Several other equities analysts also recently commented on the stock. Credit Suisse Group reissued a neutral rating and issued a $145.00 price objective (up previously from $142.00) on shares of Andeavor in a research note on Friday. JPMorgan Chase downgraded shares of Andeavor from an overweight rating to a neutral rating and dropped their price objective for the company from $144.06 to $131.00 in a research note on Monday, May 14th. Citigroup downgraded shares of Andeavor from a buy rating to a neutral rating and dropped their price objective for the company from $144.08 to $80.46 in a research note on Thursday, May 10th. Wells Fargo downgraded shares of Andeavor from an outperform rating to a market perform rating in a research note on Tuesday, May 8th. Finally, Morgan Stanley cut shares of Andeavor from an overweight rating to an equal weight rating and set a $145.00 price target for the company. in a research report on Tuesday, May 8th. Ten research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $125.79.
Andeavor traded down $2.10, hitting $144.71, on Friday, Marketbeat Ratings reports. The company had a trading volume of 1,940,661 shares, compared to its average volume of 3,009,388. The company has a market cap of $22.19 billion, a price-to-earnings ratio of 22.37, a PEG ratio of 1.62 and a beta of 1.35. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.41 and a quick ratio of 0.64. Andeavor has a 52 week low of $81.37 and a 52 week high of $147.28.
Andeavor (NYSE:ANDV) last issued its quarterly earnings data on Thursday, February 15th. The oil and gas company reported $0.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.18 by ($0.81). The company had revenue of $10.65 billion during the quarter, compared to the consensus estimate of $10.79 billion. Andeavor had a net margin of 4.27% and a return on equity of 6.51%. analysts expect that Andeavor will post 9.07 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Thursday, May 31st will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend is Wednesday, May 30th. Andeavor’s dividend payout ratio (DPR) is presently 36.48%.
In other news, VP Blane W. Peery sold 1,012 shares of the stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $89.64, for a total transaction of $90,715.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul L. Foster sold 212,400 shares of the stock in a transaction on Tuesday, April 10th. The stock was sold at an average price of $107.47, for a total transaction of $22,826,628.00. Following the sale, the director now owns 1,379,220 shares of the company’s stock, valued at $148,224,773.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 916,795 shares of company stock valued at $113,832,138. 7.00% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of ANDV. Boston Partners grew its holdings in Andeavor by 26.5% in the fourth quarter. Boston Partners now owns 9,484,915 shares of the oil and gas company’s stock worth $1,084,505,000 after purchasing an additional 1,989,609 shares during the period. Massachusetts Financial Services Co. MA acquired a new stake in Andeavor in the first quarter worth $69,747,000. Ceredex Value Advisors LLC acquired a new stake in Andeavor in the first quarter worth $60,791,000. FIL Ltd grew its holdings in Andeavor by 48.7% in the first quarter. FIL Ltd now owns 1,653,124 shares of the oil and gas company’s stock worth $166,238,000 after purchasing an additional 541,461 shares during the period. Finally, Amundi Pioneer Asset Management Inc. grew its holdings in Andeavor by 928.5% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 535,977 shares of the oil and gas company’s stock worth $61,284,000 after purchasing an additional 483,863 shares during the period. Institutional investors own 79.27% of the company’s stock.
Andeavor Company Profile
Andeavor, through its subsidiaries, operates as an independent petroleum refining, logistics, and marketing company in the United States. The company operates in three segments: Marketing, Logistics, and Refining. The Marketing segment sells gasoline and diesel fuel through retail, branded, and unbranded channels.
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