Andeavor Logistics LP (ANDX) Given Consensus Recommendation of “Hold” by Brokerages

Andeavor Logistics LP (NYSE:ANDX) has been given an average rating of “Hold” by the twelve research firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $53.19.

Several research analysts have issued reports on the stock. Jefferies Group increased their target price on shares of Andeavor Logistics from $41.00 to $45.00 and gave the stock a “hold” rating in a report on Monday, November 20th. SunTrust Banks set a $50.00 price target on shares of Andeavor Logistics and gave the company a “buy” rating in a report on Friday, November 17th. Zacks Investment Research cut shares of Andeavor Logistics from a “buy” rating to a “hold” rating in a report on Monday, January 22nd. Bank of America began coverage on shares of Andeavor Logistics in a report on Tuesday, January 9th. They issued a “buy” rating on the stock. Finally, Scotiabank set a $59.00 price target on shares of Andeavor Logistics and gave the company a “buy” rating in a report on Thursday, December 7th.

Andeavor Logistics (ANDX) opened at $48.65 on Tuesday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.15. Andeavor Logistics has a 1-year low of $42.18 and a 1-year high of $60.14. The stock has a market cap of $10,510.00, a PE ratio of 20.44, a price-to-earnings-growth ratio of 3.08 and a beta of 1.23.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 14th. Stockholders of record on Wednesday, January 31st will be issued a $1.00 dividend. This is a boost from Andeavor Logistics’s previous quarterly dividend of $0.99. This represents a $4.00 dividend on an annualized basis and a dividend yield of 8.22%. The ex-dividend date of this dividend is Tuesday, January 30th. Andeavor Logistics’s dividend payout ratio (DPR) is currently 168.07%.

In related news, insider Steven Sterin acquired 1,400 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was purchased at an average cost of $45.53 per share, with a total value of $63,742.00. Following the transaction, the insider now directly owns 9,714 shares of the company’s stock, valued at approximately $442,278.42. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeff A. Stevens acquired 1,144 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was bought at an average cost of $46.75 per share, with a total value of $53,482.00. Following the completion of the transaction, the director now directly owns 2,229 shares in the company, valued at $104,205.75. The disclosure for this purchase can be found here. 0.15% of the stock is currently owned by company insiders.

Several institutional investors have recently made changes to their positions in ANDX. Tortoise Capital Advisors L.L.C. purchased a new position in shares of Andeavor Logistics in the 3rd quarter valued at approximately $612,571,000. Center Coast Capital Advisors LP purchased a new position in shares of Andeavor Logistics in the 3rd quarter valued at approximately $304,622,000. Alps Advisors Inc. purchased a new position in shares of Andeavor Logistics in the 3rd quarter valued at approximately $301,485,000. Harvest Fund Advisors LLC purchased a new position in shares of Andeavor Logistics in the 3rd quarter valued at approximately $288,697,000. Finally, JPMorgan Chase & Co. purchased a new position in shares of Andeavor Logistics in the 3rd quarter valued at approximately $126,099,000. 35.56% of the stock is owned by hedge funds and other institutional investors.

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About Andeavor Logistics

Andeavor Logistics LP, formerly Tesoro Logistics LP, is a full-service logistics company operating in the western and mid-continent regions of the United States. The Company operates through three segments. Its Gathering segment consists of crude oil, natural gas and produced water gathering systems in the Bakken Region and Rockies Region.

Analyst Recommendations for Andeavor Logistics (NYSE:ANDX)

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