Andeavor (ANDV) Lifted to Outperform at Evercore ISI
Evercore ISI upgraded shares of Andeavor (NASDAQ:ANDV) from an in-line rating to an outperform rating in a research report sent to investors on Thursday, MarketBeat reports.
Several other brokerages also recently commented on ANDV. Zacks Investment Research upgraded Andeavor from a hold rating to a buy rating and set a $119.00 target price for the company in a research note on Tuesday, October 10th. Barclays PLC reiterated an overweight rating and set a $121.00 target price (up from $118.00) on shares of Andeavor in a research note on Tuesday, October 10th. BidaskClub upgraded Andeavor from a hold rating to a buy rating in a research note on Saturday, October 7th. Royal Bank Of Canada reiterated a hold rating and set a $101.00 target price on shares of Andeavor in a research note on Friday, October 13th. Finally, Jefferies Group LLC downgraded Andeavor from a buy rating to a hold rating in a research note on Monday, October 16th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $116.63.
Shares of Andeavor (NASDAQ ANDV) traded up $0.44 during midday trading on Thursday, hitting $110.17. The stock had a trading volume of 1,145,960 shares.
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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FDx Advisors Inc. bought a new stake in Andeavor in the 3rd quarter valued at $1,002,000. Jennison Associates LLC bought a new stake in Andeavor in the 3rd quarter valued at $81,868,000. Candriam Luxembourg S.C.A. bought a new stake in Andeavor in the 3rd quarter valued at $2,289,000. Pitcairn Co. bought a new stake in Andeavor in the 3rd quarter valued at $614,000. Finally, Principal Financial Group Inc. bought a new stake in Andeavor in the 3rd quarter valued at $46,997,000.
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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