Andeavor Logistics LP (NASDAQ:ANDX) insider Steven Sterin bought 1,000 shares of the business’s stock in a transaction dated Friday, August 25th. The shares were bought at an average cost of $47.86 per share, with a total value of $47,860.00. Following the purchase, the insider now directly owns 7,338 shares of the company’s stock, valued at $351,196.68. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Steven Sterin also recently made the following trade(s):

  • On Wednesday, August 23rd, Steven Sterin bought 3,500 shares of Andeavor Logistics stock. The shares were bought at an average cost of $47.40 per share, with a total value of $165,900.00.

Shares of Andeavor Logistics LP (ANDX) opened at 47.80 on Wednesday. The stock has a market cap of $5.16 billion and a PE ratio of 27.47. The company’s 50-day moving average is $50.51 and its 200 day moving average is $52.80. Andeavor Logistics LP has a 52 week low of $43.00 and a 52 week high of $60.14.

Andeavor Logistics (NASDAQ:ANDX) last issued its earnings results on Tuesday, August 8th. The company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by $0.01. The business had revenue of $413 million during the quarter, compared to analyst estimates of $441.69 million. Andeavor Logistics had a net margin of 26.63% and a return on equity of 15.11%. Analysts forecast that Andeavor Logistics LP will post $2.51 earnings per share for the current fiscal year.

The firm also recently announced a dividend, which was paid on Monday, August 14th. Stockholders of record on Friday, August 4th were issued a $0.971 dividend. The ex-dividend date of this dividend was Wednesday, August 2nd.

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A number of analysts have recently commented on the stock. Mitsubishi UFJ Financial Group raised shares of Andeavor Logistics to a “buy” rating and set a $60.00 target price for the company in a research note on Wednesday, August 16th. Credit Suisse Group boosted their target price on shares of Andeavor Logistics from $59.00 to $63.00 and gave the stock a “neutral” rating in a research note on Friday, August 11th. Bank of America Corporation cut their target price on shares of Andeavor Logistics from $58.00 to $55.00 and set a “buy” rating for the company in a research note on Wednesday, August 16th. Barclays PLC reissued an “overweight” rating and set a $62.00 target price (down previously from $65.00) on shares of Andeavor Logistics in a research note on Thursday, August 10th. Finally, Zacks Investment Research raised shares of Andeavor Logistics from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $59.80.

Andeavor Logistics Company Profile

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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