Andeavor (NYSE:ANDV) – Analysts at Jefferies Group reduced their Q4 2017 earnings per share (EPS) estimates for Andeavor in a report released on Wednesday, Zacks Investment Research reports. Jefferies Group analyst C. Goldman now forecasts that the oil and gas company will earn $1.76 per share for the quarter, down from their prior forecast of $2.44. Jefferies Group has a “Hold” rating and a $108.00 price target on the stock. Jefferies Group also issued estimates for Andeavor’s Q1 2018 earnings at $1.55 EPS, Q2 2018 earnings at $2.90 EPS, Q4 2018 earnings at $1.54 EPS and FY2019 earnings at $8.24 EPS.
ANDV has been the topic of a number of other research reports. Zacks Investment Research lowered Andeavor from a “buy” rating to a “hold” rating in a research report on Thursday, October 19th. Wells Fargo & Co reiterated an “outperform” rating and set a $127.00 target price (up previously from $106.00) on shares of Andeavor in a research report on Tuesday, October 17th. Barclays reiterated an “overweight” rating and set a $121.00 target price (up previously from $118.00) on shares of Andeavor in a research report on Tuesday, October 10th. UBS Group raised their price objective on Andeavor from $116.00 to $123.00 and gave the company a “buy” rating in a report on Wednesday, November 15th. Finally, Royal Bank of Canada decreased their price objective on Andeavor from $109.00 to $107.00 and set a “sector perform” rating on the stock in a report on Friday, November 10th. Seven equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $121.32.
Shares of Andeavor (NYSE ANDV) traded up $1.74 during trading hours on Friday, hitting $119.13. The stock had a trading volume of 1,050,000 shares, compared to its average volume of 1,460,000. Andeavor has a 52-week low of $75.11 and a 52-week high of $119.33. The stock has a market cap of $18,580.00, a price-to-earnings ratio of 24.41, a price-to-earnings-growth ratio of 0.68 and a beta of 1.55. The company has a quick ratio of 0.62, a current ratio of 1.47 and a debt-to-equity ratio of 0.61.
The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Thursday, November 30th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend was Wednesday, November 29th. Andeavor’s dividend payout ratio (DPR) is presently 48.36%.
In other Andeavor news, Director Paul L. Foster sold 45,000 shares of the firm’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $108.33, for a total value of $4,874,850.00. Following the completion of the sale, the director now directly owns 1,447,567 shares of the company’s stock, valued at approximately $156,814,933.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael E. Wiley sold 700 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $106.24, for a total value of $74,368.00. Following the sale, the director now directly owns 41,850 shares of the company’s stock, valued at $4,446,144. The disclosure for this sale can be found here. Insiders sold a total of 169,188 shares of company stock valued at $18,798,235 over the last ninety days. Corporate insiders own 0.86% of the company’s stock.
Several large investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC increased its position in shares of Andeavor by 0.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 71,194 shares of the oil and gas company’s stock worth $8,140,000 after purchasing an additional 483 shares during the last quarter. First Command Financial Services Inc. acquired a new stake in shares of Andeavor during the 4th quarter worth about $312,000. Daiwa SB Investments Ltd. acquired a new stake in shares of Andeavor during the 4th quarter worth about $106,000. Leavell Investment Management Inc. acquired a new stake in shares of Andeavor during the 4th quarter worth about $370,000. Finally, DnB Asset Management AS increased its position in shares of Andeavor by 9.2% during the 4th quarter. DnB Asset Management AS now owns 19,000 shares of the oil and gas company’s stock worth $2,172,000 after purchasing an additional 1,600 shares during the last quarter. 78.85% of the stock is owned by hedge funds and other institutional investors.
Andeavor Company Profile
Andeavor, formerly Tesoro Corporation, is an independent petroleum refining, logistics and marketing company. he Company operates through three segments. The Refining operating segment refines crude oil and other feedstocks into transportation fuels, such as gasoline and gasoline blendstocks, jet fuel and diesel fuel, as well as other products, including heavy fuel oils, liquefied petroleum gas and petroleum coke for sale in bulk markets to a range of customers within its markets.
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