Andeavor Logistics LP (ANDX) Upgraded to Sell by BidaskClub
BidaskClub upgraded shares of Andeavor Logistics LP (NASDAQ:ANDX) from a strong sell rating to a sell rating in a research report report published on Tuesday morning.
Several other research firms have also commented on ANDX. Mizuho reaffirmed a hold rating and issued a $56.00 price target on shares of Andeavor Logistics in a report on Friday, October 20th. Scotiabank reaffirmed a buy rating and issued a $59.00 price target on shares of Andeavor Logistics in a report on Thursday, August 17th. Zacks Investment Research raised shares of Andeavor Logistics from a strong sell rating to a hold rating in a report on Tuesday, August 22nd. Barclays PLC reaffirmed an overweight rating and issued a $62.00 price target (down from $65.00) on shares of Andeavor Logistics in a report on Thursday, August 10th. Finally, Bank of America Corporation decreased their price target on shares of Andeavor Logistics from $58.00 to $55.00 and set a buy rating for the company in a report on Wednesday, August 16th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $58.00.
Shares of Andeavor Logistics (NASDAQ:ANDX) opened at $46.03 on Tuesday. Andeavor Logistics has a 1 year low of $43.21 and a 1 year high of $60.14.
Andeavor Logistics (NASDAQ:ANDX) last released its earnings results on Wednesday, November 8th. The company reported $0.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.22. Andeavor Logistics had a net margin of 26.63% and a return on equity of 15.11%. The company had revenue of $444.00 million during the quarter, compared to the consensus estimate of $414.69 million. During the same quarter in the previous year, the firm earned $0.46 EPS. The company’s revenue was up 44.2% on a year-over-year basis.
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The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Stockholders of record on Friday, November 3rd will be issued a $0.9852 dividend. This represents a $3.94 annualized dividend and a dividend yield of 8.56%. The ex-dividend date is Thursday, November 2nd.
In other news, insider Steven Sterin bought 1,000 shares of Andeavor Logistics stock in a transaction on Friday, August 25th. The stock was purchased at an average cost of $47.86 per share, with a total value of $47,860.00. Following the purchase, the insider now directly owns 7,338 shares of the company’s stock, valued at approximately $351,196.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Institutional investors have recently bought and sold shares of the business. IndexIQ Advisors LLC acquired a new position in Andeavor Logistics during the 3rd quarter valued at about $103,000. Ffcm LLC acquired a new position in Andeavor Logistics during the 3rd quarter valued at about $110,000. Penserra Capital Management LLC acquired a new position in Andeavor Logistics during the 3rd quarter valued at about $131,000. First Manhattan Co. acquired a new position in Andeavor Logistics during the 3rd quarter valued at about $150,000. Finally, Cedar Wealth Management LLC acquired a new position in Andeavor Logistics during the 3rd quarter valued at about $169,000.
Andeavor Logistics Company Profile
Andeavor Logistics LP, formerly Tesoro Logistics LP, is a full-service logistics company operating in the western and mid-continent regions of the United States. The Company operates through three segments. Its Gathering segment consists of crude oil, natural gas and produced water gathering systems in the Bakken Region and Rockies Region.
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