Andeavor (ANDV) Director Sells $3,804,775.00 in Stock
Andeavor (NYSE:ANDV) Director Jeff A. Stevens sold 32,500 shares of Andeavor stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $117.07, for a total value of $3,804,775.00. Following the completion of the transaction, the director now directly owns 1,503,845 shares of the company’s stock, valued at $176,055,134.15. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Shares of Andeavor (NYSE ANDV) traded up $1.70 during mid-day trading on Friday, reaching $119.13. The company had a trading volume of 1,050,258 shares, compared to its average volume of 1,460,000. The company has a market cap of $18,580.00, a price-to-earnings ratio of 24.41, a P/E/G ratio of 0.68 and a beta of 1.55. Andeavor has a twelve month low of $75.11 and a twelve month high of $119.33. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.47 and a quick ratio of 0.62.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Thursday, November 30th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $2.36 dividend on an annualized basis and a yield of 1.98%. Andeavor’s dividend payout ratio is currently 48.36%.
Several brokerages have weighed in on ANDV. Barclays reaffirmed a “buy” rating and issued a $162.00 price objective on shares of Andeavor in a report on Wednesday. Credit Suisse Group began coverage on Andeavor in a report on Wednesday, January 3rd. They set an “outperform” rating and a $142.00 price target for the company. ValuEngine cut Andeavor from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. Wells Fargo & Co boosted their price target on Andeavor to $141.00 and gave the stock an “outperform” rating in a report on Wednesday, December 6th. Finally, Jefferies Group lowered their price target on Andeavor from $109.00 to $108.00 and set a “hold” rating for the company in a report on Monday, November 20th. Seven research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $121.32.
A number of hedge funds have recently modified their holdings of the stock. Nisa Investment Advisors LLC grew its position in Andeavor by 0.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 71,194 shares of the oil and gas company’s stock worth $8,140,000 after acquiring an additional 483 shares during the last quarter. Daiwa SB Investments Ltd. bought a new stake in Andeavor during the 4th quarter worth $106,000. Sun Life Financial INC bought a new stake in Andeavor during the 3rd quarter worth $110,000. Bollard Group LLC bought a new stake in Andeavor during the 3rd quarter worth $123,000. Finally, Edge Wealth Management LLC bought a new stake in Andeavor during the 3rd quarter worth $128,000. Institutional investors and hedge funds own 78.85% of the company’s stock.
Andeavor Company Profile
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.
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