Andeavor’s (ANDV) Overweight Rating Reiterated at Barclays PLC
Andeavor (NASDAQ:ANDV)‘s stock had its “overweight” rating reaffirmed by equities researchers at Barclays PLC in a research note issued to investors on Tuesday, Marketbeat.com reports. They presently have a $121.00 price objective on the stock, up from their previous price objective of $118.00. Barclays PLC’s price objective points to a potential upside of 14.83% from the company’s current price.
A number of other analysts also recently issued reports on the stock. BidaskClub downgraded shares of Andeavor from a “buy” rating to a “hold” rating in a report on Thursday, September 28th. Howard Weil downgraded shares of Andeavor from a “sector outperform” rating to a “sector perform” rating and set a $112.00 target price for the company. in a report on Thursday, September 28th. Cowen and Company reiterated a “buy” rating and issued a $120.00 target price on shares of Andeavor in a report on Thursday, September 28th. Scotiabank cut shares of Andeavor from an “outperform” rating to a “sector perform” rating and raised their price target for the company from $103.00 to $112.00 in a research report on Saturday, September 30th. Finally, Morgan Stanley began coverage on shares of Andeavor in a research report on Wednesday, August 2nd. They issued an “overweight” rating for the company. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $114.17.
Shares of Andeavor (NASDAQ ANDV) traded down 0.29% during midday trading on Tuesday, hitting $105.37. The stock had a trading volume of 819,490 shares. Andeavor has a 52-week low of $75.11 and a 52-week high of $107.71. The stock has a market cap of $16.53 billion and a PE ratio of 37.37. The firm has a 50 day moving average price of $102.90 and a 200-day moving average price of $92.12.
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An institutional investor recently bought a new position in Andeavor stock. Fulton Bank N.A. purchased a new stake in Andeavor (NASDAQ:ANDV) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,731 shares of the company’s stock, valued at approximately $281,000.
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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