Andeavor (ANDV) Declares $0.59 Quarterly Dividend
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.
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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