Andeavor Logistics LP (NYSE:ANDX) has earned a consensus recommendation of “Hold” from the nineteen brokerages that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $47.93.
Several research firms recently commented on ANDX. Raymond James lowered shares of Andeavor Logistics from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 23rd. Barclays began coverage on shares of Andeavor Logistics in a research note on Thursday, December 13th. They set an “equal weight” rating and a $36.00 target price for the company. Zacks Investment Research raised shares of Andeavor Logistics from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. JPMorgan Chase & Co. cut their target price on shares of Andeavor Logistics from $52.00 to $47.00 and set a “neutral” rating for the company in a research note on Wednesday, November 14th. Finally, ValuEngine lowered shares of Andeavor Logistics from a “hold” rating to a “sell” rating in a research note on Tuesday, October 30th.
ANDX stock traded up $0.46 on Tuesday, hitting $36.35. 934,298 shares of the company’s stock traded hands, compared to its average volume of 615,191. Andeavor Logistics has a 1-year low of $31.49 and a 1-year high of $51.86. The firm has a market cap of $8.92 billion, a PE ratio of 14.48, a P/E/G ratio of 1.63 and a beta of 1.65. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 1.01.
Andeavor Logistics (NYSE:ANDX) last released its earnings results on Wednesday, November 7th. The oil and gas company reported $0.68 EPS for the quarter, meeting the consensus estimate of $0.68. Andeavor Logistics had a net margin of 17.74% and a return on equity of 17.51%. The business had revenue of $843.00 million during the quarter, compared to analyst estimates of $571.56 million. During the same period in the prior year, the business earned $0.90 earnings per share. The business’s quarterly revenue was up 44.1% on a year-over-year basis. As a group, sell-side analysts expect that Andeavor Logistics will post 2.64 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 14th. Stockholders of record on Tuesday, February 5th will be issued a dividend of $1.03 per share. The ex-dividend date of this dividend is Monday, February 4th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 11.33%. Andeavor Logistics’s dividend payout ratio is currently 164.14%.
In other news, Director Jeff A. Stevens sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, November 29th. The shares were sold at an average price of $38.44, for a total transaction of $961,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.15% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in ANDX. Tortoise Capital Advisors L.L.C. increased its stake in Andeavor Logistics by 8.8% in the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 14,726,926 shares of the oil and gas company’s stock valued at $715,140,000 after buying an additional 1,187,861 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in Andeavor Logistics in the 3rd quarter valued at approximately $43,476,000. Virtus ETF Advisers LLC acquired a new position in Andeavor Logistics in the 3rd quarter valued at approximately $34,442,000. Alps Advisors Inc. increased its stake in Andeavor Logistics by 5.7% in the 3rd quarter. Alps Advisors Inc. now owns 7,854,437 shares of the oil and gas company’s stock valued at $381,411,000 after buying an additional 422,790 shares during the period. Finally, Wells Fargo & Company MN increased its stake in Andeavor Logistics by 15.8% in the 3rd quarter. Wells Fargo & Company MN now owns 1,955,183 shares of the oil and gas company’s stock valued at $94,943,000 after buying an additional 266,941 shares during the period. Hedge funds and other institutional investors own 33.08% of the company’s stock.
About Andeavor Logistics
Andeavor Logistics LP operates as a diversified midstream company in the United States. The Terminalling and Transportation segment comprises the Northwest Products Pipeline, including a regulated common carrier products pipeline running from Salt Lake City, Utah to Spokane, Washington and a jet fuel pipeline to the Salt Lake City International Airport; a regulated common carrier refined products pipeline system connecting its refinery to its terminals in Anchorage, Alaska; tankage and related equipment at the refinery; and crude oil and refined products terminals and storage facilities in the western, and southwest and midwestern U.S.
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