Conning Inc. acquired a new position in shares of Andeavor (NASDAQ:ANDV) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 3,301 shares of the company’s stock, valued at approximately $340,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Bollard Group LLC purchased a new stake in Andeavor during the third quarter worth approximately $123,000. Edge Wealth Management LLC purchased a new position in shares of Andeavor in the third quarter valued at $128,000. TCI Wealth Advisors Inc. purchased a new position in shares of Andeavor in the third quarter valued at $191,000. Calamos Advisors LLC purchased a new position in shares of Andeavor in the third quarter valued at $211,000. Finally, Intact Investment Management Inc. purchased a new position in shares of Andeavor in the third quarter valued at $227,000.
ANDV has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Andeavor from a “hold” rating to a “buy” rating and set a $119.00 target price for the company in a research note on Tuesday, October 10th. Cowen and Company restated a “buy” rating and issued a $120.00 target price on shares of Andeavor in a research note on Thursday, September 28th. BidaskClub upgraded shares of Andeavor from a “hold” rating to a “buy” rating in a research note on Saturday, October 7th. Jefferies Group LLC downgraded shares of Andeavor from a “buy” rating to a “hold” rating in a research note on Monday, October 16th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $101.00 target price on shares of Andeavor in a research note on Friday, October 13th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $116.00.
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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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