Janney Montgomery Scott LLC purchased a new stake in Andeavor Logistics LP (NYSE:ANDX) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 52,840 shares of the oil and gas company’s stock, valued at approximately $2,645,000.

Several other hedge funds also recently made changes to their positions in the company. BB&T Corp acquired a new position in shares of Andeavor Logistics in the 3rd quarter valued at approximately $501,000. First Trust Advisors LP acquired a new position in shares of Andeavor Logistics in the 3rd quarter valued at approximately $4,489,000. Saratoga Research & Investment Management acquired a new position in shares of Andeavor Logistics in the 3rd quarter valued at approximately $169,000. Cedar Wealth Management LLC acquired a new position in shares of Andeavor Logistics in the 3rd quarter valued at approximately $169,000. Finally, State of New Jersey Common Pension Fund D acquired a new position in shares of Andeavor Logistics in the 3rd quarter valued at approximately $8,280,000. 34.86% of the stock is owned by institutional investors.

Several equities analysts recently issued reports on ANDX shares. Barclays decreased their price objective on Andeavor Logistics from $57.00 to $55.00 and set an “overweight” rating for the company in a research report on Friday, November 10th. Zacks Investment Research lowered Andeavor Logistics from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. BidaskClub lowered Andeavor Logistics from a “sell” rating to a “strong sell” rating in a research report on Saturday, October 21st. SunTrust Banks reiterated a “buy” rating and issued a $62.00 price objective on shares of Andeavor Logistics in a research report on Friday, November 10th. Finally, Mizuho reiterated a “hold” rating and issued a $56.00 price objective on shares of Andeavor Logistics in a research report on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $55.38.

Andeavor Logistics LP (NYSE ANDX) opened at $47.62 on Friday. Andeavor Logistics LP has a 12-month low of $42.18 and a 12-month high of $60.14. The company has a debt-to-equity ratio of 2.15, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market capitalization of $10,291.44, a P/E ratio of 19.28, a price-to-earnings-growth ratio of 3.41 and a beta of 1.12.

Andeavor Logistics (NYSE:ANDX) last released its quarterly earnings results on Wednesday, November 8th. The oil and gas company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.22. Andeavor Logistics had a return on equity of 22.48% and a net margin of 23.50%. The firm had revenue of $444.00 million during the quarter, compared to the consensus estimate of $414.69 million. During the same quarter in the prior year, the firm posted $0.46 EPS. The business’s revenue was up 44.2% on a year-over-year basis. sell-side analysts expect that Andeavor Logistics LP will post 2.75 earnings per share for the current year.

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

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Andeavor Logistics Company Profile

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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