Credit Suisse Group Initiates Coverage on Andeavor (ANDV)

Equities research analysts at Credit Suisse Group initiated coverage on shares of Andeavor (NYSE:ANDV) in a research report issued on Wednesday, The Fly reports. The brokerage set an “outperform” rating on the oil and gas company’s stock.

Several other analysts have also recently commented on the company. Barclays reaffirmed an “overweight” rating and issued a $121.00 target price (up previously from $118.00) on shares of Andeavor in a research report on Tuesday, October 10th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $107.00 target price (down previously from $109.00) on shares of Andeavor in a research report on Thursday, November 9th. Zacks Investment Research raised Andeavor from a “hold” rating to a “strong-buy” rating and set a $118.00 target price for the company in a research report on Tuesday, September 12th. BidaskClub raised Andeavor from a “hold” rating to a “buy” rating in a research report on Saturday, October 7th. Finally, Wells Fargo & Co raised their target price on Andeavor to $141.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 6th. Seven analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Andeavor presently has a consensus rating of “Buy” and a consensus price target of $118.68.

Shares of Andeavor (ANDV) opened at $114.77 on Wednesday. The firm has a market capitalization of $17,900.00, a price-to-earnings ratio of 23.52, a PEG ratio of 0.68 and a beta of 1.55. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.62 and a current ratio of 1.47. Andeavor has a one year low of $75.11 and a one year high of $116.06.

In other Andeavor news, Director Michael E. Wiley sold 700 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $106.24, for a total transaction of $74,368.00. Following the transaction, the director now directly owns 41,850 shares in the company, valued at $4,446,144. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Jeff A. Stevens sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $111.24, for a total value of $2,781,000.00. Following the transaction, the director now owns 1,529,174 shares in the company, valued at $170,105,315.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 131,210 shares of company stock valued at $14,356,533. 0.86% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. PGGM Investments bought a new position in Andeavor during the third quarter valued at about $3,007,000. Mutual of America Capital Management LLC bought a new position in Andeavor during the third quarter valued at about $2,421,000. TCI Wealth Advisors Inc. bought a new position in Andeavor during the third quarter valued at about $191,000. Advisors Asset Management Inc. bought a new position in Andeavor during the third quarter valued at about $14,622,000. Finally, Crossmark Global Holdings Inc. bought a new position in Andeavor during the third quarter valued at about $28,288,000. Institutional investors own 78.85% of the company’s stock.

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About Andeavor

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.