Korea Investment CORP Trims Holdings in Andeavor (ANDV)

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Korea Investment CORP decreased its position in shares of Andeavor (NYSE:ANDV) by 40.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 104,902 shares of the oil and gas company’s stock after selling 72,300 shares during the quarter. Korea Investment CORP owned approximately 0.07% of Andeavor worth $13,761,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Ffcm LLC lifted its stake in shares of Andeavor by 257.6% in the 1st quarter. Ffcm LLC now owns 819 shares of the oil and gas company’s stock valued at $114,000 after purchasing an additional 590 shares during the period. Ostrum Asset Management acquired a new position in shares of Andeavor in the 1st quarter valued at $123,000. CIBC Private Wealth Group LLC lifted its stake in shares of Andeavor by 114.5% in the 2nd quarter. CIBC Private Wealth Group LLC now owns 1,255 shares of the oil and gas company’s stock valued at $165,000 after purchasing an additional 670 shares during the period. Parallel Advisors LLC raised its stake in 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 buying an additional 1,159 shares during the period. Finally, Ropes Wealth Advisors LLC raised its stake in Andeavor by 118.7% during the 2nd quarter. Ropes Wealth Advisors LLC now owns 1,428 shares of the oil and gas company’s stock worth $187,000 after buying an additional 775 shares during the period. 77.69% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently commented on ANDV shares. ValuEngine raised Andeavor from a “hold” rating to a “buy” rating in a research note on Thursday, July 12th. Royal Bank of Canada raised their price objective on Andeavor to $151.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 14th. They noted that the move was a valuation call. Morgan Stanley raised their price objective on Andeavor from $145.00 to $182.00 and gave the stock a “hold” rating in a research note on Tuesday, May 22nd. JPMorgan Chase & Co. downgraded Andeavor from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $144.06 to $131.00 in a research note on Monday, May 14th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a $145.00 price objective (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 issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $138.75.

ANDV stock opened at $153.29 on Friday. The stock has a market cap of $23.24 billion, a price-to-earnings ratio of 23.69, a PEG ratio of 1.75 and a beta of 1.15. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.42 and a quick ratio of 0.69. Andeavor has a 1 year low of $89.58 and a 1 year high of $157.65.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, September 14th. Shareholders of record on Friday, August 31st will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Thursday, August 30th. Andeavor’s dividend payout ratio (DPR) is presently 36.48%.

In other Andeavor news, Director Paul L. Foster sold 58,800 shares of the stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $149.37, for a total transaction of $8,782,956.00. Following the completion of the transaction, the director now owns 1,280,161 shares in the company, valued at approximately $191,217,648.57. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Paul L. Foster sold 5,880 shares of the stock in a transaction dated 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 owns 1,270,217 shares of the company’s stock, valued at approximately $197,925,212.94. The disclosure for this sale can be found here. In the last quarter, insiders have sold 266,141 shares of company stock valued at $37,938,978. Corporate insiders own 7.00% of the company’s stock.

About Andeavor

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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