Andeavor (ANDV) Lowered to “Hold” at ValuEngine

ValuEngine lowered shares of Andeavor (NYSE:ANDV) from a buy rating to a hold rating in a research report report published on Wednesday morning.

Other research analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Andeavor from a hold rating to a buy rating and set a $119.00 target price on the stock in a research report on Tuesday, October 10th. BidaskClub upgraded Andeavor from a hold rating to a buy rating in a research report on Saturday, October 7th. Cowen restated a buy rating and set a $120.00 price target on shares of Andeavor in a report on Thursday, September 28th. Evercore ISI upgraded Andeavor to a buy rating and set a $128.00 price target on the stock in a report on Thursday, November 2nd. Finally, J P Morgan Chase & Co restated a buy rating and set a $121.00 price target on shares of Andeavor in a report on Friday, November 3rd. Eight analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $118.68.

Andeavor (NYSE:ANDV) traded up $0.55 during trading on Wednesday, reaching $110.93. The company’s stock had a trading volume of 1,576,800 shares, compared to its average volume of 1,938,906. Andeavor has a 1 year low of $75.11 and a 1 year high of $112.48. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.62 and a current ratio of 1.47. The company has a market capitalization of $17,218.98, a PE ratio of 21.39, a PEG ratio of 0.82 and a beta of 1.55.

The firm 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 2.13%. The ex-dividend date of this dividend was Wednesday, November 29th. Andeavor’s dividend payout ratio (DPR) is presently 47.87%.

In related news, Director Michael E. Wiley sold 700 shares of the company’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $106.24, for a total transaction of $74,368.00. Following the completion of the sale, the director now 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 is available at this link. Also, EVP Keith M. Casey sold 9,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $103.60, for a total value of $932,400.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 79,700 shares of company stock worth $8,662,618. Insiders own 0.86% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Boston Partners purchased a new position in shares of Andeavor during the 3rd quarter valued at $773,141,000. Bank of New York Mellon Corp purchased a new position in shares of Andeavor during the 3rd quarter valued at $403,103,000. Dimensional Fund Advisors LP purchased a new position in shares of Andeavor during the 3rd quarter valued at $333,346,000. Hotchkis & Wiley Capital Management LLC purchased a new position in shares of Andeavor during the 3rd quarter valued at $214,005,000. Finally, Prudential Financial Inc. purchased a new position in shares of Andeavor during the 3rd quarter valued at $150,513,000. Institutional investors and hedge funds own 78.85% of the company’s stock.

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About Andeavor

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.

Analyst Recommendations for Andeavor (NYSE:ANDV)

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