Andeavor Logistics LP (ANDX) Insider Acquires $165,900.00 in Stock
Andeavor Logistics LP (NASDAQ:ANDX) insider Steven Sterin bought 3,500 shares of the company’s stock in a transaction on Wednesday, August 23rd. The stock was purchased at an average cost of $47.40 per share, with a total value of $165,900.00. Following the completion of the transaction, the insider now owns 4,714 shares in the company, valued at $223,443.60. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.
Andeavor Logistics LP (NASDAQ:ANDX) opened at 47.85 on Monday. The stock’s 50 day moving average price is $50.51 and its 200-day moving average price is $52.80. The firm has a market capitalization of $5.17 billion and a P/E ratio of 27.50. Andeavor Logistics LP has a 12 month low of $43.00 and a 12 month high of $60.14.
Andeavor Logistics (NASDAQ:ANDX) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.64 by $0.01. Andeavor Logistics had a return on equity of 15.11% and a net margin of 26.63%. The business had revenue of $413 million for the quarter, compared to analyst estimates of $441.69 million. On average, analysts forecast that Andeavor Logistics LP will post $2.51 earnings per share for the current year.
The firm also recently declared a dividend, which was paid on Monday, August 14th. Investors of record on Friday, August 4th were given a dividend of $0.971 per share. The ex-dividend date was Wednesday, August 2nd.
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Several equities analysts have weighed in on ANDX shares. Barclays PLC reaffirmed an “overweight” rating and issued a $62.00 target price (down from $65.00) on shares of Andeavor Logistics in a research report on Thursday, August 10th. Credit Suisse Group lifted their target price on Andeavor Logistics from $59.00 to $63.00 and gave the company a “neutral” rating in a research report on Friday, August 11th. Bank of America Corporation dropped their target price on Andeavor Logistics from $58.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday, August 16th. Mitsubishi UFJ Financial Group raised Andeavor Logistics to a “buy” rating and set a $60.00 target price for the company in a research report on Wednesday, August 16th. Finally, Scotiabank reaffirmed a “buy” rating and issued a $59.00 target price on shares of Andeavor Logistics in a research report on Thursday, August 17th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Andeavor Logistics presently has an average rating of “Buy” and an average target price of $59.80.
About Andeavor Logistics
Andeavor Logistics LP, formerly Tesoro Logistics LP, is a full-service logistics company operating in the western and mid-continent regions of the United States. The Company operates through three segments. Its Gathering segment consists of crude oil, natural gas and produced water gathering systems in the Bakken Region and Rockies Region.
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