Andeavor (ANDV) Reaches New 1-Year High at $117.07

Shares of Andeavor (NYSE:ANDV) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $117.07 and last traded at $116.04, with a volume of 1041700 shares trading hands. The stock had previously closed at $115.99.

A number of brokerages have issued reports on ANDV. Barclays reiterated a “buy” rating and issued a $162.00 price target on shares of Andeavor in a report on Wednesday. BidaskClub downgraded shares of Andeavor from a “buy” rating to a “hold” rating in a report on Thursday, September 28th. Howard Weil downgraded shares of Andeavor from a “sector outperform” rating to a “sector perform” rating and set a $112.00 price target on the stock. in a report on Thursday, September 28th. Cowen reiterated a “buy” rating and issued a $120.00 price target on shares of Andeavor in a report on Thursday, September 28th. Finally, ValuEngine downgraded shares of Andeavor from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. Seven equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Andeavor presently has a consensus rating of “Buy” and an average price target of $121.32.

The company has a debt-to-equity ratio of 0.61, a current ratio of 1.47 and a quick ratio of 0.62. The stock has a market capitalization of $18,170.00, a P/E ratio of 23.87, a P/E/G ratio of 0.69 and a beta of 1.55.

The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Thursday, November 30th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.03%. Andeavor’s dividend payout ratio is presently 48.36%.

In related news, Director Paul L. Foster sold 51,510 shares of Andeavor stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $110.54, for a total transaction of $5,693,915.40. Following the completion of the transaction, the director now directly owns 1,436,847 shares of the company’s stock, valued at approximately $158,829,067.38. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Paul L. Foster sold 5,478 shares of Andeavor stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $116.27, for a total transaction of $636,927.06. Following the transaction, the director now directly owns 1,422,847 shares of the company’s stock, valued at $165,434,420.69. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 136,688 shares of company stock valued at $14,993,460. 0.86% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the stock. PGGM Investments purchased a new stake in Andeavor in the 3rd quarter valued at about $3,007,000. Mutual of America Capital Management LLC purchased a new stake in Andeavor in the 3rd quarter valued at about $2,421,000. TCI Wealth Advisors Inc. purchased a new stake in Andeavor in the 3rd quarter valued at about $191,000. Advisors Asset Management Inc. purchased a new stake in Andeavor in the 3rd quarter valued at about $14,622,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in Andeavor in the 3rd quarter valued at about $28,288,000. 78.85% of the stock is owned by hedge funds and other institutional investors.

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Andeavor Company 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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