Andeavor (ANDV) Upgraded at Zacks Investment Research
Andeavor (NASDAQ:ANDV) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday. The brokerage currently has a $119.00 target price on the stock. Zacks Investment Research‘s target price indicates a potential upside of 11.92% from the company’s current price.
According to Zacks, “Andeavor Corp engages in the refining and marketing of petroleum products. The company’s operating segments consists of Refining, Logistics and Marketing. Refining segment refines crude oil and other feed stocks into transportation fuels, such as gasoline and gasoline blend stocks, jet fuel and diesel fuel, as well as other products, including heavy fuel oils, liquefied petroleum gas and petroleum coke for sale in bulk markets. Logistics segment includes crude oil and natural gas gathering assets, natural gas and natural gas liquid processing assets and crude oil and refined products terminalling, transportation and storage assets. Marketing segment sells transportation fuels through branded and unbranded channels. Its brand portfolio includes ARCO, Shell, Exxon, Mobil, USA Gasoline, Rebel and Tesoro. Andeavor Corp, formerly known as Tesoro Corporation, is headquartered in San Antonio, Texas. “
A number of other equities analysts have also recently commented on the company. BidaskClub upgraded Andeavor from a “hold” rating to a “buy” rating in a report on Thursday, August 31st. Barclays PLC lifted their price target on Andeavor from $118.00 to $121.00 and gave the stock an “overweight” rating in a report on Tuesday. Morgan Stanley started coverage on Andeavor in a report on Wednesday, August 2nd. They set an “overweight” rating for the company. Scotiabank cut Andeavor from an “outperform” rating to a “sector perform” rating and lifted their price target for the stock from $103.00 to $112.00 in a report on Saturday, September 30th. Finally, Cowen and Company reiterated a “buy” rating and set a $120.00 price target on shares of Andeavor in a report on Thursday, September 28th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Andeavor currently has a consensus rating of “Buy” and a consensus price target of $116.80.
Andeavor (NASDAQ ANDV) traded down 0.31% during trading on Tuesday, hitting $106.33. The company had a trading volume of 1,125,265 shares. The stock has a 50-day moving average of $101.51 and a 200-day moving average of $91.56. Andeavor has a one year low of $75.11 and a one year high of $107.71. The stock has a market capitalization of $17.01 billion and a PE ratio of 17.78.
A hedge fund recently bought a new stake in Andeavor stock. Fulton Bank N.A. acquired a new position in shares of Andeavor (NASDAQ:ANDV) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,731 shares of the company’s stock, valued at approximately $281,000.
Andeavor, formerly Tesoro Corporation, is an independent petroleum refining, logistics and marketing company. he Company operates through three segments. The Refining operating segment refines crude oil and other feedstocks into transportation fuels, such as gasoline and gasoline blendstocks, jet fuel and diesel fuel, as well as other products, including heavy fuel oils, liquefied petroleum gas and petroleum coke for sale in bulk markets to a range of customers within its markets.
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