Vivaldi Capital Management LLC Acquires New Stake in Andeavor Logistics LP (NYSE:ANDX)

Vivaldi Capital Management LLC acquired a new stake in shares of Andeavor Logistics LP (NYSE:ANDX) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 29,003 shares of the oil and gas company’s stock, valued at approximately $1,054,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Cedar Wealth Management LLC boosted its stake in shares of Andeavor Logistics by 119.5% during the second quarter. Cedar Wealth Management LLC now owns 900 shares of the oil and gas company’s stock valued at $33,000 after acquiring an additional 490 shares during the last quarter. Van ECK Associates Corp lifted its position in Andeavor Logistics by 3.3% during the second quarter. Van ECK Associates Corp now owns 21,175 shares of the oil and gas company’s stock worth $769,000 after buying an additional 667 shares during the period. Lee Financial Co purchased a new position in Andeavor Logistics during the second quarter worth about $49,000. Manchester Capital Management LLC purchased a new position in Andeavor Logistics during the second quarter worth about $53,000. Finally, Tower Research Capital LLC TRC purchased a new position in Andeavor Logistics during the second quarter worth about $60,000. 33.19% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts recently weighed in on ANDX shares. Zacks Investment Research downgraded Andeavor Logistics from a “hold” rating to a “sell” rating in a research report on Tuesday, June 25th. ValuEngine downgraded Andeavor Logistics from a “sell” rating to a “strong sell” rating in a research report on Monday, July 29th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $43.17.

Shares of Andeavor Logistics stock remained flat at $$32.17 during trading hours on Friday. The stock’s 50-day moving average price is $32.17 and its 200-day moving average price is $34.43. The firm has a market capitalization of $7.90 billion, a price-to-earnings ratio of 12.52, a price-to-earnings-growth ratio of 1.37 and a beta of 1.29. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.57 and a current ratio of 0.57. Andeavor Logistics LP has a 12-month low of $31.49 and a 12-month high of $50.82.

Andeavor Logistics Profile

Andeavor Logistics LP operates as a diversified midstream company in the United States. The company's Terminalling and Transportation segment comprises the Northwest pipeline system, 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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Institutional Ownership by Quarter for Andeavor Logistics (NYSE:ANDX)

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