Andeavor (ANDV) Director Paul L. Foster Sells 5,880 Shares
Andeavor (NYSE:ANDV) Director Paul L. Foster sold 5,880 shares of the firm’s stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $155.82, for a total transaction of $916,221.60. Following the sale, the director now owns 1,270,217 shares of the company’s stock, valued at approximately $197,925,212.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of ANDV traded down $0.80 during trading hours on Friday, hitting $152.99. The company’s stock had a trading volume of 23,261 shares, compared to its average volume of 1,143,532. The company has a quick ratio of 0.69, a current ratio of 1.42 and a debt-to-equity ratio of 0.64. Andeavor has a 52-week low of $89.58 and a 52-week high of $156.99. The company has a market capitalization of $23.51 billion, a price-to-earnings ratio of 23.51, a PEG ratio of 1.77 and a beta of 1.30.
Andeavor (NYSE:ANDV) last announced its earnings results on Monday, August 6th. The oil and gas company reported $3.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.96 by $0.58. Andeavor had a net margin of 4.91% and a return on equity of 8.52%. The business had revenue of $12.47 billion during the quarter, compared to analyst estimates of $12.36 billion. sell-side analysts expect that Andeavor will post 8.8 earnings per share for the current fiscal year.
Several equities analysts have recently weighed in on ANDV shares. Tudor Pickering downgraded shares of Andeavor from a “buy” rating to a “hold” rating in a research note on Friday, May 18th. US Capital Advisors downgraded shares of Andeavor from a “buy” rating to a “hold” rating in a research note on Friday, June 29th. Morgan Stanley downgraded shares of Andeavor from an “overweight” rating to an “equal weight” rating and set a $145.00 target price for the company. in a research note on Tuesday, May 8th. Credit Suisse Group reiterated a “neutral” rating and issued a $145.00 target price (up previously from $142.00) on shares of Andeavor in a research note on Friday, May 18th. Finally, ValuEngine upgraded shares of Andeavor from a “hold” rating to a “buy” rating in a research note on Thursday, July 12th. Twelve equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $134.09.
Several institutional investors and hedge funds have recently made changes to their positions in ANDV. Alpine Associates Management Inc. bought a new stake in shares of Andeavor in the 2nd quarter worth approximately $154,009,000. Natixis lifted its holdings in shares of Andeavor by 9,275.8% in the 2nd quarter. Natixis now owns 772,003 shares of the oil and gas company’s stock worth $101,271,000 after acquiring an additional 763,769 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new stake in shares of Andeavor in the 1st quarter worth approximately $69,747,000. Ceredex Value Advisors LLC bought a new stake in shares of Andeavor in the 1st quarter worth approximately $60,791,000. Finally, FIL Ltd lifted its holdings in shares of Andeavor by 48.7% in the 1st quarter. FIL Ltd now owns 1,653,124 shares of the oil and gas company’s stock worth $166,238,000 after acquiring an additional 541,461 shares during the last quarter. Hedge funds and other institutional investors own 77.69% of the company’s stock.
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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