Andeavor Logistics (ANDX) Shares Down 6.6% After Insider Selling

Andeavor Logistics LP (NYSE:ANDX) dropped 6.6% on Tuesday following insider selling activity. The company traded as low as $35.36 and last traded at $35.41. Approximately 1,276,189 shares traded hands during trading, an increase of 102% from the average daily volume of 631,525 shares. The stock had previously closed at $37.90.

Specifically, Director Jeff A. Stevens sold 25,000 shares of the stock in a transaction on Thursday, November 29th. The stock was sold at an average price of $38.44, for a total value of $961,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.15% of the company’s stock.

ANDX has been the subject of several research analyst reports. Credit Suisse Group initiated coverage on Andeavor Logistics in a research report on Thursday, October 11th. They set an “underperform” rating and a $46.00 target price for the company. SunTrust Banks lowered Andeavor Logistics from a “buy” rating to a “hold” rating and decreased their target price for the company from $52.00 to $41.00 in a research report on Tuesday, November 13th. Morgan Stanley raised their target price on Andeavor Logistics from $46.00 to $50.00 and gave the company a “hold” rating in a research report on Friday, August 24th. Wells Fargo & Co raised their target price on Andeavor Logistics from $45.00 to $47.00 and gave the company a “hold” rating in a research report on Thursday, August 9th. Finally, TheStreet lowered Andeavor Logistics from a “b” rating to a “c+” rating in a research report on Tuesday, November 13th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $50.56.

The firm has a market capitalization of $9.16 billion, a price-to-earnings ratio of 14.11, a PEG ratio of 1.52 and a beta of 1.65. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 1.01.

Andeavor Logistics (NYSE:ANDX) last announced its quarterly earnings data on Wednesday, November 7th. The oil and gas company reported $0.68 earnings per share for the quarter, hitting the consensus estimate of $0.68. Andeavor Logistics had a return on equity of 17.51% and a net margin of 17.74%. The company had revenue of $843.00 million during the quarter, compared to analyst estimates of $571.56 million. During the same quarter last year, the firm posted $0.90 EPS. The firm’s revenue for the quarter was up 44.1% on a year-over-year basis. On average, analysts anticipate that Andeavor Logistics LP will post 2.64 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 14th. Investors of record on Monday, November 5th were issued a $1.03 dividend. The ex-dividend date was Friday, November 2nd. This represents a $4.12 annualized dividend and a yield of 11.64%. This is a positive change from Andeavor Logistics’s previous quarterly dividend of $0.97. Andeavor Logistics’s dividend payout ratio (DPR) is 164.14%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Clearbridge Investments LLC boosted its stake in Andeavor Logistics by 1.1% in the 3rd quarter. Clearbridge Investments LLC now owns 2,188,602 shares of the oil and gas company’s stock worth $106,279,000 after purchasing an additional 23,390 shares during the period. Diversified Trust Co boosted its stake in Andeavor Logistics by 25.9% in the 3rd quarter. Diversified Trust Co now owns 25,993 shares of the oil and gas company’s stock worth $1,262,000 after purchasing an additional 5,341 shares during the period. MetLife Investment Advisors LLC bought a new position in Andeavor Logistics in the 3rd quarter worth about $7,597,000. Virtus Alternative Investment Advisers Inc. bought a new position in Andeavor Logistics in the 3rd quarter worth about $8,543,000. Finally, Virtus ETF Advisers LLC bought a new position in Andeavor Logistics in the 3rd quarter worth about $34,442,000. 33.22% of the stock is owned by institutional investors.

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Andeavor Logistics Company Profile (NYSE:ANDX)

Andeavor Logistics LP operates as a diversified midstream company in the United States. The Terminalling and Transportation segment comprises the Northwest Products Pipeline, including a regulated common carrier products pipeline running from Salt Lake City, Utah to Spokane, Washington and a jet fuel pipeline to the Salt Lake City International Airport; a regulated common carrier refined products pipeline system connecting its refinery to its terminals in Anchorage, Alaska; tankage and related equipment at the refinery; and crude oil and refined products terminals and storage facilities in the western, and southwest and midwestern U.S.

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