Cornerstone Capital Management Holdings LLC. lessened its stake in shares of Andeavor (NYSE:ANDV) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 319,794 shares of the oil and gas company’s stock after selling 6,001 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned about 0.20% of Andeavor worth $36,563,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. raised 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 worth $1,233,595,000 after acquiring an additional 219,535 shares in the last quarter. Boston Partners raised 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 worth $1,084,505,000 after acquiring an additional 1,989,609 shares in the last quarter. Bank of New York Mellon Corp raised 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 worth $465,585,000 after acquiring an additional 164,006 shares in the last quarter. Dimensional Fund Advisors LP purchased a new position in Andeavor in the third quarter worth $333,346,000. Finally, Hotchkis & Wiley Capital Management LLC purchased a new position in Andeavor in the third quarter worth $214,005,000. Institutional investors and hedge funds own 79.59% of the company’s stock.
Shares of Andeavor (NYSE ANDV) opened at $99.99 on Tuesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.65 and a current ratio of 1.38. The company has a market capitalization of $15,708.58, a price-to-earnings ratio of 10.12, a P/E/G ratio of 1.02 and a beta of 1.51. Andeavor has a 52 week low of $75.11 and a 52 week high of $121.71.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date is Tuesday, February 27th. Andeavor’s payout ratio is currently 23.89%.
ANDV has been the subject of several research analyst reports. Zacks Investment Research cut Andeavor from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. Piper Jaffray Companies reiterated 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 price objective on Andeavor from $121.00 to $147.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 14th. Citigroup upgraded Andeavor from a “neutral” rating to a “buy” rating and set a $132.00 price objective for the company in a research report on Wednesday, February 14th. Finally, ValuEngine lowered Andeavor from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. Six research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Andeavor has an average rating of “Buy” and an average price target of $126.50.
In related news, Director Paul L. Foster sold 54,400 shares of the stock in a transaction on Friday, January 26th. The stock was sold at an average price of $114.99, for a total transaction of $6,255,456.00. Following the sale, the director now owns 1,413,468 shares of the company’s stock, valued at $162,534,685.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Blane W. Peery sold 1,012 shares of the stock in a transaction on Thursday, March 1st. The shares were 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. Corporate insiders own 0.86% of the company’s stock.
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Andeavor Company Profile
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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