Miller Howard Investments Inc. NY bought a new stake in Andeavor Logistics LP (NASDAQ:ANDX) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 683,613 shares of the company’s stock, valued at approximately $34,222,000. Miller Howard Investments Inc. NY owned about 0.63% of Andeavor Logistics as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. BB&T Corp acquired a new position in Andeavor Logistics in the 3rd quarter valued at about $501,000. Parkside Financial Bank & Trust acquired a new position in Andeavor Logistics in the 3rd quarter valued at about $1,479,000. State of New Jersey Common Pension Fund D acquired a new position in Andeavor Logistics in the 3rd quarter valued at about $8,280,000. Duff & Phelps Investment Management Co. acquired a new position in Andeavor Logistics in the 3rd quarter valued at about $24,046,000. Finally, Cedar Wealth Management LLC acquired a new position in Andeavor Logistics in the 3rd quarter valued at about $169,000.

In related news, insider Steven Sterin bought 3,500 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was bought at an average price of $47.40 per share, with a total value of $165,900.00. Following the purchase, the insider now directly owns 4,714 shares of the company’s stock, valued at approximately $223,443.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Several equities analysts have issued reports on the company. Barclays PLC reiterated an “overweight” rating and set a $62.00 target price (down previously from $65.00) on shares of Andeavor Logistics in a research report on Thursday, August 10th. BidaskClub upgraded Andeavor Logistics from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Credit Suisse Group boosted their target price on Andeavor Logistics from $59.00 to $63.00 and gave the stock a “neutral” rating in a research report on Friday, August 11th. Zacks Investment Research upgraded Andeavor Logistics from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. Finally, Scotiabank reiterated a “buy” rating and set a $59.00 target price on shares of Andeavor Logistics in a research report on Thursday, August 17th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Andeavor Logistics presently has a consensus rating of “Hold” and a consensus price target of $59.17.

Andeavor Logistics (NASDAQ:ANDX) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.01). Andeavor Logistics had a return on equity of 15.11% and a net margin of 26.63%. The firm had revenue of $413.00 million for the quarter, compared to analysts’ expectations of $441.69 million.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Friday, November 3rd will be paid a dividend of $0.9852 per share. This represents a $3.94 dividend on an annualized basis and a dividend yield of Infinity. The ex-dividend date of this dividend is Thursday, November 2nd.

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Andeavor Logistics 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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Institutional Ownership by Quarter for Andeavor Logistics (NASDAQ:ANDX)

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