Exxonmobil Investment Management Inc. TX reduced its stake in shares of Andeavor (NYSE:ANDV) by 13.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,820 shares of the oil and gas company’s stock after selling 3,540 shares during the quarter. Exxonmobil Investment Management Inc. TX’s holdings in Andeavor were worth $2,609,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the company. Sun Life Financial INC bought a new stake in shares of Andeavor in the third quarter worth about $110,000. Bollard Group LLC bought a new stake in shares of Andeavor in the third quarter worth about $123,000. Edge Wealth Management LLC bought a new stake in shares of Andeavor in the third quarter worth about $128,000. Bronfman E.L. Rothschild L.P. bought a new stake in shares of Andeavor in the third quarter worth about $155,000. Finally, Robecosam AG bought a new stake in shares of Andeavor in the third quarter worth about $166,000. 78.85% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Jeff A. Stevens sold 32,500 shares of Andeavor stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $117.07, for a total transaction of $3,804,775.00. Following the completion of the transaction, the director now directly owns 1,503,845 shares in the company, valued at $176,055,134.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeff A. Stevens sold 25,000 shares of Andeavor stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $111.24, for a total transaction of $2,781,000.00. Following the transaction, the director now owns 1,529,174 shares of the company’s stock, valued at $170,105,315.76. The disclosure for this sale can be found here. Insiders have sold 169,188 shares of company stock valued at $18,798,235 over the last quarter. Company insiders own 0.86% of the company’s stock.
Several analysts recently issued reports on the company. Barclays reissued a “buy” rating and issued a $162.00 target price on shares of Andeavor in a research note on Wednesday. Credit Suisse Group assumed coverage on Andeavor in a research note on Wednesday, January 3rd. They issued an “outperform” rating and a $142.00 target price on the stock. BidaskClub raised Andeavor from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. ValuEngine cut Andeavor from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. Finally, Wells Fargo & Co raised their price objective on shares of Andeavor to $141.00 and gave the stock an “outperform” rating in a report on Wednesday, December 6th. Seven research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Andeavor presently has an average rating of “Buy” and an average price target of $121.32.
Shares of Andeavor (NYSE:ANDV) opened at $119.13 on Friday. The company has a quick ratio of 0.62, a current ratio of 1.47 and a debt-to-equity ratio of 0.61. Andeavor has a 1-year low of $75.11 and a 1-year high of $119.33. The company has a market cap of $18,583.92, a PE ratio of 23.09, a price-to-earnings-growth ratio of 0.69 and a beta of 1.55.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 30th were issued a dividend of $0.59 per share. The ex-dividend date was Wednesday, November 29th. This represents a $2.36 annualized dividend and a dividend yield of 1.98%. Andeavor’s payout ratio is 47.87%.
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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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