Andeavor (NYSE:ANDV)‘s stock had its “overweight” rating restated by JPMorgan Chase & Co. in a research report issued to clients and investors on Tuesday. They presently have a $133.00 target price on the oil and gas company’s stock, up from their prior target price of $130.00. JPMorgan Chase & Co.’s price target indicates a potential upside of 33.83% from the stock’s previous close.
A number of other research firms have also recently commented on ANDV. Credit Suisse Group reissued an “outperform” rating and set a $148.00 target price on shares of Andeavor in a research note on Wednesday, March 7th. ValuEngine cut shares of Andeavor from a “buy” rating to a “hold” rating in a research note on Wednesday, November 22nd. Piper Jaffray Companies restated a “buy” rating and set a $138.00 price target on shares of Andeavor in a research report on Friday, February 23rd. Jefferies Group lowered their price target on shares of Andeavor from $109.00 to $108.00 and set a “hold” rating on the stock in a research report on Monday, November 20th. Finally, Zacks Investment Research lowered shares of Andeavor from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. Six analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Andeavor currently has an average rating of “Buy” and an average target price of $126.67.
Andeavor (NYSE:ANDV) traded up $0.81 during trading hours on Tuesday, hitting $99.38. 109,409 shares of the stock traded hands, compared to its average volume of 1,700,711. 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 firm has a market capitalization of $15,374.91, a P/E ratio of 9.98, a P/E/G ratio of 1.00 and a beta of 1.51.
In other news, VP Blane W. Peery sold 1,012 shares of the company’s 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeff A. Stevens sold 25,000 shares of the stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $111.24, for a total transaction of $2,781,000.00. Following the sale, the director now owns 1,529,174 shares of the company’s stock, valued at approximately $170,105,315.76. The disclosure for this sale can be found here. In the last 90 days, insiders sold 254,100 shares of company stock valued at $29,338,288. Company insiders own 0.86% of the company’s stock.
A number of large investors have recently modified their holdings of ANDV. Nationwide Fund Advisors acquired a new stake in Andeavor during the 3rd quarter worth $23,331,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Andeavor in the third quarter worth approximately $2,440,000. Victory Capital Management Inc. purchased a new stake in shares of Andeavor during the third quarter valued at approximately $1,948,000. Daiwa Securities Group Inc. purchased a new stake in shares of Andeavor during the third quarter valued at approximately $470,000. Finally, Keybank National Association OH purchased a new stake in shares of Andeavor during the third quarter valued at approximately $938,000. Hedge funds and other institutional investors own 79.59% of the company’s stock.
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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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