Mackenzie Financial Corp acquired a new stake in Andeavor (NYSE:ANDV) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 79,005 shares of the oil and gas company’s stock, valued at approximately $9,033,000. Mackenzie Financial Corp owned about 0.05% of Andeavor at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the stock. Commerzbank Aktiengesellschaft FI lifted its position in shares of Andeavor by 0.7% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 64,661 shares of the oil and gas company’s stock valued at $7,393,000 after purchasing an additional 445 shares in the last quarter. Nisa Investment Advisors LLC raised its position in Andeavor by 0.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 71,194 shares of the oil and gas company’s stock worth $8,140,000 after acquiring an additional 483 shares during the period. Sigma Planning Corp raised its position in Andeavor by 32.6% in the fourth quarter. Sigma Planning Corp now owns 2,735 shares of the oil and gas company’s stock worth $313,000 after acquiring an additional 673 shares during the period. Capital Innovations LLC increased its stake in shares of Andeavor by 9.1% in the fourth quarter. Capital Innovations LLC now owns 8,250 shares of the oil and gas company’s stock worth $943,000 after purchasing an additional 685 shares in the last quarter. Finally, Norinchukin Bank The increased its stake in shares of Andeavor by 6.8% in the fourth quarter. Norinchukin Bank The now owns 11,474 shares of the oil and gas company’s stock worth $1,312,000 after purchasing an additional 730 shares in the last quarter. 79.59% of the stock is owned by institutional investors and hedge funds.
Andeavor (NYSE:ANDV) traded up $0.86 during mid-day trading on Wednesday, hitting $99.43. The company had a trading volume of 1,449,447 shares, compared to its average volume of 1,729,037. Andeavor has a 12-month low of $75.11 and a 12-month high of $121.71. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.38 and a quick ratio of 0.65. The company has a market capitalization of $15,250.00, a P/E ratio of 25.06, a P/E/G ratio of 1.00 and a beta of 1.50.
Andeavor (NYSE:ANDV) last issued its quarterly earnings results on Thursday, February 15th. The oil and gas company reported $0.37 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.18 by ($0.81). Andeavor had a return on equity of 6.86% and a net margin of 4.37%. The business had revenue of $10.65 billion for the quarter, compared to analysts’ expectations of $10.79 billion. analysts predict that Andeavor will post 9.98 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date is Tuesday, February 27th. Andeavor’s dividend payout ratio (DPR) is 59.45%.
In other news, SVP Michael James Morrison purchased 1,700 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was purchased at an average cost of $93.83 per share, for a total transaction of $159,511.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Blane W. Peery sold 1,012 shares of the business’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $89.64, for a total value of $90,715.68. The disclosure for this sale can be found here. Insiders have sold 254,100 shares of company stock valued at $29,338,288 in the last ninety days. Corporate insiders own 0.86% of the company’s stock.
ANDV has been the subject of several recent analyst reports. Credit Suisse Group assumed coverage on shares of Andeavor in a research note on Wednesday, January 3rd. They set an “outperform” rating and a $142.00 price objective for the company. Piper Jaffray Companies reiterated a “buy” rating and set a $121.00 target price on shares of Andeavor in a research report on Friday, November 17th. Royal Bank of Canada restated a “hold” rating and issued a $112.00 price objective on shares of Andeavor in a report on Friday, February 23rd. ValuEngine raised shares of Andeavor from a “hold” rating to a “buy” rating in a research report on Friday, March 2nd. Finally, Citigroup reaffirmed a “neutral” rating on shares of Andeavor in a research report on Monday, January 22nd. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $126.67.
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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