Bank of Nova Scotia reduced its stake in shares of Andeavor (NYSE:ANDV) by 7.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,338 shares of the oil and gas company’s stock after selling 1,783 shares during the period. Bank of Nova Scotia’s holdings in Andeavor were worth $2,799,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of ANDV. Ostrum Asset Management purchased a new stake in Andeavor in the 1st quarter worth approximately $123,000. CIBC Private Wealth Group LLC grew its stake in Andeavor by 114.5% in the 2nd quarter. CIBC Private Wealth Group LLC now owns 1,255 shares of the oil and gas company’s stock worth $165,000 after acquiring an additional 670 shares during the period. Parallel Advisors LLC grew its stake in Andeavor by 719.9% in the 2nd quarter. Parallel Advisors LLC now owns 1,320 shares of the oil and gas company’s stock worth $173,000 after acquiring an additional 1,159 shares during the period. Ropes Wealth Advisors LLC grew its stake in Andeavor by 118.7% in the 2nd quarter. Ropes Wealth Advisors LLC now owns 1,428 shares of the oil and gas company’s stock worth $187,000 after acquiring an additional 775 shares during the period. Finally, Visionary Asset Management Inc. purchased a new stake in Andeavor in the 2nd quarter worth approximately $210,000. Hedge funds and other institutional investors own 77.65% of the company’s stock.

In other news, VP Stephan E. Tompsett sold 490 shares of the business’s stock in a transaction on Thursday, August 9th. The shares were sold at an average price of $151.65, for a total transaction of $74,308.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Keith M. Casey sold 24,571 shares of the business’s stock in a transaction on Monday, August 13th. The shares were sold at an average price of $151.11, for a total transaction of $3,712,923.81. Following the sale, the executive vice president now directly owns 65,499 shares of the company’s stock, valued at $9,897,553.89. The disclosure for this sale can be found here. Insiders have sold a total of 260,141 shares of company stock valued at $38,017,662 over the last three months. Corporate insiders own 7.00% of the company’s stock.

Several analysts have commented on the stock. Citigroup lifted their target price on shares of Andeavor from $148.00 to $155.00 and gave the stock a “hold” rating in a research note on Friday, September 7th. Mizuho assumed coverage on shares of Andeavor in a research note on Thursday, August 2nd. They issued a “neutral” rating and a $158.00 target price for the company. ValuEngine cut shares of Andeavor from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 1st. Royal Bank of Canada lifted their target price on shares of Andeavor to $151.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 14th. They noted that the move was a valuation call. Finally, US Capital Advisors cut shares of Andeavor from a “buy” rating to a “hold” rating in a research note on Friday, June 29th. Twelve research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Andeavor presently has a consensus rating of “Hold” and a consensus target price of $138.75.

Shares of NYSE ANDV opened at $158.87 on Tuesday. Andeavor has a 52-week low of $89.58 and a 52-week high of $159.90. The firm has a market cap of $23.38 billion, a PE ratio of 24.55, a P/E/G ratio of 1.76 and a beta of 1.15. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.42 and a quick ratio of 0.69.

Andeavor (NYSE:ANDV) last announced its quarterly earnings data on Monday, August 6th. The oil and gas company reported $3.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.96 by $0.58. Andeavor had a net margin of 4.91% and a return on equity of 8.52%. The company had revenue of $12.47 billion during the quarter, compared to analysts’ expectations of $12.36 billion. sell-side analysts expect that Andeavor will post 8.77 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 14th. Stockholders of record on Friday, August 31st were paid a dividend of $0.59 per share. The ex-dividend date was Thursday, August 30th. This represents a $2.36 annualized dividend and a dividend yield of 1.49%. Andeavor’s dividend payout ratio is presently 36.48%.

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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Institutional Ownership by Quarter for Andeavor (NYSE:ANDV)

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