Andeavor (ANDV) Downgraded to “Hold” at BidaskClub
BidaskClub downgraded shares of Andeavor (NASDAQ:ANDV) from a buy rating to a hold rating in a report released on Tuesday.
Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Andeavor from a hold rating to a buy rating and set a $119.00 target price on the stock in a report on Tuesday, October 10th. Cowen and Company reiterated a buy rating and set a $120.00 target price on shares of Andeavor in a report on Thursday, September 28th. Barclays PLC reiterated an overweight rating and set a $121.00 target price (up previously from $118.00) on shares of Andeavor in a report on Tuesday, October 10th. Scotiabank cut Andeavor from an outperform rating to a sector perform rating and increased their target price for the company from $103.00 to $112.00 in a report on Saturday, September 30th. Finally, Jefferies Group LLC cut Andeavor from a buy rating to a hold rating in a report on Monday, October 16th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $116.00.
Andeavor (NASDAQ:ANDV) opened at 106.56 on Tuesday. Andeavor has a 12 month low of $75.11 and a 12 month high of $107.71. The stock has a market cap of $16.72 billion and a P/E ratio of 37.79. The company’s 50-day moving average price is $103.77 and its 200-day moving average price is $92.96.
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Several institutional investors have recently modified their holdings of ANDV. Viking Fund Management LLC purchased a new position in shares of Andeavor during the 3rd quarter worth $18,567,000. Robeco Institutional Asset Management B.V. purchased a new position in shares of Andeavor during the 3rd quarter worth $13,635,000. Spirit of America Management Corp NY purchased a new position in shares of Andeavor during the 3rd quarter worth $8,776,000. Meeder Asset Management Inc. purchased a new position in shares of Andeavor during the 3rd quarter worth $3,177,000. Finally, PGGM Investments purchased a new position in shares of Andeavor during the 3rd quarter worth $3,007,000.
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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