Andeavor (ANDV) Announces $0.59 Quarterly Dividend

Andeavor (NYSE:ANDV) announced a quarterly dividend on Wednesday, February 14th, Zacks reports. Investors of record on Wednesday, February 28th will be paid a dividend of 0.59 per share by the oil and gas company on Thursday, March 15th. This represents a $2.36 annualized dividend and a dividend yield of 2.52%. The ex-dividend date is Tuesday, February 27th.

Andeavor has a payout ratio of 35.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Andeavor to earn $11.94 per share next year, which means the company should continue to be able to cover its $2.36 annual dividend with an expected future payout ratio of 19.8%.

Shares of Andeavor (ANDV) traded up $1.05 during mid-day trading on Thursday, hitting $93.60. 162,252 shares of the company traded hands, compared to its average volume of 1,572,434. The company has a market cap of $14,510.00, a P/E ratio of 23.41, a price-to-earnings-growth ratio of 0.91 and a beta of 1.39. The company has a quick ratio of 0.65, a current ratio of 1.38 and a debt-to-equity ratio of 0.57. Andeavor has a 1-year low of $75.11 and a 1-year high of $121.71.

A number of analysts have issued reports on the stock. Credit Suisse Group assumed coverage on shares of Andeavor in a report on Wednesday, January 3rd. They issued an “outperform” rating and a $142.00 price objective for the company. Piper Jaffray Companies reissued a “buy” rating and issued a $121.00 price objective on shares of Andeavor in a report on Friday, November 17th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $121.00 price objective on shares of Andeavor in a report on Friday, November 3rd. Royal Bank of Canada cut their price objective on shares of Andeavor from $109.00 to $107.00 and set a “sector perform” rating for the company in a report on Friday, November 10th. Finally, BidaskClub raised shares of Andeavor from a “hold” rating to a “buy” rating in a report on Tuesday, November 7th. Six analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $126.72.

In other news, Director Jeff A. Stevens sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $111.24, for a total transaction of $2,781,000.00. Following the completion of the sale, the director now owns 1,529,174 shares of the company’s stock, valued at approximately $170,105,315.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Paul L. Foster sold 54,400 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $114.99, for a total transaction of $6,255,456.00. Following the sale, the director now directly owns 1,413,468 shares of the company’s stock, valued at approximately $162,534,685.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 298,088 shares of company stock valued at $34,122,422. 0.86% of the stock is currently owned by insiders.

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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.

Dividend History for Andeavor (NYSE:ANDV)

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