Andeavor (NYSE:ANDV) – Investment analysts at Piper Jaffray reduced their FY2018 earnings per share estimates for shares of Andeavor in a research note issued on Monday, April 23rd. Piper Jaffray analyst G. Baber now anticipates that the oil and gas company will post earnings per share of $8.19 for the year, down from their previous estimate of $8.45. Piper Jaffray has a “Buy” rating and a $138.00 price objective on the stock. Piper Jaffray also issued estimates for Andeavor’s FY2019 earnings at $11.51 EPS and FY2020 earnings at $13.50 EPS.
A number of other analysts have also recently issued reports on the stock. Barclays reiterated a “buy” rating and issued a $162.00 target price on shares of Andeavor in a research note on Wednesday, January 10th. JPMorgan Chase reduced their target price on shares of Andeavor from $133.00 to $131.00 and set an “overweight” rating for the company in a research note on Monday, April 9th. Citigroup upgraded shares of Andeavor from a “neutral” rating to a “buy” rating and set a $132.00 target price for the company in a research note on Wednesday, February 14th. Credit Suisse Group initiated coverage on shares of Andeavor in a research note on Wednesday, January 3rd. They issued an “outperform” rating and a $142.00 target price for the company. Finally, Zacks Investment Research upgraded shares of Andeavor from a “hold” rating to a “buy” rating and set a $133.00 target price for the company in a research note on Monday, January 22nd. Five analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $126.94.
Andeavor (NYSE:ANDV) last posted its earnings results on Thursday, February 15th. The oil and gas company reported $0.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.18 by ($0.81). The business had revenue of $10.65 billion during the quarter, compared to analyst estimates of $10.79 billion. Andeavor had a net margin of 4.37% and a return on equity of 6.86%.
Hedge funds have recently made changes to their positions in the stock. Daiwa SB Investments Ltd. bought a new position in Andeavor during the fourth quarter worth $106,000. Cerebellum GP LLC bought a new position in Andeavor during the fourth quarter worth $127,000. BB&T Investment Services Inc. bought a new position in Andeavor during the fourth quarter worth $126,000. Tower Research Capital LLC TRC increased its position in Andeavor by 1,082.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,656 shares of the oil and gas company’s stock worth $189,000 after acquiring an additional 1,516 shares during the period. Finally, Park Avenue Securities LLC bought a new position in Andeavor during the fourth quarter worth $201,000. 79.39% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Jeff A. Stevens sold 73,700 shares of the business’s stock in a transaction on Monday, April 23rd. The shares were sold at an average price of $118.32, for a total transaction of $8,720,184.00. Following the transaction, the director now owns 1,292,974 shares of the company’s stock, valued at $152,984,683.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeff A. Stevens sold 28,500 shares of the business’s stock in a transaction on Friday, April 20th. The stock was sold at an average price of $117.55, for a total transaction of $3,350,175.00. Following the transaction, the director now directly owns 1,292,974 shares in the company, valued at approximately $151,989,093.70. The disclosure for this sale can be found here. In the last three months, insiders sold 421,024 shares of company stock worth $47,132,241. Insiders own 7.00% of the company’s stock.
Andeavor, through its subsidiaries, operates as an independent petroleum refining, logistics, and marketing company in the United States. The company operates in three segments: Marketing, Logistics, and Refining. The Marketing segment sells gasoline and diesel fuel through retail, branded, and unbranded channels.
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