Shell Asset Management Co. Sells 12,317 Shares of Andeavor (ANDV)

Shell Asset Management Co. lessened its holdings in shares of Andeavor (NYSE:ANDV) by 40.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,849 shares of the oil and gas company’s stock after selling 12,317 shares during the period. Shell Asset Management Co.’s holdings in Andeavor were worth $2,740,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Credit Suisse AG increased its holdings in Andeavor by 55.9% in the third quarter. Credit Suisse AG now owns 303,667 shares of the oil and gas company’s stock valued at $46,613,000 after buying an additional 108,920 shares in the last quarter. Alpine Associates Management Inc. grew its position in shares of Andeavor by 2.2% in the third quarter. Alpine Associates Management Inc. now owns 1,193,021 shares of the oil and gas company’s stock valued at $178,824,000 after purchasing an additional 25,221 shares during the period. Sustainable Insight Capital Management LLC acquired a new stake in shares of Andeavor in the third quarter valued at about $280,000. Kellner Capital LLC acquired a new stake in shares of Andeavor in the third quarter valued at about $17,414,000. Finally, Ffcm LLC acquired a new stake in shares of Andeavor in the third quarter valued at about $784,000. 77.65% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Paul L. Foster sold 52,800 shares of Andeavor stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $155.74, for a total value of $8,223,072.00. Following the sale, the director now owns 1,255,452 shares in the company, valued at $195,524,094.48. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 7.00% of the stock is owned by company insiders.

Several brokerages have recently issued reports on ANDV. Citigroup lifted their target price on shares of Andeavor from $148.00 to $155.00 and gave the company a “hold” rating in a research report on Friday, September 7th. Royal Bank of Canada lifted their target price on shares of Andeavor to $151.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 14th. They noted that the move was a valuation call. Ten research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $147.73.

Shares of NYSE ANDV opened at $153.50 on Friday. Andeavor has a 52-week low of $89.58 and a 52-week high of $163.19.

ILLEGAL ACTIVITY NOTICE: “Shell Asset Management Co. Sells 12,317 Shares of Andeavor (ANDV)” was originally published by Community Financial News and is owned by of Community Financial News. If you are accessing this report on another website, it was illegally copied and republished in violation of United States & international copyright & trademark legislation. The correct version of this report can be accessed at https://www.com-unik.info/2018/12/01/shell-asset-management-co-sells-12317-shares-of-andeavor-andv.html.

Andeavor Profile

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.

Further Reading: Penny Stocks

Institutional Ownership by Quarter for Andeavor (NYSE:ANDV)

Receive News & Ratings for Andeavor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Andeavor and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit