Metropolitan Life Insurance Co. NY cut its position in shares of Andeavor (NYSE:ANDV) by 83.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,594 shares of the oil and gas company’s stock after selling 115,192 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in Andeavor were worth $2,583,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the business. Nationwide Fund Advisors acquired a new position in shares of Andeavor in the 3rd quarter valued at about $23,331,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Andeavor in the 3rd quarter valued at about $2,440,000. Sei Investments Co. acquired a new position in shares of Andeavor in the 3rd quarter valued at about $4,354,000. New York State Common Retirement Fund acquired a new position in shares of Andeavor in the 3rd quarter valued at about $46,648,000. Finally, Municipal Employees Retirement System of Michigan acquired a new position in shares of Andeavor in the 3rd quarter valued at about $750,000. 79.57% of the stock is owned by institutional investors.
In other Andeavor news, VP Blane W. Peery sold 1,012 shares of the stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $89.64, for a total transaction of $90,715.68. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Paul L. Foster sold 5,478 shares of the stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $116.27, for a total value of $636,927.06. Following the transaction, the director now owns 1,422,847 shares in the company, valued at approximately $165,434,420.69. The disclosure for this sale can be found here. In the last quarter, insiders have sold 178,602 shares of company stock worth $20,963,955. Corporate insiders own 0.86% of the company’s stock.
Andeavor (ANDV) opened at $100.93 on Friday. Andeavor has a twelve month low of $75.11 and a twelve month high of $121.71. The company has a market capitalization of $15,745.48, a P/E ratio of 10.22, a P/E/G ratio of 1.14 and a beta of 1.51. The company has a quick ratio of 0.65, a current ratio of 1.38 and a debt-to-equity ratio of 0.57.
Andeavor (NYSE:ANDV) last announced its quarterly earnings results on Thursday, February 15th. The oil and gas company reported $0.37 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.81). Andeavor had a net margin of 4.37% and a return on equity of 6.86%. The company had revenue of $10.65 billion for the quarter, compared to analyst estimates of $10.79 billion. analysts expect that Andeavor will post 9 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $2.36 annualized dividend and a yield of 2.34%. Andeavor’s dividend payout ratio (DPR) is presently 23.89%.
A number of equities analysts have recently weighed in on the company. Wells Fargo reiterated an “outperform” rating and issued a $162.00 target price on shares of Andeavor in a report on Thursday, March 15th. They noted that the move was a valuation call. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $133.00 target price (up previously from $130.00) on shares of Andeavor in a report on Tuesday, March 13th. Credit Suisse Group reiterated an “outperform” rating and issued a $148.00 target price on shares of Andeavor in a report on Wednesday, March 7th. ValuEngine upgraded Andeavor from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $138.00 target price on shares of Andeavor in a report on Friday, February 23rd. Six investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $127.83.
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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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