Andeavor Plans Quarterly Dividend of $0.59 (ANDV)
Andeavor (NYSE:ANDV) declared a quarterly dividend on Tuesday, August 7th, Wall Street Journal reports. Stockholders of record on Friday, August 31st will be given a dividend of 0.59 per share by the oil and gas company on Friday, September 14th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend is Thursday, August 30th.
Andeavor has a dividend payout ratio of 26.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Andeavor to earn $11.85 per share next year, which means the company should continue to be able to cover its $2.36 annual dividend with an expected future payout ratio of 19.9%.
NYSE ANDV opened at $155.26 on Friday. Andeavor has a 1-year low of $89.58 and a 1-year high of $155.61. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.69 and a current ratio of 1.42. The firm has a market capitalization of $22.63 billion, a PE ratio of 24.00, a P/E/G ratio of 1.70 and a beta of 1.30.
A number of equities analysts have recently weighed in on the stock. ValuEngine raised shares of Andeavor from a “buy” rating to a “strong-buy” rating in a research note on Friday, April 27th. US Capital Advisors downgraded shares of Andeavor from a “buy” rating to a “hold” rating in a research report on Friday, June 29th. Mizuho initiated coverage on shares of Andeavor in a research report on Thursday, August 2nd. They set a “neutral” rating and a $158.00 target price on the stock. Citigroup downgraded shares of Andeavor from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $144.08 to $80.46 in a research report on Thursday, May 10th. Finally, Credit Suisse Group reissued a “neutral” rating and set a $145.00 target price (up from $142.00) on shares of Andeavor 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 stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $134.09.
In other news, 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 value of $2,319,037.50. Following the sale, the director now directly owns 1,048,109 shares of the company’s stock, valued at $149,575,635.39. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jeff A. Stevens sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, June 6th. The shares were sold at an average price of $146.99, for a total value of $2,939,800.00. Following the completion of the sale, the director now directly owns 1,022,768 shares in the company, valued at $150,336,668.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 355,311 shares of company stock worth $50,872,862. 7.00% of the stock is currently owned by company insiders.
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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