Andeavor (NYSE:ANDV) Director Jeff A. Stevens sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 6th. The stock was sold at an average price of $146.99, for a total transaction of $2,939,800.00. Following the completion of the sale, the director now owns 1,022,768 shares of the company’s stock, valued at $150,336,668.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Andeavor stock traded up $0.45 during mid-day trading on Thursday, reaching $139.02. 1,027,300 shares of the company traded hands, compared to its average volume of 1,940,226. The company has a current ratio of 1.41, a quick ratio of 0.64 and a debt-to-equity ratio of 0.64. The company has a market cap of $21.59 billion, a P/E ratio of 21.49, a PEG ratio of 1.53 and a beta of 1.32. Andeavor has a 52-week low of $89.58 and a 52-week high of $151.88.
Andeavor (NYSE:ANDV) last released its earnings results on Monday, May 7th. The oil and gas company reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.07. The firm had revenue of $10.30 billion for the quarter, compared to the consensus estimate of $9.62 billion. Andeavor had a net margin of 4.27% and a return on equity of 6.51%. The company’s revenue was up 55.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.42 EPS. analysts predict that Andeavor will post 9.34 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Thursday, May 31st will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend is Wednesday, May 30th. Andeavor’s dividend payout ratio is presently 36.48%.
ANDV has been the topic of several analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Andeavor from $133.00 to $131.00 and set an “overweight” rating on the stock in a research note on Monday, April 9th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $148.00 target price on shares of Andeavor in a research note on Wednesday, March 7th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $112.00 target price on shares of Andeavor in a research note on Friday, February 23rd. Tudor Pickering downgraded shares of Andeavor from a “buy” rating to a “hold” rating in a research note on Friday, May 18th. Finally, Morgan Stanley downgraded shares of Andeavor from an “overweight” rating to an “equal weight” rating and set a $145.00 target price on the stock. in a research note on Tuesday, May 8th. Ten equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $129.90.
Several large investors have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Andeavor in the 1st quarter worth about $272,000. 180 Wealth Advisors LLC grew its position in shares of Andeavor by 48.8% in the 1st quarter. 180 Wealth Advisors LLC now owns 9,165 shares of the oil and gas company’s stock worth $924,000 after buying an additional 3,004 shares during the period. Suntrust Banks Inc. grew its position in shares of Andeavor by 6.5% in the 1st quarter. Suntrust Banks Inc. now owns 32,808 shares of the oil and gas company’s stock worth $3,298,000 after buying an additional 2,012 shares during the period. Ashburton Jersey Ltd purchased a new stake in shares of Andeavor in the 1st quarter worth about $432,000. Finally, WINTON GROUP Ltd grew its position in shares of Andeavor by 73.1% in the 1st quarter. WINTON GROUP Ltd now owns 130,448 shares of the oil and gas company’s stock worth $13,118,000 after buying an additional 55,094 shares during the period. 81.32% of the stock is currently owned by hedge funds and other institutional investors.
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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