Andeavor (ANDV) Shares Bought by Mirae Asset Global Investments Co. Ltd.
Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Andeavor (NYSE:ANDV) by 202.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,386 shares of the oil and gas company’s stock after acquiring an additional 4,943 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Andeavor were worth $1,134,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of ANDV. Advisory Services Network LLC increased its position in Andeavor by 137.2% during the third quarter. Advisory Services Network LLC now owns 702 shares of the oil and gas company’s stock worth $107,000 after buying an additional 406 shares during the period. CIBC Private Wealth Group LLC increased its position in Andeavor by 114.5% during the second quarter. CIBC Private Wealth Group LLC now owns 1,255 shares of the oil and gas company’s stock worth $165,000 after buying an additional 670 shares during the period. Cerebellum GP LLC acquired a new position in Andeavor during the third quarter worth approximately $184,000. Ropes Wealth Advisors LLC increased its position in Andeavor by 118.7% during the second quarter. Ropes Wealth Advisors LLC now owns 1,428 shares of the oil and gas company’s stock worth $187,000 after buying an additional 775 shares during the period. Finally, Alerus Financial NA acquired a new position in Andeavor during the third quarter worth approximately $204,000. 77.65% of the stock is currently owned by institutional investors and hedge funds.
Separately, Citigroup lifted their price target on Andeavor from $148.00 to $155.00 and gave the stock a “hold” rating in a research report on Friday, September 7th. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $147.73.
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Andeavor Company Profile
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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