Hosking Partners LLP lifted its holdings in shares of Andeavor (NYSE:ANDV) by 4.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,631 shares of the oil and gas company’s stock after purchasing an additional 3,874 shares during the period. Hosking Partners LLP owned about 0.06% of Andeavor worth $8,812,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the company. Personal Capital Advisors Corp increased its stake in shares of Andeavor by 160.2% during the 1st quarter. Personal Capital Advisors Corp now owns 177,272 shares of the oil and gas company’s stock worth $17,826,000 after purchasing an additional 109,139 shares in the last quarter. Gabelli Funds LLC increased its stake in shares of Andeavor by 9.6% during the 1st quarter. Gabelli Funds LLC now owns 66,100 shares of the oil and gas company’s stock worth $6,647,000 after purchasing an additional 5,800 shares in the last quarter. Scout Investments Inc. increased its stake in shares of Andeavor by 249.5% during the 1st quarter. Scout Investments Inc. now owns 411,786 shares of the oil and gas company’s stock worth $41,409,000 after purchasing an additional 293,964 shares in the last quarter. Federated Investors Inc. PA increased its stake in shares of Andeavor by 673.9% during the 1st quarter. Federated Investors Inc. PA now owns 36,558 shares of the oil and gas company’s stock worth $3,676,000 after purchasing an additional 31,834 shares in the last quarter. Finally, Ceredex Value Advisors LLC purchased a new position in shares of Andeavor during the 1st quarter worth approximately $60,791,000. 81.40% of the stock is owned by institutional investors and hedge funds.
ANDV has been the topic of a number of analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Andeavor from $133.00 to $131.00 and set an “overweight” rating on the stock in a research report on Monday, April 9th. Credit Suisse Group restated an “outperform” rating and set a $148.00 target price on shares of Andeavor in a research report on Wednesday, March 7th. Royal Bank of Canada restated a “hold” rating and set a $112.00 target price on shares of Andeavor in a research report on Friday, February 23rd. ValuEngine upgraded shares of Andeavor from a “hold” rating to a “buy” rating in a research report on Friday, March 2nd. Finally, Wells Fargo & Co restated an “outperform” rating and set a $162.00 target price on shares of Andeavor in a research report on Thursday, March 15th. They noted that the move was a valuation call. Ten investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $127.97.
Shares of Andeavor opened at $144.00 on Thursday, according to Marketbeat. The firm has a market capitalization of $21.72 billion, a price-to-earnings ratio of 22.26, a P/E/G ratio of 1.58 and a beta of 1.35. Andeavor has a fifty-two week low of $82.01 and a fifty-two week high of $147.28. The company has a current ratio of 1.41, a quick ratio of 0.64 and a debt-to-equity ratio of 0.64.
Andeavor (NYSE:ANDV) last announced its quarterly earnings results on Monday, May 7th. The oil and gas company reported $0.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.07. The company had revenue of $10.30 billion for the quarter, compared to analyst estimates of $9.62 billion. Andeavor had a net margin of 4.27% and a return on equity of 6.51%. Andeavor’s revenue for the quarter was up 55.2% on a year-over-year basis. During the same quarter last year, the business earned $0.42 EPS. sell-side analysts forecast that Andeavor will post 9.07 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Thursday, May 31st will be issued a $0.59 dividend. The ex-dividend date of this dividend is Wednesday, May 30th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.64%. Andeavor’s dividend payout ratio (DPR) is presently 36.48%.
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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