Wall Street analysts forecast that Andeavor (NYSE:ANDV) will post $1.67 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Andeavor’s earnings. The lowest EPS estimate is $1.23 and the highest is $2.44. Andeavor reported earnings of ($0.02) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 8,450%. The business is scheduled to report its next quarterly earnings report on Monday, February 5th.
On average, analysts expect that Andeavor will report full-year earnings of $7.11 per share for the current fiscal year, with EPS estimates ranging from $7.03 to $7.19. For the next fiscal year, analysts anticipate that the firm will post earnings of $8.48 per share, with EPS estimates ranging from $6.80 to $10.48. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Andeavor.
A number of brokerages have issued reports on ANDV. ValuEngine upgraded shares of Andeavor from a “hold” rating to a “buy” rating in a research note on Wednesday, December 6th. Wells Fargo & Company increased their price objective on shares of Andeavor to $141.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 6th. Jefferies Group cut their price objective on shares of Andeavor from $109.00 to $108.00 and set a “hold” rating on the stock in a research note on Monday, November 20th. Piper Jaffray Companies reiterated a “buy” rating and issued a $121.00 price objective on shares of Andeavor in a research note on Friday, November 17th. Finally, UBS increased their price objective on shares of Andeavor from $116.00 to $123.00 and gave the stock a “buy” rating in a research note on Wednesday, November 15th. Seven equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $118.68.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $2.36 annualized dividend and a yield of 2.17%. Andeavor’s dividend payout ratio is presently 47.87%.
In related news, Director Paul L. Foster sold 45,000 shares of the firm’s stock in a transaction on 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 sale, the director now owns 1,447,567 shares in the company, valued at $156,814,933.11. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Keith M. Casey sold 9,000 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $103.60, for a total transaction of $932,400.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 54,700 shares of company stock worth $5,881,618. 0.86% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of ANDV. Sun Life Financial INC purchased a new position in Andeavor during the third quarter valued at $110,000. Bollard Group LLC purchased a new position in Andeavor during the third quarter valued at $123,000. Edge Wealth Management LLC purchased a new position in Andeavor during the third quarter valued at $128,000. Bronfman E.L. Rothschild L.P. purchased a new position in Andeavor during the third quarter valued at $155,000. Finally, Robecosam AG purchased a new position in Andeavor during the third quarter valued at $166,000. 79.24% of the stock is currently owned by institutional investors and hedge funds.
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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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