Citigroup Reaffirms Neutral Rating for Andeavor (ANDV)
Andeavor (NYSE:ANDV)‘s stock had its “neutral” rating reaffirmed by stock analysts at Citigroup in a research report issued on Monday, Marketbeat reports.
Several other research firms have also recently issued reports on ANDV. Barclays reiterated a “buy” rating and issued a $162.00 price target on shares of Andeavor in a report on Wednesday, January 10th. Credit Suisse Group assumed coverage on Andeavor in a report on Wednesday, January 3rd. They issued an “outperform” rating and a $142.00 price target on the stock. BidaskClub upgraded Andeavor from a “hold” rating to a “buy” rating in a report on Tuesday, November 7th. ValuEngine cut Andeavor from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. Finally, Wells Fargo & Co raised their price target on Andeavor to $141.00 and gave the company an “outperform” rating in a report on Wednesday, December 6th. Seven equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $123.74.
Andeavor (NYSE:ANDV) traded down $1.45 during trading on Monday, reaching $115.12. The company had a trading volume of 1,582,830 shares, compared to its average volume of 1,301,668. The company has a market capitalization of $17,960.00, a PE ratio of 23.59, a price-to-earnings-growth ratio of 1.18 and a beta of 1.55. Andeavor has a fifty-two week low of $75.11 and a fifty-two week high of $121.71. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.62 and a current ratio of 1.47.
In other Andeavor news, Director Michael E. Wiley sold 700 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $106.24, for a total value of $74,368.00. Following the completion of the transaction, the director now directly owns 41,850 shares in the company, valued at $4,446,144. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Paul L. Foster sold 51,700 shares of the firm’s stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $120.97, for a total value of $6,254,149.00. The disclosure for this sale can be found here. In the last three months, insiders sold 220,888 shares of company stock worth $25,052,384. 0.86% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of ANDV. Boston Partners bought a new position in shares of Andeavor during the 3rd quarter worth approximately $773,141,000. Bank of New York Mellon Corp acquired a new stake in Andeavor during the 3rd quarter worth approximately $403,103,000. Dimensional Fund Advisors LP acquired a new stake in Andeavor during the 3rd quarter worth approximately $333,346,000. Hotchkis & Wiley Capital Management LLC acquired a new stake in Andeavor during the 3rd quarter worth approximately $214,005,000. Finally, Prudential Financial Inc. acquired a new stake in Andeavor during the 3rd quarter worth approximately $150,513,000. Institutional investors own 78.92% of the company’s stock.
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Andeavor Company Profile
Andeavor, formerly Tesoro Corporation, is an independent petroleum refining, logistics and marketing company. he Company operates through three segments. The Refining operating segment refines crude oil and other feedstocks into transportation fuels, such as gasoline and gasoline blendstocks, jet fuel and diesel fuel, as well as other products, including heavy fuel oils, liquefied petroleum gas and petroleum coke for sale in bulk markets to a range of customers within its markets.
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