Quantitative Systematic Strategies LLC Has $893,000 Position in Andeavor (ANDV)
Quantitative Systematic Strategies LLC lessened its holdings in Andeavor (NYSE:ANDV) by 40.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,806 shares of the oil and gas company’s stock after selling 4,529 shares during the period. Quantitative Systematic Strategies LLC’s holdings in Andeavor were worth $893,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Trexquant Investment LP bought a new position in shares of Andeavor during the 2nd quarter valued at approximately $486,000. Arizona State Retirement System grew its position in shares of Andeavor by 7.8% during the 2nd quarter. Arizona State Retirement System now owns 104,611 shares of the oil and gas company’s stock valued at $13,723,000 after acquiring an additional 7,590 shares during the period. SG Americas Securities LLC grew its position in shares of Andeavor by 235.4% during the 2nd quarter. SG Americas Securities LLC now owns 36,237 shares of the oil and gas company’s stock valued at $4,754,000 after acquiring an additional 25,434 shares during the period. United Asset Strategies Inc. grew its position in shares of Andeavor by 8.6% during the 2nd quarter. United Asset Strategies Inc. now owns 7,774 shares of the oil and gas company’s stock valued at $1,020,000 after acquiring an additional 615 shares during the period. Finally, Strs Ohio grew its position in shares of Andeavor by 276.9% during the 2nd quarter. Strs Ohio now owns 265,927 shares of the oil and gas company’s stock valued at $34,884,000 after acquiring an additional 195,377 shares during the period. Institutional investors own 80.00% of the company’s stock.
In other Andeavor news, EVP Keith M. Casey sold 24,571 shares of the stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of $151.11, for a total value of $3,712,923.81. Following the sale, the executive vice president now directly owns 65,499 shares in the company, valued at approximately $9,897,553.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeff A. Stevens sold 16,250 shares of the stock in a transaction that occurred on Tuesday, May 29th. The stock was sold at an average price of $142.71, for a total transaction of $2,319,037.50. Following the completion of the sale, the director now owns 1,048,109 shares in the company, valued at $149,575,635.39. The disclosure for this sale can be found here. Insiders sold a total of 355,311 shares of company stock worth $50,872,862 over the last quarter. Corporate insiders own 7.00% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 14th. Shareholders of record on Friday, August 31st will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 1.63%. The ex-dividend date is Thursday, August 30th. Andeavor’s dividend payout ratio is presently 36.48%.
A number of research firms have recently weighed in on ANDV. ValuEngine raised shares of Andeavor from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 27th. US Capital Advisors downgraded shares of Andeavor from a “buy” rating to a “hold” rating in a report on Friday, June 29th. Mizuho assumed coverage on shares of Andeavor in a report on Thursday, August 2nd. They issued a “neutral” rating and a $158.00 price objective for the company. Citigroup downgraded shares of Andeavor from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $144.08 to $80.46 in a report on Thursday, May 10th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and issued a $145.00 price objective (up from $142.00) on shares of Andeavor in a report on Friday, May 18th. Twelve analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $134.09.
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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