Andeavor (NYSE:ANDV) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Monday. The firm presently has a $133.00 price target on the oil and gas company’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 12.38% from the company’s previous close.
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. “
Several other research firms also recently issued reports on ANDV. Citigroup began coverage on Andeavor in a research note on Monday. They issued a “neutral” rating on the stock. Piper Jaffray Companies reissued a “buy” rating and issued a $153.00 price target on shares of Andeavor in a research note on Monday. Barclays reissued a “buy” rating and issued a $162.00 price target on shares of Andeavor in a research note on Wednesday, January 10th. Credit Suisse Group started coverage on Andeavor in a report on Wednesday, January 3rd. They issued an “outperform” rating and a $142.00 price objective for the company. Finally, BidaskClub upgraded Andeavor from a “hold” rating to a “buy” rating in a report on Tuesday, November 7th. Seven investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $123.74.
Andeavor (NYSE:ANDV) last released its quarterly earnings results on Wednesday, November 8th. The oil and gas company reported $2.70 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.03 by ($0.33). Andeavor had a net margin of 2.35% and a return on equity of 7.15%. The firm had revenue of $9.84 billion during the quarter, compared to analyst estimates of $9.94 billion. Andeavor’s revenue for the quarter was up 50.3% on a year-over-year basis. research analysts expect that Andeavor will post 6.64 EPS for the current year.
In related news, Director Jeff A. Stevens sold 32,500 shares of Andeavor stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $117.07, for a total transaction of $3,804,775.00. Following the completion of the transaction, the director now owns 1,503,845 shares in the company, valued at $176,055,134.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul L. Foster sold 51,700 shares of Andeavor stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $120.97, for a total value of $6,254,149.00. The disclosure for this sale can be found here. Insiders have sold 220,888 shares of company stock valued at $25,052,384 in the last quarter. 0.86% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the business. Daiwa SB Investments Ltd. acquired a new stake in Andeavor during the fourth quarter worth approximately $106,000. Sun Life Financial INC acquired a new stake in Andeavor during the third quarter worth approximately $110,000. Bollard Group LLC acquired a new stake in Andeavor during the third quarter worth approximately $123,000. Edge Wealth Management LLC acquired a new stake in Andeavor during the third quarter worth approximately $128,000. Finally, Bronfman E.L. Rothschild L.P. acquired a new stake in Andeavor during the third quarter worth approximately $155,000. Hedge funds and other institutional investors own 78.92% of the company’s stock.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Andeavor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Andeavor and related companies with MarketBeat.com's FREE daily email newsletter.