Canada Pension Plan Investment Board lessened its holdings in shares of Andeavor (NYSE:ANDV) by 91.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,310 shares of the oil and gas company’s stock after selling 107,000 shares during the period. Canada Pension Plan Investment Board’s holdings in Andeavor were worth $1,352,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in the company. FIL Ltd lifted its stake in Andeavor by 48.7% in the 1st quarter. FIL Ltd now owns 1,653,124 shares of the oil and gas company’s stock valued at $166,238,000 after acquiring an additional 541,461 shares in the last quarter. LSV Asset Management lifted its stake in Andeavor by 17.0% in the 1st quarter. LSV Asset Management now owns 1,203,174 shares of the oil and gas company’s stock valued at $120,991,000 after acquiring an additional 174,600 shares in the last quarter. Westfield Capital Management Co. LP lifted its stake in Andeavor by 57.0% in the 1st quarter. Westfield Capital Management Co. LP now owns 1,148,183 shares of the oil and gas company’s stock valued at $115,461,000 after acquiring an additional 416,928 shares in the last quarter. Guggenheim Capital LLC lifted its stake in Andeavor by 3.7% in the 1st quarter. Guggenheim Capital LLC now owns 712,050 shares of the oil and gas company’s stock valued at $71,602,000 after acquiring an additional 25,705 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Andeavor by 18.5% in the 1st quarter. Wells Fargo & Company MN now owns 697,754 shares of the oil and gas company’s stock valued at $70,165,000 after acquiring an additional 108,811 shares in the last quarter. Institutional investors and hedge funds own 77.69% of the company’s stock.
NYSE:ANDV opened at $153.80 on Friday. The company has a market cap of $23.09 billion, a price-to-earnings ratio of 23.77, a P/E/G ratio of 1.74 and a beta of 1.15. Andeavor has a twelve month low of $89.58 and a twelve month high of $157.65. 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 posted its quarterly earnings results on Monday, August 6th. The oil and gas company reported $3.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.96 by $0.58. The firm had revenue of $12.47 billion for the quarter, compared to analyst estimates of $12.36 billion. Andeavor had a return on equity of 8.52% and a net margin of 4.91%. research analysts forecast that Andeavor will post 8.8 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 14th. Shareholders of record on Friday, August 31st will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Thursday, August 30th. Andeavor’s dividend payout ratio (DPR) is 36.48%.
Several equities research analysts have commented on the company. ValuEngine cut Andeavor from a “buy” rating to a “hold” rating in a research note on Thursday, June 21st. US Capital Advisors cut Andeavor from a “buy” rating to a “hold” rating in a research note on Friday, June 29th. Citigroup cut Andeavor from a “buy” rating to a “neutral” rating and cut their target price for the company from $144.08 to $80.46 in a research note on Thursday, May 10th. Mizuho assumed coverage on Andeavor in a research note on Thursday, August 2nd. They issued a “neutral” rating and a $158.00 target price on the stock. Finally, Credit Suisse Group restated a “neutral” rating and issued a $145.00 target price (up previously from $142.00) on shares of Andeavor in a research note on Friday, May 18th. Twelve investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $134.09.
In related news, VP Stephan E. Tompsett sold 490 shares of the business’s stock in a transaction that occurred on Thursday, August 9th. The stock was sold at an average price of $151.65, for a total transaction of $74,308.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Paul L. Foster sold 5,880 shares of the business’s stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $155.82, for a total value of $916,221.60. Following the transaction, the director now directly owns 1,270,217 shares in the company, valued at $197,925,212.94. The disclosure for this sale can be found here. Insiders have sold a total of 266,141 shares of company stock worth $37,938,978 in the last ninety days. Insiders own 7.00% of the company’s stock.
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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