Andeavor (ANDV) Receives Average Rating of “Buy” from Analysts

Andeavor (NYSE:ANDV) has been assigned an average rating of “Buy” from the twenty-two ratings firms that are currently covering the company, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $126.88.

ANDV has been the topic of a number of recent analyst reports. Piper Jaffray Companies reissued a “buy” rating and issued a $121.00 price objective on shares of Andeavor in a research report on Friday, November 17th. Barclays increased their target price on shares of Andeavor from $121.00 to $147.00 and gave the company an “overweight” rating in a research report on Tuesday, November 14th. ValuEngine downgraded shares of Andeavor from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th. BidaskClub raised shares of Andeavor from a “hold” rating to a “buy” rating in a research report on Tuesday, November 7th. Finally, Wells Fargo & Co increased their target price on shares of Andeavor to $141.00 and gave the company an “outperform” rating in a research report on Wednesday, December 6th.

In other Andeavor news, Director Jeff A. Stevens sold 25,000 shares of the firm’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $111.24, for a total transaction of $2,781,000.00. Following the transaction, the director now directly owns 1,529,174 shares of the company’s stock, valued at approximately $170,105,315.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul L. Foster sold 45,000 shares of the firm’s stock in a transaction on 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 transaction, the director now directly owns 1,447,567 shares in the company, valued at $156,814,933.11. The disclosure for this sale can be found here. Insiders have sold a total of 298,088 shares of company stock worth $34,122,422 over the last three months. 0.86% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of the business. Telemark Asset Management LLC purchased a new position in Andeavor during the 4th quarter worth $5,717,000. Renaissance Technologies LLC grew its position in Andeavor by 25.9% during the 4th quarter. Renaissance Technologies LLC now owns 942,685 shares of the oil and gas company’s stock worth $107,787,000 after purchasing an additional 194,100 shares during the last quarter. Centenus Global Management LP purchased a new position in Andeavor during the 4th quarter worth $1,143,000. Moors & Cabot Inc. purchased a new position in Andeavor during the 4th quarter worth $206,000. Finally, Koch Industries Inc. purchased a new position in Andeavor during the 4th quarter worth $218,000. 79.93% of the stock is currently owned by institutional investors.

Shares of Andeavor (NYSE ANDV) opened at $97.77 on Wednesday. Andeavor has a 52-week low of $75.11 and a 52-week high of $121.71. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.47 and a quick ratio of 0.62. The company has a market cap of $15,250.00, a P/E ratio of 20.03, a price-to-earnings-growth ratio of 0.93 and a beta of 1.39.

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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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