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.
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.
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.
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