Andeavor’s (ANDV) Buy Rating Reiterated at Barclays
Barclays reaffirmed their buy rating on shares of Andeavor (NYSE:ANDV) in a research report sent to investors on Wednesday morning. They currently have a $162.00 price objective on the oil and gas company’s stock.
ANDV has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of Andeavor from a hold rating to a strong-buy rating and set a $118.00 price target for the company in a research note on Tuesday, September 12th. Howard Weil lowered shares of Andeavor from a sector outperform rating to a sector perform rating and set a $112.00 price target for the company. in a research note on Thursday, September 28th. Piper Jaffray Companies restated a buy rating and issued a $121.00 price target on shares of Andeavor in a research note on Friday, November 17th. JPMorgan Chase & Co. restated a buy rating and issued a $121.00 price target on shares of Andeavor in a research note on Friday, November 3rd. Finally, Royal Bank of Canada dropped their price target on shares of Andeavor from $109.00 to $107.00 and set a sector perform rating for the company in a research note on Friday, November 10th. Seven research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock has an average rating of Buy and a consensus price target of $121.32.
Shares of Andeavor (NYSE ANDV) opened at $119.13 on Wednesday. The company has a quick ratio of 0.62, a current ratio of 1.47 and a debt-to-equity ratio of 0.61. The stock has a market cap of $18,583.92, a price-to-earnings ratio of 23.09, a P/E/G ratio of 0.69 and a beta of 1.55. Andeavor has a 12 month low of $75.11 and a 12 month high of $119.33.
In other news, Director Jeff A. Stevens sold 32,500 shares of the business’s stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $117.07, for a total transaction of $3,804,775.00. Following the completion of the transaction, the director now owns 1,503,845 shares of the company’s stock, valued at $176,055,134.15. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Michael E. Wiley sold 700 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $106.24, for a total transaction of $74,368.00. Following the transaction, the director now directly owns 41,850 shares of the company’s stock, valued at approximately $4,446,144. The disclosure for this sale can be found here. In the last quarter, insiders have sold 169,188 shares of company stock valued at $18,798,235. 0.86% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Boston Partners acquired a new position in shares of Andeavor during the third quarter valued at $773,141,000. Bank of New York Mellon Corp acquired a new stake in Andeavor in the third quarter worth about $403,103,000. Dimensional Fund Advisors LP acquired a new stake in Andeavor in the third quarter worth about $333,346,000. Hotchkis & Wiley Capital Management LLC acquired a new stake in Andeavor in the third quarter worth about $214,005,000. Finally, Prudential Financial Inc. acquired a new stake in Andeavor in the third quarter worth about $150,513,000. 78.85% of the stock is owned by institutional investors.
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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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