Andeavor (NYSE:ANDV) had its price objective boosted by Royal Bank of Canada to $151.00 in a research report released on Tuesday, The Fly reports. Royal Bank of Canada currently has a sector perform rating on the oil and gas company’s stock. The analysts noted that the move was a valuation call.

Other equities analysts have also issued research reports about the stock. ValuEngine upgraded shares of Andeavor from a hold rating to a buy rating in a research report on Thursday, July 12th. Jefferies Financial Group upgraded shares of Andeavor from a hold rating to a buy rating and set a $108.00 price objective for the company in a research report on Thursday, May 3rd. Morgan Stanley lowered shares of Andeavor from an overweight rating to an equal weight rating and set a $145.00 price objective for the company. in a research report on Tuesday, May 8th. US Capital Advisors lowered shares of Andeavor from a buy rating to a hold rating in a research report on Friday, June 29th. Finally, Tudor Pickering lowered shares of Andeavor from a buy rating to a hold rating in a research report on Friday, May 18th. Twelve equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $134.09.

ANDV stock opened at $144.84 on Tuesday. Andeavor has a 52 week low of $89.58 and a 52 week high of $152.97. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.42 and a quick ratio of 0.69. The firm has a market cap of $22.70 billion, a price-to-earnings ratio of 22.39, a price-to-earnings-growth ratio of 1.71 and a beta of 1.30.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 14th. Stockholders of record on Friday, August 31st will be issued a $0.59 dividend. The ex-dividend date of this dividend is Thursday, August 30th. This represents a $2.36 annualized dividend and a dividend yield of 1.63%. Andeavor’s dividend payout ratio (DPR) is presently 36.48%.

In other news, EVP Keith M. Casey sold 24,571 shares of the firm’s stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $151.11, for a total value of $3,712,923.81. Following the completion of the sale, the executive vice president now owns 65,499 shares in the company, valued at approximately $9,897,553.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeff A. Stevens sold 16,250 shares of the firm’s stock in a transaction dated Tuesday, May 29th. The stock was sold at an average price of $142.71, for a total transaction of $2,319,037.50. Following the completion of the sale, the director now owns 1,048,109 shares of the company’s stock, valued at approximately $149,575,635.39. The disclosure for this sale can be found here. Insiders sold a total of 355,311 shares of company stock valued at $50,872,862 in the last 90 days. Company insiders own 7.00% of the company’s stock.

A number of hedge funds have recently bought and sold shares of ANDV. Alpine Associates Management Inc. purchased a new position in Andeavor in the 2nd quarter worth about $154,009,000. Natixis increased its stake in Andeavor by 9,275.8% in the 2nd quarter. Natixis now owns 772,003 shares of the oil and gas company’s stock worth $101,271,000 after buying an additional 763,769 shares during the period. Massachusetts Financial Services Co. MA purchased a new position in Andeavor in the 1st quarter worth about $69,747,000. Ceredex Value Advisors LLC purchased a new position in Andeavor in the 1st quarter worth about $60,791,000. Finally, FIL Ltd increased its stake in Andeavor by 48.7% in the 1st quarter. FIL Ltd now owns 1,653,124 shares of the oil and gas company’s stock worth $166,238,000 after buying an additional 541,461 shares during the period. 80.00% of the stock is currently owned by institutional investors.

About Andeavor

Andeavor, through its subsidiaries, operates as an independent petroleum refining, logistics, and marketing company in the United States. The company operates in three segments: Marketing, Logistics, and Refining. The Marketing segment sells gasoline and diesel fuel through retail, branded, and unbranded channels.

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The Fly

Analyst Recommendations for Andeavor (NYSE:ANDV)

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