Andeavor (ANDV) Reaches New 1-Year High at $112.65
Andeavor (NYSE:ANDV) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $112.65 and last traded at $111.02, with a volume of 1285200 shares changing hands. The stock had previously closed at $110.93.
Several brokerages have recently weighed in on ANDV. BidaskClub raised Andeavor from a “hold” rating to a “buy” rating in a research report on Tuesday, November 7th. ValuEngine lowered Andeavor from a “buy” rating to a “hold” rating in a research report on Wednesday. Wells Fargo & Co raised their target price on Andeavor to $141.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 6th. Royal Bank of Canada reissued a “sector perform” rating and set a $107.00 target price (down previously from $109.00) on shares of Andeavor in a research report on Thursday, November 9th. Finally, Zacks Investment Research raised Andeavor from a “hold” rating to a “buy” rating and set a $119.00 target price on the stock in a research report on Tuesday, October 10th. Eight equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $118.68.
The stock has a market capitalization of $17,318.82, a P/E ratio of 22.75, a PEG ratio of 0.85 and a beta of 1.55. The company has a quick ratio of 0.62, a current ratio of 1.47 and a debt-to-equity ratio of 0.61.
The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Thursday, November 30th were paid a $0.59 dividend. The ex-dividend date was Wednesday, November 29th. This represents a $2.36 annualized dividend and a dividend yield of 2.10%. Andeavor’s dividend payout ratio (DPR) is currently 47.87%.
In related news, EVP Keith M. Casey sold 9,000 shares of Andeavor stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $103.60, for a total value of $932,400.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael E. Wiley sold 700 shares of Andeavor stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $106.24, for a total value of $74,368.00. Following the completion of the sale, the director now owns 41,850 shares in the company, valued at $4,446,144. The disclosure for this sale can be found here. Insiders sold a total of 131,210 shares of company stock worth $14,356,533 over the last quarter. Company insiders own 0.86% of the company’s stock.
Several institutional investors have recently bought and sold shares of ANDV. Boston Partners purchased a new stake in shares of Andeavor in the third quarter valued at approximately $773,141,000. Bank of New York Mellon Corp acquired a new position in Andeavor during the third quarter worth $403,103,000. Dimensional Fund Advisors LP acquired a new position in Andeavor during the third quarter worth $333,346,000. Hotchkis & Wiley Capital Management LLC acquired a new position in Andeavor during the third quarter worth $214,005,000. Finally, Prudential Financial Inc. acquired a new position in Andeavor during the third quarter worth $150,513,000. Hedge funds and other institutional investors own 78.85% of the company’s stock.
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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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