Jeff A. Stevens Acquires 39,175 Shares of Andeavor Logistics LP (ANDX) Stock
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.
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.
Featured Article: Understanding Analyst Ratings
Receive News & Ratings for Andeavor Logistics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Andeavor Logistics and related companies with MarketBeat.com's FREE daily email newsletter.