Chicago Partners Investment Group LLC bought a new stake in Andeavor Logistics LP (NYSE:ANDX) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 48,390 shares of the oil and gas company’s stock, valued at approximately $2,422,000.

Other hedge funds have also bought and sold shares of the company. IndexIQ Advisors LLC bought a new stake in Andeavor Logistics in the third quarter worth $103,000. Ffcm LLC bought a new stake in Andeavor Logistics in the third quarter worth $110,000. Penserra Capital Management LLC bought a new stake in Andeavor Logistics in the third quarter worth $131,000. Barnett & Company Inc. bought a new stake in Andeavor Logistics in the third quarter worth $136,000. Finally, First Manhattan Co. bought a new stake in Andeavor Logistics in the third quarter worth $150,000. 34.86% of the stock is owned by hedge funds and other institutional investors.

Shares of Andeavor Logistics LP (NYSE:ANDX) opened at $47.48 on Friday. Andeavor Logistics LP has a 52-week low of $42.18 and a 52-week high of $60.14. The firm has a market capitalization of $10,310.89, a price-to-earnings ratio of 19.32, a PEG ratio of 3.42 and a beta of 1.12. The company has a debt-to-equity ratio of 2.15, a quick ratio of 1.01 and a current ratio of 1.01.

Andeavor Logistics (NYSE:ANDX) last released its earnings results on Wednesday, November 8th. The oil and gas company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.22. Andeavor Logistics had a return on equity of 21.26% and a net margin of 21.85%. The business had revenue of $444.00 million during the quarter, compared to the consensus estimate of $414.69 million. During the same period last year, the company earned $0.46 earnings per share. The business’s revenue for the quarter was up 44.2% compared to the same quarter last year. equities research analysts predict that Andeavor Logistics LP will post 2.79 EPS for the current year.

ANDX has been the subject of a number of analyst reports. SunTrust Banks set a $50.00 price target on Andeavor Logistics and gave the stock a “buy” rating in a research report on Friday, November 17th. Scotiabank restated a “buy” rating and issued a $59.00 price target on shares of Andeavor Logistics in a research report on Thursday, August 17th. Jefferies Group raised their price target on Andeavor Logistics from $41.00 to $45.00 and gave the stock a “hold” rating in a research report on Monday, November 20th. BidaskClub upgraded Andeavor Logistics from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research upgraded Andeavor Logistics from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. Andeavor Logistics presently has an average rating of “Hold” and an average target price of $55.38.

In other Andeavor Logistics news, Director Jeff A. Stevens bought 1,144 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was acquired at an average cost of $46.75 per share, for a total transaction of $53,482.00. Following the completion of the transaction, the director now owns 2,229 shares in the company, valued at $104,205.75. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, insider Steven Sterin bought 1,400 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were acquired at an average price of $45.53 per share, with a total value of $63,742.00. Following the completion of the transaction, the insider now owns 9,714 shares of the company’s stock, valued at approximately $442,278.42. The disclosure for this purchase can be found here. 0.15% of the stock is currently owned by company insiders.

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About Andeavor Logistics

Andeavor Logistics LP, formerly Tesoro Logistics LP, is a full-service logistics company operating in the western and mid-continent regions of the United States. The Company operates through three segments. Its Gathering segment consists of crude oil, natural gas and produced water gathering systems in the Bakken Region and Rockies Region.

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Institutional Ownership by Quarter for Andeavor Logistics (NYSE:ANDX)

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