Andeavor Logistics (NYSE:ANDX) had its price target decreased by investment analysts at Barclays from $60.00 to $54.00 in a research report issued on Tuesday. The brokerage currently has an “overweight” rating on the oil and gas company’s stock. Barclays’ price target indicates a potential upside of 10.02% from the stock’s current price.
Several other brokerages have also recently issued reports on ANDX. Zacks Investment Research upgraded Andeavor Logistics from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research note on Wednesday, January 17th. Citigroup began coverage on Andeavor Logistics in a research report on Monday, January 22nd. They set a “buy” rating and a $52.52 price target for the company. Bank of America began coverage on Andeavor Logistics in a research report on Tuesday, January 9th. They set a “buy” rating for the company. Credit Suisse Group began coverage on Andeavor Logistics in a research report on Thursday, January 4th. They set a “neutral” rating and a $48.00 price target for the company. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $58.00 price target on shares of Andeavor Logistics in a research report on Friday, February 23rd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $54.00.
Shares of NYSE:ANDX opened at $49.08 on Tuesday. Andeavor Logistics has a 52-week low of $42.17 and a 52-week high of $55.66. The stock has a market capitalization of $10,632.35, a PE ratio of 19.13, a PEG ratio of 4.25 and a beta of 1.25. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.07 and a quick ratio of 1.07.
Andeavor Logistics (NYSE:ANDX) last announced its quarterly earnings data on Thursday, February 15th. The oil and gas company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.21). Andeavor Logistics had a return on equity of 19.31% and a net margin of 14.67%. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $519.00 million. equities analysts predict that Andeavor Logistics will post 2.88 earnings per share for the current fiscal year.
In other Andeavor Logistics news, Director Jeff A. Stevens acquired 41,835 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was acquired at an average cost of $47.29 per share, for a total transaction of $1,978,377.15. Following the completion of the transaction, the director now directly owns 259,474 shares of the company’s stock, valued at $12,270,525.46. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Jeff A. Stevens acquired 28,134 shares of the business’s stock in a transaction dated Friday, March 2nd. The stock was acquired at an average price of $46.14 per share, with a total value of $1,298,102.76. Following the completion of the transaction, the director now directly owns 300,119 shares of the company’s stock, valued at $13,847,490.66. The disclosure for this purchase can be found here. Insiders bought 83,929 shares of company stock valued at $3,944,382 over the last 90 days. Company insiders own 0.15% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its position in shares of Andeavor Logistics by 512.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 4,694 shares of the oil and gas company’s stock valued at $217,000 after buying an additional 3,928 shares in the last quarter. Wealthsource Partners LLC acquired a new stake in shares of Andeavor Logistics in the fourth quarter worth approximately $235,000. Brookfield Asset Management Inc. acquired a new stake in shares of Andeavor Logistics in the fourth quarter worth approximately $216,686,000. Lake Street Advisors Group LLC acquired a new stake in shares of Andeavor Logistics in the fourth quarter worth approximately $318,000. Finally, Westwood Holdings Group Inc. boosted its stake in shares of Andeavor Logistics by 13.5% in the fourth quarter. Westwood Holdings Group Inc. now owns 1,024,854 shares of the oil and gas company’s stock worth $47,338,000 after acquiring an additional 122,085 shares during the last quarter. Institutional investors and hedge funds own 40.13% of the company’s stock.
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About Andeavor Logistics
Andeavor Logistics LP operates as a diversified midstream company in the United States. The Terminalling and Transportation segment comprises the Northwest Products Pipeline, including a regulated common carrier products pipeline running from Salt Lake City, Utah to Spokane, Washington and a jet fuel pipeline to the Salt Lake City International Airport; a regulated common carrier refined products pipeline system connecting its refinery to its terminals in Anchorage, Alaska; tankage and related equipment at the refinery; and crude oil and refined products terminals and storage facilities in the western, and southwest and midwestern U.S.
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