Stone Ridge Asset Management LLC bought a new stake in Andeavor (NYSE:ANDV) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 32,039 shares of the oil and gas company’s stock, valued at approximately $3,663,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. grew its position in Andeavor by 2.1% in the fourth quarter. BlackRock Inc. now owns 10,788,845 shares of the oil and gas company’s stock valued at $1,233,595,000 after acquiring an additional 219,535 shares during the period. Boston Partners grew its position in Andeavor by 26.5% in the fourth quarter. Boston Partners now owns 9,484,915 shares of the oil and gas company’s stock valued at $1,084,505,000 after acquiring an additional 1,989,609 shares during the period. Bank of New York Mellon Corp grew its position in Andeavor by 4.2% in the fourth quarter. Bank of New York Mellon Corp now owns 4,071,932 shares of the oil and gas company’s stock valued at $465,585,000 after acquiring an additional 164,006 shares during the period. Dimensional Fund Advisors LP bought a new stake in Andeavor in the third quarter valued at $333,346,000. Finally, Hotchkis & Wiley Capital Management LLC bought a new stake in Andeavor in the third quarter valued at $214,005,000. Institutional investors and hedge funds own 79.59% of the company’s stock.
Andeavor (NYSE:ANDV) opened at $102.16 on Monday. The stock has a market capitalization of $15,708.58, a PE ratio of 10.34, a P/E/G ratio of 1.02 and a beta of 1.51. Andeavor has a 1-year low of $75.11 and a 1-year high of $121.71. The company has a quick ratio of 0.65, a current ratio of 1.38 and a debt-to-equity ratio of 0.57.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.31%. The ex-dividend date is Tuesday, February 27th. Andeavor’s payout ratio is 23.89%.
A number of analysts have weighed in on the company. Citigroup reiterated a “neutral” rating on shares of Andeavor in a research report on Monday, January 22nd. Zacks Investment Research upgraded Andeavor from a “hold” rating to a “buy” rating and set a $133.00 target price on the stock in a report on Monday, January 22nd. Piper Jaffray Companies restated a “buy” rating and set a $153.00 target price on shares of Andeavor in a report on Monday, January 22nd. Barclays restated a “buy” rating and set a $162.00 target price on shares of Andeavor in a report on Wednesday, January 10th. Finally, Credit Suisse Group started coverage on Andeavor in a report on Wednesday, January 3rd. They set an “outperform” rating and a $142.00 target price on the stock. Six research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $126.50.
In other news, Director Paul L. Foster sold 51,510 shares of the firm’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $110.54, for a total transaction of $5,693,915.40. Following the sale, the director now owns 1,436,847 shares of the company’s stock, valued at $158,829,067.38. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Blane W. Peery sold 1,012 shares of the firm’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $89.64, for a total value of $90,715.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 254,100 shares of company stock worth $29,338,288. 0.86% of the stock is currently owned by insiders.
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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.
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