Nippon Life Global Investors Americas Inc. reduced its stake in Andeavor (NYSE:ANDV) by 15.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,500 shares of the oil and gas company’s stock after selling 3,640 shares during the period. Nippon Life Global Investors Americas Inc.’s holdings in Andeavor were worth $2,230,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of Andeavor by 2.1% during the fourth quarter. BlackRock Inc. now owns 10,788,845 shares of the oil and gas company’s stock worth $1,233,595,000 after buying an additional 219,535 shares during the last quarter. Boston Partners boosted its holdings in Andeavor by 26.5% in the 4th quarter. Boston Partners now owns 9,484,915 shares of the oil and gas company’s stock valued at $1,084,505,000 after purchasing an additional 1,989,609 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Andeavor by 4.2% in the 4th quarter. Bank of New York Mellon Corp now owns 4,071,932 shares of the oil and gas company’s stock valued at $465,585,000 after purchasing an additional 164,006 shares in the last quarter. Dimensional Fund Advisors LP purchased a new stake in Andeavor in the 3rd quarter valued at approximately $333,346,000. Finally, Hotchkis & Wiley Capital Management LLC purchased a new stake in Andeavor in the 3rd quarter valued at approximately $214,005,000. Institutional investors and hedge funds own 79.59% of the company’s stock.
In related news, VP Blane W. Peery sold 1,012 shares of Andeavor stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $89.64, for a total transaction of $90,715.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul L. Foster sold 51,700 shares of the business’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $120.97, for a total transaction of $6,254,149.00. The disclosure for this sale can be found here. Insiders sold a total of 254,100 shares of company stock worth $29,338,288 over the last quarter. 0.86% of the stock is currently owned by company insiders.
Shares of Andeavor (ANDV) traded up $0.86 during trading hours on Wednesday, reaching $99.43. 1,449,588 shares of the company were exchanged, compared to its average volume of 1,970,000. The company has a quick ratio of 0.65, a current ratio of 1.38 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $15,290.00, a PE ratio of 25.05, a price-to-earnings-growth ratio of 1.00 and a beta of 1.50. Andeavor has a 1 year low of $75.11 and a 1 year high of $121.71.
Andeavor (NYSE:ANDV) last issued its quarterly earnings results on Thursday, February 15th. The oil and gas company reported $0.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.18 by ($0.81). Andeavor had a net margin of 4.37% and a return on equity of 6.86%. The firm had revenue of $10.65 billion during the quarter, compared to analysts’ expectations of $10.79 billion. research analysts predict that Andeavor will post 9.98 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $2.36 dividend on an annualized basis and a yield of 2.37%. Andeavor’s payout ratio is presently 59.45%.
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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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