Meitav Dash Investments Ltd. bought a new stake in Andeavor (NYSE:ANDV) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 54,825 shares of the oil and gas company’s stock, valued at approximately $6,269,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in ANDV. Nationwide Fund Advisors bought a new position in Andeavor during the third quarter valued at approximately $23,331,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of Andeavor in the third quarter worth approximately $2,440,000. Sei Investments Co. bought a new position in shares of Andeavor in the third quarter worth approximately $4,354,000. New York State Common Retirement Fund bought a new position in shares of Andeavor in the third quarter worth approximately $46,648,000. Finally, Municipal Employees Retirement System of Michigan bought a new position in shares of Andeavor in the third quarter worth approximately $750,000. 79.57% of the stock is currently owned by institutional investors and hedge funds.
ANDV stock opened at $100.45 on Wednesday. The company has a current ratio of 1.38, a quick ratio of 0.65 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $15,170.41, a price-to-earnings ratio of 10.17, a price-to-earnings-growth ratio of 1.00 and a beta of 1.51. Andeavor has a 52-week low of $75.11 and a 52-week high of $121.71.
Andeavor (NYSE:ANDV) last posted its quarterly earnings results on Thursday, February 15th. The oil and gas company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by ($0.81). The company had revenue of $10.65 billion during the quarter, compared to analysts’ expectations of $10.79 billion. Andeavor had a return on equity of 6.86% and a net margin of 4.37%. equities research analysts forecast that Andeavor will post 9.86 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend was Tuesday, February 27th. Andeavor’s dividend payout ratio is presently 23.89%.
ANDV has been the topic of several recent analyst reports. Piper Jaffray Companies restated a “buy” rating and issued a $138.00 target price on shares of Andeavor in a report on Friday, February 23rd. Citigroup upgraded shares of Andeavor from a “neutral” rating to a “buy” rating and set a $132.00 price target on the stock in a report on Wednesday, February 14th. Zacks Investment Research upgraded shares of Andeavor from a “hold” rating to a “buy” rating and set a $133.00 price target on the stock in a report on Monday, January 22nd. Barclays reiterated a “buy” rating and issued a $162.00 price target on shares of Andeavor in a report on Wednesday, January 10th. Finally, ValuEngine upgraded shares of Andeavor from a “hold” rating to a “buy” rating in a report on Wednesday, December 6th. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $127.83.
In other news, Director Jeff A. Stevens sold 32,500 shares of Andeavor stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $117.07, for a total value of $3,804,775.00. Following the completion of the transaction, the director now owns 1,503,845 shares of the company’s stock, valued at approximately $176,055,134.15. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Blane W. Peery sold 1,012 shares of Andeavor stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $99.39, for a total value of $100,582.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 230,112 shares of company stock valued at $26,657,871. 0.86% of the stock is owned by insiders.
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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