Andeavor (ANDV) Raised to Buy at Citigroup

Andeavor (NYSE:ANDV) was upgraded by stock analysts at Citigroup from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, MarketBeat reports. The brokerage currently has a $132.00 target price on the oil and gas company’s stock. Citigroup’s price objective would suggest a potential upside of 33.86% from the company’s current price.

A number of other analysts have also weighed in on the stock. Zacks Investment Research raised shares of Andeavor from a “hold” rating to a “buy” rating and set a $133.00 price objective on the stock in a research report on Monday, January 22nd. Piper Jaffray Companies reissued a “buy” rating and issued a $153.00 price objective on shares of Andeavor in a research report on Monday, January 22nd. Barclays reissued a “buy” rating and issued a $162.00 price objective on shares of Andeavor in a research report on Wednesday, January 10th. Credit Suisse Group assumed coverage on shares of Andeavor in a research report on Wednesday, January 3rd. They issued an “outperform” rating and a $142.00 price objective on the stock. Finally, ValuEngine lowered shares of Andeavor from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $126.22.

Andeavor (NYSE:ANDV) traded up $0.84 during trading on Wednesday, reaching $98.61. 1,190,000 shares of the company were exchanged, compared to its average volume of 1,590,000. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.47 and a quick ratio of 0.62. Andeavor has a 12 month low of $75.11 and a 12 month high of $121.71. The stock has a market cap of $15,380.00, a price-to-earnings ratio of 20.21, a P/E/G ratio of 0.94 and a beta of 1.39.

In other Andeavor news, Director Paul L. Foster sold 51,700 shares of the company’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $120.97, for a total value of $6,254,149.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Paul L. Foster sold 45,000 shares of the company’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $108.33, for a total transaction of $4,874,850.00. Following the completion of the transaction, the director now owns 1,447,567 shares in the company, valued at $156,814,933.11. The disclosure for this sale can be found here. Insiders sold a total of 298,088 shares of company stock worth $34,122,422 over the last 90 days. Insiders own 0.86% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. PGGM Investments bought a new position in shares of Andeavor during the third quarter valued at approximately $3,007,000. Prudential Financial Inc. bought a new position in shares of Andeavor during the third quarter valued at approximately $150,513,000. Polianta Ltd bought a new position in shares of Andeavor during the fourth quarter valued at approximately $1,292,000. Mutual of America Capital Management LLC bought a new position in shares of Andeavor during the third quarter valued at approximately $2,421,000. Finally, TCI Wealth Advisors Inc. bought a new position in shares of Andeavor during the third quarter valued at approximately $191,000. Institutional investors and hedge funds own 79.93% 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.

Analyst Recommendations for Andeavor (NYSE:ANDV)

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