Andeavor (NYSE:ANDV) has been given an average recommendation of “Buy” by the twenty-three analysts that are currently covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $122.12.
ANDV has been the topic of a number of research reports. Zacks Investment Research raised Andeavor from a “hold” rating to a “buy” rating and set a $119.00 price objective on the stock in a report on Tuesday, October 10th. Piper Jaffray Companies reissued a “buy” rating and set a $121.00 price objective on shares of Andeavor in a report on Friday, November 17th. BidaskClub raised Andeavor from a “hold” rating to a “buy” rating in a report on Saturday, October 7th. Royal Bank of Canada reissued a “hold” rating and set a $101.00 price objective on shares of Andeavor in a report on Friday, October 13th. Finally, Barclays raised their price objective on Andeavor from $121.00 to $147.00 and gave the company an “overweight” rating in a report on Tuesday, November 14th.
Shares of Andeavor (ANDV) opened at $118.35 on Friday. The stock has a market capitalization of $18,460.00, a PE ratio of 24.25, a PEG ratio of 0.67 and a beta of 1.55. The company has a current ratio of 1.47, a quick ratio of 0.62 and a debt-to-equity ratio of 0.61. Andeavor has a 12-month low of $75.11 and a 12-month high of $121.71.
In other Andeavor news, Director Paul L. Foster sold 51,700 shares of Andeavor stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $120.97, for a total value of $6,254,149.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Michael E. Wiley sold 700 shares of Andeavor stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $106.24, for a total value of $74,368.00. Following the completion of the transaction, the director now directly owns 41,850 shares in the company, valued at $4,446,144. The disclosure for this sale can be found here. Insiders sold a total of 220,888 shares of company stock worth $25,052,384 over the last ninety days. Insiders own 0.86% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Daiwa SB Investments Ltd. bought a new stake in shares of Andeavor in the 4th quarter worth approximately $106,000. Sun Life Financial INC bought a new stake in shares of Andeavor in the 3rd quarter worth approximately $110,000. Bollard Group LLC bought a new stake in shares of Andeavor in the 3rd quarter worth approximately $123,000. Edge Wealth Management LLC bought a new stake in shares of Andeavor in the 3rd quarter worth approximately $128,000. Finally, Bronfman E.L. Rothschild L.P. bought a new stake in shares of Andeavor in the 3rd quarter worth approximately $155,000. Hedge funds and other institutional investors own 78.86% of the company’s stock.
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.
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