CIBC Asset Management Inc bought a new stake in shares of Andeavor Logistics LP (NYSE:ANDX) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 4,996 shares of the oil and gas company’s stock, valued at approximately $231,000.

Several other large investors have also bought and sold shares of the stock. Stuart Chaussee & Associates Inc. acquired a new position in shares of Andeavor Logistics during the 4th quarter valued at $155,000. US Bancorp DE lifted its holdings in shares of Andeavor Logistics by 137.5% during the 4th quarter. US Bancorp DE now owns 27,498 shares of the oil and gas company’s stock valued at $1,270,000 after acquiring an additional 15,919 shares in the last quarter. Comerica Bank acquired a new position in shares of Andeavor Logistics during the 4th quarter valued at $224,000. Starr International Co. Inc. acquired a new position in shares of Andeavor Logistics during the 4th quarter valued at $7,159,000. Finally, C.V. Starr & Co. Inc. Trust acquired a new position in shares of Andeavor Logistics during the 4th quarter valued at $12,009,000. Institutional investors and hedge funds own 35.56% of the company’s stock.

Several equities analysts recently weighed in on ANDX shares. Barclays reduced their target price on shares of Andeavor Logistics from $57.00 to $55.00 and set an “overweight” rating on the stock in a report on Friday, November 10th. Zacks Investment Research lowered shares of Andeavor Logistics from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. BidaskClub lowered shares of Andeavor Logistics from a “sell” rating to a “strong sell” rating in a report on Saturday, October 21st. Credit Suisse Group initiated coverage on shares of Andeavor Logistics in a report on Thursday, January 4th. They issued a “neutral” rating and a $48.00 price objective on the stock. Finally, SunTrust Banks reiterated a “buy” rating and issued a $62.00 price objective on shares of Andeavor Logistics in a report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $54.15.

In related news, insider Steven Sterin bought 1,400 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was bought at an average price of $45.53 per share, with a total value of $63,742.00. Following the transaction, the insider now owns 9,714 shares of the company’s stock, valued at $442,278.42. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jeff A. Stevens bought 1,144 shares of the company’s stock in a transaction dated Monday, December 4th. The stock was bought at an average cost of $46.75 per share, with a total value of $53,482.00. Following the transaction, the director now directly owns 2,229 shares in the company, valued at approximately $104,205.75. The disclosure for this purchase can be found here. Insiders own 0.15% of the company’s stock.

Andeavor Logistics LP (NYSE:ANDX) opened at $49.94 on Thursday. Andeavor Logistics LP has a 1-year low of $42.18 and a 1-year high of $60.14. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market cap of $10,769.06, a price-to-earnings ratio of 20.17, a price-to-earnings-growth ratio of 3.21 and a beta of 1.23.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Wednesday, January 31st were issued a $1.00 dividend. The ex-dividend date was Tuesday, January 30th. This represents a $4.00 dividend on an annualized basis and a yield of 8.01%. This is a positive change from Andeavor Logistics’s previous quarterly dividend of $0.99. Andeavor Logistics’s payout ratio is currently 170.21%.

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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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Institutional Ownership by Quarter for Andeavor Logistics (NYSE:ANDX)

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