ValuEngine lowered shares of Andeavor (NYSE:ANDV) from a buy rating to a hold rating in a report published on Thursday.
A number of other equities analysts have also recently commented on the stock. Morgan Stanley lifted their price objective on shares of Andeavor from $145.00 to $182.00 and gave the stock a hold rating in a research note on Tuesday, May 22nd. Tudor Pickering cut shares of Andeavor from a buy rating to a hold rating in a research note on Friday, May 18th. Credit Suisse Group reissued a neutral rating and issued a $145.00 price objective (up from $142.00) on shares of Andeavor in a research note on Friday, May 18th. JPMorgan Chase & Co. cut shares of Andeavor from an overweight rating to a neutral rating and dropped their price objective for the stock from $144.06 to $131.00 in a research note on Monday, May 14th. Finally, Citigroup cut shares of Andeavor from a buy rating to a neutral rating and dropped their price objective for the stock from $144.08 to $80.46 in a research note on Thursday, May 10th. Eleven analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $129.90.
Shares of Andeavor opened at $135.05 on Thursday, Marketbeat reports. Andeavor has a 52 week low of $89.58 and a 52 week high of $151.88. The firm has a market capitalization of $20.41 billion, a price-to-earnings ratio of 20.87, a price-to-earnings-growth ratio of 1.38 and a beta of 1.32. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.41 and a quick ratio of 0.64.
The company also recently declared a quarterly dividend, which was paid on Friday, June 15th. Investors of record on Thursday, May 31st were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Wednesday, May 30th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.75%. Andeavor’s dividend payout ratio is presently 36.48%.
In related news, Director Jeff A. Stevens sold 20,000 shares of Andeavor stock in a transaction dated Wednesday, June 6th. The shares were sold at an average price of $146.99, for a total transaction of $2,939,800.00. Following the completion of the transaction, the director now directly owns 1,022,768 shares of the company’s stock, valued at approximately $150,336,668.32. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Paul L. Foster sold 58,800 shares of Andeavor stock in a transaction dated Tuesday, June 19th. The stock was sold at an average price of $138.51, for a total transaction of $8,144,388.00. Following the transaction, the director now directly owns 1,317,912 shares of the company’s stock, valued at $182,543,991.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,068,621 shares of company stock valued at $135,635,333. 7.00% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in ANDV. Ffcm LLC boosted its stake in shares of Andeavor by 257.6% during 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 during the period. Ostrum Asset Management bought a new stake in Andeavor during the 1st quarter valued at about $123,000. BB&T Investment Services Inc. bought a new stake in Andeavor during the 4th quarter valued at about $126,000. Tower Research Capital LLC TRC lifted its holdings in Andeavor by 1,082.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,656 shares of the oil and gas company’s stock valued at $189,000 after buying an additional 1,516 shares in the last quarter. Finally, Evermay Wealth Management LLC bought a new stake in Andeavor during the 1st quarter valued at about $205,000. 81.08% of the stock is owned by hedge funds and other institutional investors.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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