $123,000. BB&T Investment Services Inc. acquired a new position in Andeavor during the fourth quarter worth about $126,000. Tower Research Capital LLC TRC boosted its position 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 period. Finally, Evermay Wealth Management LLC acquired a new position in shares of Andeavor in the 1st quarter valued at $205,000. 81.08% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms recently weighed in on ANDV. ValuEngine lowered Andeavor from a “buy” rating to a “hold” rating in a research report on Thursday. Citigroup lowered Andeavor from a “buy” rating to a “neutral” rating and decreased their price target for the company from $144.08 to $80.46 in a research report on Thursday, May 10th. Wells Fargo & Co lowered Andeavor from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 8th. Jefferies Financial Group upgraded Andeavor from a “hold” rating to a “buy” rating and set a $108.00 price target for the company in a research report on Thursday, May 3rd. Finally, Credit Suisse Group reiterated a “neutral” rating and issued a $145.00 price target (up previously from $142.00) on shares of Andeavor in a research report on Friday, May 18th. Eleven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $129.90.
Shares of Andeavor opened at $135.05 on Monday, according to MarketBeat.com. Andeavor has a one year low of $89.58 and a one year high of $151.88. The stock has a market cap of $20.41 billion, a price-to-earnings ratio of 23.78, a price-to-earnings-growth ratio of 1.38 and a beta of 1.32. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.41 and a quick ratio of 0.64.
Andeavor (NYSE:ANDV) last announced its quarterly earnings data on Monday, May 7th. The oil and gas company reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.07. Andeavor had a return on equity of 6.51% and a net margin of 4.27%. The firm had revenue of $10.30 billion during the quarter, compared to analyst estimates of $9.62 billion. During the same period last year, the company posted $0.42 EPS. The business’s quarterly revenue was up 55.2% compared to the same quarter last year. equities analysts expect that Andeavor will post 9.78 EPS for the current year.
The firm 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 1.75%. Andeavor’s payout ratio is presently 36.48%.
In other Andeavor news, Director Jeff A. Stevens sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, June 6th. The stock was sold at an average price of $146.99, for a total transaction of $2,939,800.00. Following the completion of the sale, the director now directly owns 1,022,768 shares in the company, valued at approximately $150,336,668.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul L. Foster sold 5,880 shares of Andeavor stock in a transaction dated Monday, May 14th. The shares were sold at an average price of $141.41, for a total value of $831,490.80. Following the sale, the director now owns 1,349,034 shares of the company’s stock, valued at $190,766,897.94. 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 90 days. Corporate insiders own 7.00% of the company’s stock.
Andeavor Company Profile
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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