Andeavor (ANDV) Downgraded by Scotiabank
Scotiabank lowered shares of Andeavor (NASDAQ:ANDV) from an outperform rating to a sector perform rating in a research report sent to investors on Saturday morning. The firm currently has $112.00 price objective on the stock, up from their previous price objective of $103.00.
A number of other analysts have also recently weighed in on ANDV. BidaskClub raised Andeavor from a hold rating to a buy rating in a research report on Thursday, August 31st. Cowen and Company reaffirmed a buy rating and set a $120.00 target price on shares of Andeavor in a research report on Thursday, September 28th. Zacks Investment Research lowered Andeavor from a strong-buy rating to a hold rating in a research report on Wednesday, September 13th. Morgan Stanley began coverage on Andeavor in a research report on Wednesday, August 2nd. They set an overweight rating on the stock. Finally, Howard Weil cut Andeavor from a sector outperform rating to a sector perform rating and set a $112.00 price target for the company. in a research note on Thursday, September 28th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $115.50.
Shares of Andeavor (ANDV) opened at 103.75 on Friday. The stock has a market cap of $16.59 billion and a P/E ratio of 17.35. Andeavor has a one year low of $75.11 and a one year high of $105.63. The stock’s 50 day moving average is $99.82 and its 200-day moving average is $90.74.
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The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 31st were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date was Tuesday, August 29th.
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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