Andeavor (NYSE:ANDV) announced a quarterly dividend on Tuesday, August 7th, Wall Street Journal reports. Shareholders of record on Friday, August 31st will be given a dividend of 0.59 per share by the oil and gas company on Friday, September 14th. This represents a $2.36 annualized dividend and a yield of 1.58%. The ex-dividend date is Thursday, August 30th.

Andeavor has a dividend payout ratio of 27.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Andeavor to earn $11.79 per share next year, which means the company should continue to be able to cover its $2.36 annual dividend with an expected future payout ratio of 20.0%.

Andeavor traded down $1.50, hitting $149.34, during trading on Wednesday, according to MarketBeat Ratings. 7,443 shares of the company’s stock traded hands, compared to its average volume of 1,046,344. The company has a market cap of $22.24 billion, a PE ratio of 23.23, a price-to-earnings-growth ratio of 1.70 and a beta of 1.30. Andeavor has a 12-month low of $89.58 and a 12-month high of $152.97. The company has a quick ratio of 0.64, a current ratio of 1.41 and a debt-to-equity ratio of 0.64.

Andeavor (NYSE:ANDV) last released its quarterly earnings data on Monday, May 7th. The oil and gas company reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.07. Andeavor had a net margin of 4.27% and a return on equity of 6.51%. The business had revenue of $10.30 billion for the quarter, compared to the consensus estimate of $9.62 billion. During the same period in the prior year, the firm earned $0.42 earnings per share. The company’s revenue was up 55.2% compared to the same quarter last year. equities research analysts anticipate that Andeavor will post 8.67 EPS for the current year.

In related news, Director Paul L. Foster sold 5,880 shares of the company’s stock in a transaction that occurred on Monday, May 14th. The shares were sold at an average price of $141.41, for a total value of $831,490.80. Following the transaction, the director now directly owns 1,349,034 shares in the company, valued at $190,766,897.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jeff A. Stevens sold 32,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 16th. The stock was sold at an average price of $140.75, for a total transaction of $4,574,375.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 309,830 shares of company stock worth $43,708,539. 7.00% of the stock is owned by company insiders.

A number of brokerages have recently issued reports on ANDV. ValuEngine downgraded shares of Andeavor from a “buy” rating to a “hold” rating in a report on Thursday, June 21st. Mizuho began coverage on shares of Andeavor in a report on Thursday, August 2nd. They issued a “neutral” rating and a $158.00 price target on the stock. US Capital Advisors downgraded shares of Andeavor from a “buy” rating to a “hold” rating in a report on Friday, June 29th. Citigroup downgraded shares of Andeavor from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $144.08 to $80.46 in a report on Thursday, May 10th. Finally, Wells Fargo & Co downgraded shares of Andeavor from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 8th. Twelve investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $131.65.

Andeavor Company Profile

Andeavor, through its subsidiaries, operates as an independent petroleum refining, logistics, and marketing company in the United States. The company operates in three segments: Marketing, Logistics, and Refining. The Marketing segment sells gasoline and diesel fuel through retail, branded, and unbranded channels.

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Dividend History for Andeavor (NYSE:ANDV)

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