Andeavor (ANDV) Stock Rating Lowered by JPMorgan Chase

JPMorgan Chase lowered shares of Andeavor (NYSE:ANDV) from an overweight rating to a neutral rating in a research report report published on Monday, MarketBeat.com reports. The brokerage currently has $131.00 target price on the oil and gas company’s stock, down from their prior target price of $144.06.

ANDV has been the topic of a number of other reports. Credit Suisse Group reissued an outperform rating and issued a $148.00 price objective on shares of Andeavor in a research report on Wednesday, March 7th. Royal Bank of Canada reissued a hold rating and issued a $112.00 price objective on shares of Andeavor in a research report on Friday, February 23rd. ValuEngine raised shares of Andeavor from a hold rating to a buy rating in a research report on Friday, March 2nd. Zacks Investment Research downgraded shares of Andeavor from a buy rating to a hold rating in a research report on Friday, February 23rd. Finally, Wells Fargo reissued an outperform rating and issued a $162.00 price objective on shares of Andeavor in a research report on Thursday, March 15th. They noted that the move was a valuation call. Eight research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $125.97.

Shares of ANDV opened at $146.81 on Monday. Andeavor has a fifty-two week low of $139.27 and a fifty-two week high of $141.40. The company has a market cap of $21.34 billion, a P/E ratio of 22.69, a price-to-earnings-growth ratio of 1.56 and a beta of 1.35. The company has a current ratio of 1.41, a quick ratio of 0.64 and a debt-to-equity ratio of 0.64.

Andeavor (NYSE:ANDV) last announced its earnings results on Thursday, February 15th. The oil and gas company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $1.18 by ($0.81). Andeavor had a return on equity of 6.51% and a net margin of 4.27%. The business had revenue of $10.65 billion for the quarter, compared to analysts’ expectations of $10.79 billion. research analysts forecast that Andeavor will post 9.07 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Thursday, May 31st will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Wednesday, May 30th. Andeavor’s payout ratio is 36.48%.

In other news, VP Blane W. Peery sold 1,012 shares of the company’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $89.64, for a total value of $90,715.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeff A. Stevens sold 50,000 shares of the stock in a transaction on Tuesday, April 17th. The stock was sold at an average price of $115.77, for a total transaction of $5,788,500.00. Following the sale, the director now owns 1,371,574 shares of the company’s stock, valued at approximately $158,787,121.98. The disclosure for this sale can be found here. In the last 90 days, insiders sold 916,795 shares of company stock valued at $113,832,138. Company insiders own 7.00% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Fulton Bank N.A. boosted its stake in Andeavor by 15.1% during the 1st quarter. Fulton Bank N.A. now owns 3,098 shares of the oil and gas company’s stock worth $312,000 after purchasing an additional 407 shares during the period. Commerzbank Aktiengesellschaft FI boosted its stake in Andeavor by 0.7% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 64,661 shares of the oil and gas company’s stock worth $7,393,000 after purchasing an additional 445 shares during the period. Nisa Investment Advisors LLC boosted its stake in Andeavor by 0.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 71,194 shares of the oil and gas company’s stock worth $8,140,000 after purchasing an additional 483 shares during the period. Ffcm LLC boosted its stake in Andeavor by 257.6% during the 1st quarter. Ffcm LLC now owns 819 shares of the oil and gas company’s stock worth $114,000 after purchasing an additional 590 shares during the period. Finally, CAMG Solamere Management LLC boosted its stake in Andeavor by 33.8% during the 1st quarter. CAMG Solamere Management LLC now owns 2,556 shares of the oil and gas company’s stock worth $259,000 after purchasing an additional 646 shares during the period. Hedge funds and other institutional investors own 79.27% of the company’s stock.

About Andeavor

Andeavor, through its subsidiaries, operates as an independent petroleum refining, logistics, and marketing company in the United States. The company operates in three segments: Marketing, Logistics, and Refining. The Marketing segment sells gasoline and diesel fuel through retail, branded, and unbranded channels.

Analyst Recommendations for Andeavor (NYSE:ANDV)

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