Andeavor (ANDV) Rating Reiterated by Piper Jaffray Companies
Piper Jaffray Companies restated their buy rating on shares of Andeavor (NYSE:ANDV) in a research note published on Friday. They currently have a $138.00 price target on the oil and gas company’s stock.
Several other equities research analysts also recently issued reports on the company. Barclays restated a buy rating and set a $162.00 price objective on shares of Andeavor in a report on Wednesday, January 10th. Royal Bank of Canada restated a sector perform rating and set a $107.00 price objective (down from $109.00) on shares of Andeavor in a report on Thursday, November 9th. Credit Suisse Group began coverage on Andeavor in a report on Wednesday, January 3rd. They issued an outperform rating and a $142.00 price target for the company. Zacks Investment Research upgraded Andeavor from a hold rating to a buy rating and set a $133.00 price target for the company in a report on Monday, January 22nd. Finally, Citigroup reiterated a neutral rating on shares of Andeavor in a report on Monday, January 22nd. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $126.17.
Andeavor (NYSE ANDV) traded up $2.08 during mid-day trading on Friday, reaching $94.53. The company’s stock had a trading volume of 1,429,887 shares, compared to its average volume of 1,650,000. The company has a quick ratio of 0.65, a current ratio of 1.38 and a debt-to-equity ratio of 0.57. Andeavor has a 52 week low of $75.11 and a 52 week high of $121.71. The stock has a market cap of $14,750.00, a P/E ratio of 23.81, a PEG ratio of 0.92 and a beta of 1.39.
In related news, Director Paul L. Foster sold 54,400 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $114.99, for a total transaction of $6,255,456.00. Following the completion of the transaction, the director now owns 1,413,468 shares in the company, valued at approximately $162,534,685.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeff A. Stevens sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $111.24, for a total value of $2,781,000.00. Following the transaction, the director now owns 1,529,174 shares of the company’s stock, valued at approximately $170,105,315.76. The disclosure for this sale can be found here. Insiders have sold a total of 298,088 shares of company stock valued at $34,122,422 in the last 90 days. Insiders own 0.86% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. boosted its position in Andeavor by 3.2% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 36,455 shares of the oil and gas company’s stock valued at $4,168,000 after purchasing an additional 1,115 shares during the period. Xact Kapitalforvaltning AB boosted its position in Andeavor by 11.7% during the 4th quarter. Xact Kapitalforvaltning AB now owns 15,454 shares of the oil and gas company’s stock worth $1,767,000 after acquiring an additional 1,619 shares during the period. Envestnet Asset Management Inc. boosted its position in Andeavor by 45.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 28,287 shares of the oil and gas company’s stock worth $3,234,000 after acquiring an additional 8,890 shares during the period. Tuttle Tactical Management LLC acquired a new position in Andeavor during the 4th quarter worth $777,000. Finally, Compagnie Lombard Odier SCmA boosted its position in Andeavor by 28.5% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 4,663 shares of the oil and gas company’s stock worth $533,000 after acquiring an additional 1,033 shares during the period. Institutional investors and hedge funds own 80.74% of the company’s stock.
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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