Janus Henderson Group PLC Sells 382,496 Shares of Andeavor (ANDV)

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Janus Henderson Group PLC reduced its holdings in shares of Andeavor (NYSE:ANDV) by 42.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 513,886 shares of the oil and gas company’s stock after selling 382,496 shares during the period. Janus Henderson Group PLC owned 0.34% of Andeavor worth $67,414,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of ANDV. Ffcm LLC grew 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 acquiring an additional 590 shares during the period. Ostrum Asset Management acquired a new stake in Andeavor during the 1st quarter worth about $123,000. CIBC Private Wealth Group LLC boosted its position in shares of Andeavor by 114.5% during the 2nd quarter. CIBC Private Wealth Group LLC now owns 1,255 shares of the oil and gas company’s stock worth $165,000 after purchasing an additional 670 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Andeavor by 719.9% during the 2nd quarter. Parallel Advisors LLC now owns 1,320 shares of the oil and gas company’s stock worth $173,000 after purchasing an additional 1,159 shares in the last quarter. Finally, Evermay Wealth Management LLC bought a new position in shares of Andeavor during the 1st quarter worth about $205,000. Hedge funds and other institutional investors own 77.69% of the company’s stock.

In related news, Director Paul L. Foster sold 5,880 shares of the firm’s stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $155.82, for a total value of $916,221.60. Following the transaction, the director now owns 1,270,217 shares of the company’s stock, valued at approximately $197,925,212.94. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Paul L. Foster sold 58,800 shares of the firm’s stock in a transaction dated Tuesday, June 19th. The shares were sold at an average price of $138.51, for a total transaction of $8,144,388.00. Following the completion of the transaction, the director now directly owns 1,317,912 shares in the company, valued at approximately $182,543,991.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 266,141 shares of company stock worth $37,938,978. 7.00% of the stock is owned by insiders.

ANDV has been the topic of a number of research analyst reports. Citigroup cut shares of Andeavor from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $144.08 to $80.46 in a research report on Thursday, May 10th. JPMorgan Chase & Co. cut shares of Andeavor from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $144.06 to $131.00 in a research report on Monday, May 14th. Credit Suisse Group reissued a “neutral” rating and set a $145.00 price objective (up previously from $142.00) on shares of Andeavor in a research report on Friday, May 18th. Tudor Pickering cut shares of Andeavor from a “buy” rating to a “hold” rating in a research report on Friday, May 18th. Finally, Morgan Stanley increased their price objective on shares of Andeavor from $145.00 to $182.00 and gave the stock a “hold” rating in a research report on Tuesday, May 22nd. Twelve equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $134.09.

Shares of NYSE ANDV opened at $155.47 on Thursday. Andeavor has a fifty-two week low of $89.58 and a fifty-two week high of $157.10. The stock has a market capitalization of $23.09 billion, a P/E ratio of 21.05, a price-to-earnings-growth ratio of 1.74 and a beta of 1.15. The company has a current ratio of 1.42, a quick ratio of 0.69 and a debt-to-equity ratio of 0.64.

Andeavor (NYSE:ANDV) last announced its quarterly earnings results on Monday, August 6th. The oil and gas company reported $3.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.96 by $0.58. Andeavor had a net margin of 4.91% and a return on equity of 8.52%. The business had revenue of $12.47 billion for the quarter, compared to analysts’ expectations of $12.36 billion. sell-side analysts expect that Andeavor will post 8.8 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Friday, August 31st will be given a $0.59 dividend. The ex-dividend date of this dividend is Thursday, August 30th. This represents a $2.36 annualized dividend and a yield of 1.52%. Andeavor’s payout ratio is 36.48%.

Andeavor 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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Institutional Ownership by Quarter for Andeavor (NYSE:ANDV)

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