Andeavor (ANDV) Receives Consensus Rating of “Buy” from Analysts
Shares of Andeavor (NYSE:ANDV) have been assigned an average recommendation of “Buy” from the twenty-three brokerages that are presently covering the stock, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $119.18.
A number of equities research analysts have recently issued reports on ANDV shares. BidaskClub raised shares of Andeavor from a “hold” rating to a “buy” rating in a research note on Thursday, August 31st. Barclays restated an “overweight” rating and issued a $121.00 price objective (up previously from $118.00) on shares of Andeavor in a report on Tuesday, October 10th. Royal Bank of Canada restated a “sector perform” rating and issued a $107.00 price objective (down previously from $109.00) on shares of Andeavor in a report on Thursday, November 9th. Zacks Investment Research upgraded shares of Andeavor from a “hold” rating to a “strong-buy” rating and set a $118.00 price objective for the company in a report on Tuesday, September 12th. Finally, Evercore ISI upgraded shares of Andeavor to a “buy” rating and set a $128.00 price objective for the company in a report on Thursday, November 2nd.
Andeavor (ANDV) opened at $112.18 on Tuesday. The company has a market cap of $17,500.00, a PE ratio of 22.99, a price-to-earnings-growth ratio of 0.85 and a beta of 1.55. Andeavor has a 52 week low of $75.11 and a 52 week high of $112.83. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.62 and a current ratio of 1.47.
The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 30th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.10%. The ex-dividend date was Wednesday, November 29th. Andeavor’s payout ratio is 48.36%.
In related news, Director Paul L. Foster sold 45,000 shares of the company’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $108.33, for a total value of $4,874,850.00. Following the completion of the sale, the director now owns 1,447,567 shares in the company, valued at approximately $156,814,933.11. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Keith M. Casey sold 9,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $103.60, for a total transaction of $932,400.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 131,210 shares of company stock valued at $14,356,533. 0.86% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. increased its holdings in shares of Andeavor by 34.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 590,644 shares of the oil and gas company’s stock valued at $55,285,000 after purchasing an additional 152,752 shares in the last quarter. Fulton Bank N.A. purchased a new position in shares of Andeavor in the 3rd quarter valued at about $281,000. Sit Investment Associates Inc. purchased a new position in shares of Andeavor in the 3rd quarter valued at about $1,524,000. Quantitative Systematic Strategies LLC acquired a new stake in Andeavor in the 3rd quarter valued at about $236,000. Finally, PGGM Investments acquired a new stake in Andeavor in the 3rd quarter valued at about $3,007,000. 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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