Andeavor Logistics (NYSE:ANDX)‘s stock had its “overweight” rating reaffirmed by research analysts at JPMorgan Chase & Co. in a report issued on Tuesday. They currently have a $55.00 price objective on the oil and gas company’s stock, down from their prior price objective of $56.00. JPMorgan Chase & Co.’s price target suggests a potential upside of 16.55% from the stock’s previous close.
A number of other equities analysts also recently weighed in on ANDX. Zacks Investment Research downgraded shares of Andeavor Logistics from a “hold” rating to a “strong sell” rating in a report on Monday, February 26th. Seaport Global Securities reissued a “buy” rating on shares of Andeavor Logistics in a report on Thursday, February 22nd. UBS Group reissued a “buy” rating and issued a $56.00 price target (down from $59.00) on shares of Andeavor Logistics in a report on Friday, March 2nd. Royal Bank of Canada reissued a “buy” rating and issued a $58.00 price target on shares of Andeavor Logistics in a report on Friday, February 23rd. Finally, Jefferies Group boosted their price target 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. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Andeavor Logistics has an average rating of “Buy” and an average target price of $54.66.
Andeavor Logistics (ANDX) traded down $0.34 on Tuesday, reaching $47.19. 5,546 shares of the company’s stock were exchanged, compared to its average volume of 526,183. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.41. The stock has a market cap of $10,319.63, a P/E ratio of 20.76, a price-to-earnings-growth ratio of 4.11 and a beta of 1.28. Andeavor Logistics has a 1 year low of $42.18 and a 1 year high of $55.79.
In other Andeavor Logistics news, Director Jeff A. Stevens acquired 28,134 shares of the company’s stock in a transaction on Friday, March 2nd. The shares were acquired at an average cost of $46.14 per share, with a total value of $1,298,102.76. Following the completion of the acquisition, the director now directly owns 300,119 shares in the company, valued at $13,847,490.66. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jeff A. Stevens acquired 41,835 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were acquired at an average cost of $47.29 per share, for a total transaction of $1,978,377.15. Following the completion of the acquisition, the director now owns 259,474 shares of the company’s stock, valued at $12,270,525.46. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 83,929 shares of company stock worth $3,944,382. Insiders own 0.15% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. IndexIQ Advisors LLC bought a new stake in shares of Andeavor Logistics during the third quarter valued at about $103,000. Ffcm LLC bought a new stake in shares of Andeavor Logistics during the third quarter valued at about $110,000. Advisor Group Inc. increased its position in shares of Andeavor Logistics by 148.1% during the fourth quarter. Advisor Group Inc. now owns 2,481 shares of the oil and gas company’s stock valued at $114,000 after buying an additional 1,481 shares during the period. Barnett & Company Inc. bought a new stake in shares of Andeavor Logistics during the third quarter valued at about $136,000. Finally, Stuart Chaussee & Associates Inc. bought a new position in shares of Andeavor Logistics in the fourth quarter worth approximately $155,000. 40.13% of the stock is currently owned by institutional investors and hedge funds.
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.
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