American International Group Inc. Buys 6,362 Shares of Andeavor (ANDV)
American International Group Inc. grew its stake in Andeavor (NYSE:ANDV) by 14.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,401 shares of the oil and gas company’s stock after purchasing an additional 6,362 shares during the quarter. American International Group Inc.’s holdings in Andeavor were worth $5,649,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. Commerzbank Aktiengesellschaft FI lifted its holdings in shares of Andeavor by 0.7% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 64,661 shares of the oil and gas company’s stock valued at $7,393,000 after purchasing an additional 445 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Andeavor by 0.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 71,194 shares of the oil and gas company’s stock valued at $8,140,000 after purchasing an additional 483 shares in the last quarter. Sigma Planning Corp lifted its holdings in shares of Andeavor by 32.6% in the fourth quarter. Sigma Planning Corp now owns 2,735 shares of the oil and gas company’s stock valued at $313,000 after purchasing an additional 673 shares in the last quarter. Capital Innovations LLC lifted its holdings in shares of Andeavor by 9.1% in the fourth quarter. Capital Innovations LLC now owns 8,250 shares of the oil and gas company’s stock valued at $943,000 after purchasing an additional 685 shares in the last quarter. Finally, Eqis Capital Management Inc. lifted its holdings in shares of Andeavor by 11.7% in the fourth quarter. Eqis Capital Management Inc. now owns 7,965 shares of the oil and gas company’s stock valued at $911,000 after purchasing an additional 832 shares in the last quarter. Institutional investors own 80.74% of the company’s stock.
ANDV has been the topic of a number of recent research reports. Credit Suisse Group initiated coverage on Andeavor in a report on Wednesday, January 3rd. They issued an “outperform” rating and a $142.00 target price on the stock. Piper Jaffray Companies restated a “buy” rating and issued a $121.00 target price on shares of Andeavor in a report on Friday, November 17th. Royal Bank of Canada dropped their price target on Andeavor from $109.00 to $107.00 and set a “sector perform” rating on the stock in a report on Friday, November 10th. BidaskClub upgraded Andeavor from a “hold” rating to a “buy” rating in a report on Tuesday, November 7th. Finally, ValuEngine lowered Andeavor from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. Six investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $126.17.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $2.36 annualized dividend and a dividend yield of 2.57%. Andeavor’s payout ratio is presently 59.45%.
In other Andeavor news, Director Paul L. Foster sold 45,000 shares of the business’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $108.33, for a total value of $4,874,850.00. Following the sale, the director now directly owns 1,447,567 shares in the company, valued at $156,814,933.11. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jeff A. Stevens sold 25,000 shares of the business’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $111.24, for a total value of $2,781,000.00. Following the completion of the sale, the director now owns 1,529,174 shares in the company, valued at $170,105,315.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 298,088 shares of company stock worth $34,122,422. Corporate insiders own 0.86% of the company’s stock.
TRADEMARK VIOLATION WARNING: “American International Group Inc. Buys 6,362 Shares of Andeavor (ANDV)” was posted by Watch List News and is the property of of Watch List News. If you are reading this story on another domain, it was illegally stolen and republished in violation of US & international copyright & trademark laws. The legal version of this story can be read at https://www.watchlistnews.com/american-international-group-inc-buys-6362-shares-of-andeavor-andv/1906206.html.
Andeavor, formerly Tesoro Corporation, is an independent petroleum refining, logistics and marketing company. he Company operates through three segments. The Refining operating segment refines crude oil and other feedstocks into transportation fuels, such as gasoline and gasoline blendstocks, jet fuel and diesel fuel, as well as other products, including heavy fuel oils, liquefied petroleum gas and petroleum coke for sale in bulk markets to a range of customers within its markets.
Want to see what other hedge funds are holding ANDV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Andeavor (NYSE:ANDV).
Receive News & Ratings for Andeavor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Andeavor and related companies with MarketBeat.com's FREE daily email newsletter.