Andeavor (ANDV) Cut to “Hold” at ValuEngine

ValuEngine lowered shares of Andeavor (NYSE:ANDV) from a buy rating to a hold rating in a report issued on Wednesday, December 20th.

Other analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Andeavor from a hold rating to a buy rating and set a $119.00 price objective for the company in a report on Tuesday, October 10th. BidaskClub raised shares of Andeavor from a hold rating to a buy rating in a report on Saturday, October 7th. Cowen reaffirmed a buy rating and issued a $120.00 price objective on shares of Andeavor in a report on Thursday, September 28th. Evercore ISI raised shares of Andeavor to a buy rating and set a $128.00 price target for the company in a report on Thursday, November 2nd. Finally, JPMorgan Chase & Co. reissued a buy rating and set a $121.00 price target on shares of Andeavor in a report on Friday, November 3rd. Seven investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $121.32.

Andeavor (ANDV) traded up $1.70 during midday trading on Wednesday, reaching $119.13. 1,050,100 shares of the company traded hands, compared to its average volume of 1,239,489. Andeavor has a 52-week low of $75.11 and a 52-week high of $119.33. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.47 and a quick ratio of 0.62. The stock has a market capitalization of $18,580.00, a price-to-earnings ratio of 24.41, a price-to-earnings-growth ratio of 0.69 and a beta of 1.55.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Thursday, November 30th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 1.98%. The ex-dividend date was Wednesday, November 29th. Andeavor’s dividend payout ratio (DPR) is presently 48.36%.

In other Andeavor news, EVP Keith M. Casey sold 9,000 shares of Andeavor stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $103.60, for a total transaction of $932,400.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Jeff A. Stevens sold 25,000 shares of Andeavor stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $111.24, for a total value of $2,781,000.00. Following the transaction, the director now directly owns 1,529,174 shares in the company, valued at approximately $170,105,315.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 169,188 shares of company stock worth $18,798,235. 0.86% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC grew its stake in Andeavor by 0.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 71,194 shares of the oil and gas company’s stock valued at $8,140,000 after acquiring an additional 483 shares in the last quarter. First Command Financial Services Inc. bought a new stake in shares of Andeavor in the 4th quarter valued at approximately $312,000. Daiwa SB Investments Ltd. bought a new stake in shares of Andeavor in the 4th quarter valued at approximately $106,000. Leavell Investment Management Inc. bought a new stake in shares of Andeavor in the 4th quarter valued at approximately $370,000. Finally, DnB Asset Management AS grew its stake in shares of Andeavor by 9.2% in the 4th quarter. DnB Asset Management AS now owns 19,000 shares of the oil and gas company’s stock valued at $2,172,000 after buying an additional 1,600 shares in the last quarter. 78.85% of the stock is currently owned by institutional investors.

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About Andeavor

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Andeavor (NYSE:ANDV)

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