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.

In other news, Director Michael E. Wiley sold 700 shares of Andeavor stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $106.24, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul L. Foster sold 45,000 shares of Andeavor stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $108.33, for a total transaction of $4,874,850.00. Following the transaction, the director now owns 1,447,567 shares of the company’s stock, valued at $156,814,933.11. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 54,700 shares of company stock valued at $5,881,618. Insiders own 0.86% of the company’s stock.

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 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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Institutional Ownership by Quarter for Andeavor (NYSE:ANDV)

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