Parametric Portfolio Associates LLC Takes $62.87 Million Position in Andeavor (ANDV)
Parametric Portfolio Associates LLC purchased a new stake in shares of Andeavor (NYSE:ANDV) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 609,515 shares of the oil and gas company’s stock, valued at approximately $62,871,000. Parametric Portfolio Associates LLC owned about 0.39% of Andeavor as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC raised its stake in Andeavor by 4.9% during the second quarter. Janney Montgomery Scott LLC now owns 3,949 shares of the oil and gas company’s stock worth $370,000 after buying an additional 186 shares during the last quarter. Global X Management Co. LLC raised its stake in Andeavor by 16.2% during the second quarter. Global X Management Co. LLC now owns 3,511 shares of the oil and gas company’s stock worth $329,000 after buying an additional 490 shares during the last quarter. Sun Life Financial INC bought a new position in Andeavor during the third quarter worth $110,000. Bollard Group LLC bought a new position in Andeavor during the third quarter worth $123,000. Finally, Edge Wealth Management LLC bought a new position in Andeavor during the third quarter worth $128,000. 78.85% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages recently weighed in on ANDV. Evercore ISI raised shares of Andeavor to a “buy” rating and set a $128.00 target price for the company in a research note on Thursday, November 2nd. Zacks Investment Research downgraded shares of Andeavor from a “buy” rating to a “hold” rating in a research note on Thursday, October 19th. ValuEngine downgraded shares of Andeavor from a “buy” rating to a “hold” rating in a research note on Wednesday, November 22nd. Wells Fargo & Company lifted their target price on shares of Andeavor to $141.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 6th. Finally, BidaskClub raised shares of Andeavor from a “hold” rating to a “buy” rating in a research note on Thursday, August 31st. Seven research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Andeavor has an average rating of “Buy” and a consensus target price of $118.68.
Shares of Andeavor (ANDV) opened at $111.95 on Tuesday. Andeavor has a 52 week low of $75.11 and a 52 week high of $112.48. The company has a quick ratio of 0.62, a current ratio of 1.47 and a debt-to-equity ratio of 0.61. The firm has a market cap of $17,401.50, a price-to-earnings ratio of 21.62, a price-to-earnings-growth ratio of 0.83 and a beta of 1.55.
The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Thursday, November 30th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend was Wednesday, November 29th. Andeavor’s dividend payout ratio (DPR) is currently 47.87%.
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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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