Andeavor (ANDV) Upgraded to Strong-Buy by Zacks Investment Research
Zacks Investment Research upgraded shares of Andeavor (NASDAQ:ANDV) from a hold rating to a strong-buy rating in a research report sent to investors on Tuesday morning. The firm currently has $118.00 target price on the stock.
According to Zacks, “Andeavor Corp engages in the refining and marketing of petroleum products. The company’s operating segments consists of Refining, Logistics and Marketing. Refining segment refines crude oil and other feed stocks into transportation fuels, such as gasoline and gasoline blend stocks, 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. Logistics segment includes crude oil and natural gas gathering assets, natural gas and natural gas liquid processing assets and crude oil and refined products terminalling, transportation and storage assets. Marketing segment sells transportation fuels through branded and unbranded channels. Its brand portfolio includes ARCO, Shell, Exxon, Mobil, USA Gasoline, Rebel and Tesoro. Andeavor Corp, formerly known as Tesoro Corporation, is headquartered in San Antonio, Texas. “
ANDV has been the subject of a number of other reports. Morgan Stanley initiated coverage on shares of Andeavor in a research report on Wednesday, August 2nd. They set an overweight rating for the company. BidaskClub upgraded shares of Andeavor from a hold rating to a buy rating in a research report on Thursday, August 31st.
Shares of Andeavor (ANDV) opened at 103.43 on Tuesday. The company has a market capitalization of $16.54 billion and a PE ratio of 17.30. Andeavor has a 1-year low of $75.11 and a 1-year high of $104.00. The firm’s 50-day moving average price is $97.26 and its 200 day moving average price is $88.68.
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend is Tuesday, August 29th.
Andeavor Company Profile
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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