Analysts at Bank of America started coverage on shares of Andeavor Logistics (NYSE:ANDX) in a research report issued on Tuesday, The Fly reports. The brokerage set a “buy” rating on the oil and gas company’s stock.
Several other equities research analysts also recently weighed in on ANDX. BidaskClub downgraded shares of Andeavor Logistics from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. Zacks Investment Research downgraded shares of Andeavor Logistics from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. Mizuho reissued a “hold” rating and issued a $56.00 price target on shares of Andeavor Logistics in a report on Friday, October 20th. Barclays cut their price target on shares of Andeavor Logistics from $57.00 to $55.00 and set an “overweight” rating for the company in a report on Friday, November 10th. Finally, SunTrust Banks reissued a “buy” rating and issued a $62.00 price target on shares of Andeavor Logistics in a report on Friday, November 10th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. Andeavor Logistics presently has an average rating of “Hold” and a consensus target price of $53.50.
Andeavor Logistics (ANDX) traded up $1.49 during mid-day trading on Tuesday, reaching $52.83. 648,800 shares of the company traded hands, compared to its average volume of 490,871. The firm has a market capitalization of $11,100.00, a P/E ratio of 22.20, a P/E/G ratio of 3.22 and a beta of 1.11. Andeavor Logistics has a 1-year low of $42.18 and a 1-year high of $60.14. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.15.
In other news, insider Steven Sterin acquired 1,400 shares of Andeavor Logistics stock in a transaction on Friday, December 1st. The stock was bought at an average cost of $45.53 per share, with a total value of $63,742.00. Following the completion of the purchase, the insider now owns 9,714 shares of the company’s stock, valued at $442,278.42. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jeff A. Stevens acquired 1,144 shares of Andeavor Logistics stock in a transaction on Monday, December 4th. The shares were purchased at an average cost of $46.75 per share, with a total value of $53,482.00. Following the completion of the purchase, the director now directly owns 2,229 shares of the company’s stock, valued at approximately $104,205.75. The disclosure for this purchase can be found here. 0.15% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the business. IndexIQ Advisors LLC purchased a new stake in Andeavor Logistics during the third quarter valued at about $103,000. Ffcm LLC purchased a new stake in Andeavor Logistics during the third quarter valued at about $110,000. Penserra Capital Management LLC purchased a new stake in Andeavor Logistics during the third quarter valued at about $131,000. Barnett & Company Inc. purchased a new stake in Andeavor Logistics during the third quarter valued at about $136,000. Finally, First Manhattan Co. purchased a new stake in Andeavor Logistics during the third quarter valued at about $150,000. 34.86% of the stock is owned by institutional investors.
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Andeavor Logistics Company Profile
Andeavor Logistics LP, formerly Tesoro Logistics LP, is a full-service logistics company operating in the western and mid-continent regions of the United States. The Company operates through three segments. Its Gathering segment consists of crude oil, natural gas and produced water gathering systems in the Bakken Region and Rockies Region.
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