Vertex One Asset Management Inc. decreased its position in Andeavor (NYSE:ANDV) by 64.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,628 shares of the oil and gas company’s stock after selling 63,872 shares during the quarter. Vertex One Asset Management Inc.’s holdings in Andeavor were worth $5,190,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Advisory Services Network LLC lifted its stake in Andeavor by 137.2% in the 3rd quarter. Advisory Services Network LLC now owns 702 shares of the oil and gas company’s stock worth $107,000 after acquiring an additional 406 shares in the last quarter. Cerebellum GP LLC purchased a new stake in Andeavor in the 3rd quarter worth about $184,000. CIBC Private Wealth Group LLC lifted its stake in Andeavor by 114.5% in the 2nd quarter. CIBC Private Wealth Group LLC now owns 1,255 shares of the oil and gas company’s stock worth $165,000 after acquiring an additional 670 shares in the last quarter. Alerus Financial NA purchased a new stake in Andeavor in the 3rd quarter worth about $204,000. Finally, Brighton Jones LLC purchased a new stake in Andeavor in the 3rd quarter worth about $211,000. Institutional investors and hedge funds own 77.65% of the company’s stock.
ANDV stock remained flat at $$153.50 during mid-day trading on Monday. Andeavor has a 52-week low of $89.58 and a 52-week high of $163.19.
Several equities research analysts recently issued reports on the company. Royal Bank of Canada increased their price objective on Andeavor to $151.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 14th. They noted that the move was a valuation call. Citigroup increased their price objective on Andeavor from $148.00 to $155.00 and gave the stock a “hold” rating in a research note on Friday, September 7th. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $147.73.
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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