Andeavor Logistics LP (NYSE:ANDX) shares reached a new 52-week low during trading on Thursday . The company traded as low as $33.78 and last traded at $34.11, with a volume of 18294 shares changing hands. The stock had previously closed at $35.41.

A number of research firms recently commented on ANDX. Citigroup decreased their price objective on Andeavor Logistics from $55.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, November 29th. TheStreet cut Andeavor Logistics from a “b” rating to a “c+” rating in a report on Tuesday, November 13th. JPMorgan Chase & Co. decreased their price objective on Andeavor Logistics from $52.00 to $47.00 and set a “neutral” rating on the stock in a report on Wednesday, November 14th. SunTrust Banks cut Andeavor Logistics from a “buy” rating to a “hold” rating and decreased their price objective for the company from $52.00 to $41.00 in a report on Tuesday, November 13th. Finally, Royal Bank of Canada cut their target price on Andeavor Logistics from $51.00 to $47.00 and set a “sector perform” rating on the stock in a research report on Tuesday, November 6th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the stock. Andeavor Logistics has an average rating of “Hold” and an average target price of $50.56.

The stock has a market cap of $8.69 billion, a PE ratio of 13.76, a P/E/G ratio of 1.44 and a beta of 1.65. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 1.01.

Andeavor Logistics (NYSE:ANDX) last announced its earnings results on Wednesday, November 7th. The oil and gas company reported $0.68 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.68. The company had revenue of $843.00 million for the quarter, compared to analyst estimates of $571.56 million. Andeavor Logistics had a return on equity of 17.51% and a net margin of 17.74%. The firm’s quarterly revenue was up 44.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.90 earnings per share. On average, analysts anticipate that Andeavor Logistics LP will post 2.64 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 14th. Shareholders of record on Monday, November 5th were given a $1.03 dividend. This is a positive change from Andeavor Logistics’s previous quarterly dividend of $0.97. The ex-dividend date was Friday, November 2nd. This represents a $4.12 dividend on an annualized basis and a yield of 11.93%. Andeavor Logistics’s payout ratio is presently 164.14%.

In other news, Director Jeff A. Stevens sold 25,000 shares of the company’s stock in a transaction on Thursday, November 29th. The stock was sold at an average price of $38.44, for a total transaction of $961,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.15% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of ANDX. Tortoise Capital Advisors L.L.C. increased its position in shares of Andeavor Logistics by 8.8% during the third quarter. Tortoise Capital Advisors L.L.C. now owns 14,726,926 shares of the oil and gas company’s stock worth $715,140,000 after acquiring an additional 1,187,861 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Andeavor Logistics during the third quarter worth $43,476,000. Virtus ETF Advisers LLC purchased a new stake in shares of Andeavor Logistics during the third quarter worth $34,442,000. HITE Hedge Asset Management LLC purchased a new stake in shares of Andeavor Logistics during the second quarter worth $25,105,000. Finally, Alps Advisors Inc. increased its position in shares of Andeavor Logistics by 6.3% during the second quarter. Alps Advisors Inc. now owns 7,448,151 shares of the oil and gas company’s stock worth $344,030,000 after acquiring an additional 440,575 shares during the period. 33.22% of the stock is currently owned by institutional investors and hedge funds.

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About Andeavor Logistics (NYSE:ANDX)

Andeavor Logistics LP operates as a diversified midstream company in the United States. The Terminalling and Transportation segment comprises the Northwest Products Pipeline, including a regulated common carrier products pipeline running from Salt Lake City, Utah to Spokane, Washington and a jet fuel pipeline to the Salt Lake City International Airport; a regulated common carrier refined products pipeline system connecting its refinery to its terminals in Anchorage, Alaska; tankage and related equipment at the refinery; and crude oil and refined products terminals and storage facilities in the western, and southwest and midwestern U.S.

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