WealthPLAN Partners LLC Invests $306,000 in Andeavor (ANDV) Stock

WealthPLAN Partners LLC acquired a new position in Andeavor (NYSE:ANDV) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,042 shares of the oil and gas company’s stock, valued at approximately $306,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Fulton Bank N.A. raised its holdings in Andeavor by 15.1% in the 1st quarter. Fulton Bank N.A. now owns 3,098 shares of the oil and gas company’s stock worth $312,000 after purchasing an additional 407 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its holdings in Andeavor by 0.7% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 65,131 shares of the oil and gas company’s stock worth $6,550,000 after purchasing an additional 470 shares in the last quarter. Ffcm LLC raised its holdings in Andeavor by 257.6% in the 1st quarter. Ffcm LLC now owns 819 shares of the oil and gas company’s stock worth $114,000 after purchasing an additional 590 shares in the last quarter. CAMG Solamere Management LLC raised its holdings in Andeavor by 33.8% in the 1st quarter. CAMG Solamere Management LLC now owns 2,556 shares of the oil and gas company’s stock worth $259,000 after purchasing an additional 646 shares in the last quarter. Finally, Sigma Planning Corp raised its holdings in Andeavor by 32.6% in the 4th quarter. Sigma Planning Corp now owns 2,735 shares of the oil and gas company’s stock worth $313,000 after purchasing an additional 673 shares in the last quarter. Institutional investors and hedge funds own 81.32% of the company’s stock.

In related news, Director Paul L. Foster sold 5,880 shares of the stock in a transaction dated Monday, May 14th. The shares were sold at an average price of $141.41, for a total transaction of $831,490.80. Following the sale, the director now directly owns 1,349,034 shares of the company’s stock, valued at approximately $190,766,897.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul L. Foster sold 212,400 shares of the stock in a transaction dated Tuesday, April 10th. The shares were sold at an average price of $107.47, for a total transaction of $22,826,628.00. Following the sale, the director now directly owns 1,379,220 shares in the company, valued at $148,224,773.40. The disclosure for this sale can be found here. Insiders have sold a total of 1,009,821 shares of company stock worth $127,490,945 over the last three months. 7.00% of the stock is currently owned by insiders.



Several research analysts have commented on ANDV shares. JPMorgan Chase & Co. decreased their price objective on shares of Andeavor from $133.00 to $131.00 and set an “overweight” rating for the company in a report on Monday, April 9th. Royal Bank of Canada restated a “hold” rating and issued a $112.00 price objective on shares of Andeavor in a report on Friday, February 23rd. ValuEngine raised shares of Andeavor from a “hold” rating to a “buy” rating in a research report on Friday, March 2nd. Zacks Investment Research downgraded shares of Andeavor from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. Finally, Morgan Stanley upped their target price on shares of Andeavor from $145.00 to $182.00 and gave the stock a “hold” rating in a research report on Tuesday, May 22nd. Ten equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Andeavor currently has a consensus rating of “Hold” and an average target price of $129.90.

Shares of ANDV stock opened at $136.00 on Friday. Andeavor has a one year low of $89.58 and a one year high of $151.88. The stock has a market cap of $20.55 billion, a P/E ratio of 21.02, a PEG ratio of 1.48 and a beta of 1.32. 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 data on Monday, May 7th. The oil and gas company reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.07. Andeavor had a net margin of 4.27% and a return on equity of 6.51%. The company had revenue of $10.30 billion for the quarter, compared to the consensus estimate of $9.62 billion. During the same period in the prior year, the firm posted $0.42 EPS. Andeavor’s revenue for the quarter was up 55.2% on a year-over-year basis. analysts forecast that Andeavor will post 9.57 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 15th. Investors of record on Thursday, May 31st were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 1.74%. The ex-dividend date was Wednesday, May 30th. Andeavor’s dividend payout ratio (DPR) is 36.48%.

Andeavor Profile

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.

Institutional Ownership by Quarter for Andeavor (NYSE:ANDV)

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