Andeavor Logistics LP (NYSE:ANDX) Director Jeff A. Stevens purchased 39,175 shares of the stock in a transaction on Monday, August 27th. The shares were acquired at an average price of $50.14 per share, for a total transaction of $1,964,234.50. Following the transaction, the director now directly owns 527,136 shares of the company’s stock, valued at approximately $26,430,599.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of Andeavor Logistics stock opened at $49.39 on Friday. Andeavor Logistics LP has a 12 month low of $40.66 and a 12 month high of $55.21. The company has a market cap of $10.81 billion, a price-to-earnings ratio of 18.84, a PEG ratio of 5.34 and a beta of 1.39. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.57.

Andeavor Logistics (NYSE:ANDX) last announced its earnings results on Monday, August 6th. The oil and gas company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.04). Andeavor Logistics had a net margin of 16.45% and a return on equity of 18.81%. The firm had revenue of $557.00 million for the quarter, compared to analyst estimates of $527.61 million. During the same period in the previous year, the company earned $0.63 EPS. Andeavor Logistics’s revenue was down 8.2% compared to the same quarter last year. equities research analysts anticipate that Andeavor Logistics LP will post 2.74 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 14th. Shareholders of record on Friday, August 3rd were issued a dividend of $1.03 per share. The ex-dividend date was Thursday, August 2nd. This represents a $4.12 dividend on an annualized basis and a dividend yield of 8.34%. This is a boost from Andeavor Logistics’s previous quarterly dividend of $1.02. Andeavor Logistics’s dividend payout ratio is presently 164.14%.

Several large investors have recently bought and sold shares of the stock. Tortoise Capital Advisors L.L.C. increased its holdings in shares of Andeavor Logistics by 3.2% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 13,539,065 shares of the oil and gas company’s stock valued at $575,816,000 after purchasing an additional 417,081 shares during the last quarter. Alps Advisors Inc. increased its holdings in shares of Andeavor Logistics by 6.3% in the second quarter. Alps Advisors Inc. now owns 7,448,151 shares of the oil and gas company’s stock valued at $344,030,000 after purchasing an additional 440,575 shares during the last quarter. Brookfield Asset Management Inc. increased its holdings in shares of Andeavor Logistics by 10.0% in the first quarter. Brookfield Asset Management Inc. now owns 5,158,872 shares of the oil and gas company’s stock valued at $231,169,000 after purchasing an additional 467,678 shares during the last quarter. Eagle Global Advisors LLC increased its holdings in shares of Andeavor Logistics by 18.4% in the second quarter. Eagle Global Advisors LLC now owns 2,842,150 shares of the oil and gas company’s stock valued at $120,877,000 after purchasing an additional 440,833 shares during the last quarter. Finally, CIBC Private Wealth Group LLC increased its holdings in shares of Andeavor Logistics by 2.6% in the second quarter. CIBC Private Wealth Group LLC now owns 2,358,684 shares of the oil and gas company’s stock valued at $100,316,000 after purchasing an additional 60,662 shares during the last quarter. 38.07% of the stock is owned by hedge funds and other institutional investors.

ANDX has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. downgraded Andeavor Logistics from an “overweight” rating to a “neutral” rating and set a $55.00 price target on the stock. in a research report on Monday, May 21st. ValuEngine downgraded Andeavor Logistics from a “sell” rating to a “strong sell” rating in a research report on Tuesday, May 22nd. Bank of America downgraded Andeavor Logistics from a “neutral” rating to an “underperform” rating and set a $55.00 price target on the stock. in a research report on Wednesday, July 18th. Zacks Investment Research downgraded Andeavor Logistics from a “hold” rating to a “sell” rating in a research report on Thursday, July 19th. Finally, SunTrust Banks set a $48.00 price target on Andeavor Logistics and gave the stock a “buy” rating in a research report on Monday, July 23rd. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the stock. Andeavor Logistics has an average rating of “Hold” and an average price target of $52.82.

About Andeavor Logistics

Andeavor Logistics LP operates as a diversified midstream company in the United States. The Terminalling and Transportation segment comprises the Northwest Products Pipeline, including a regulated common carrier products pipeline running from Salt Lake City, Utah to Spokane, Washington and a jet fuel pipeline to the Salt Lake City International Airport; a regulated common carrier refined products pipeline system connecting its refinery to its terminals in Anchorage, Alaska; tankage and related equipment at the refinery; and crude oil and refined products terminals and storage facilities in the western, and southwest and midwestern U.S.

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