Goldman Sachs Group Inc. lessened its stake in Andeavor Logistics LP (NYSE:ANDX) by 25.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,742,265 shares of the oil and gas company’s stock after selling 955,217 shares during the quarter. Goldman Sachs Group Inc. owned about 1.27% of Andeavor Logistics worth $126,665,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in ANDX. Tortoise Capital Advisors L.L.C. acquired a new position in shares of Andeavor Logistics in the 3rd quarter valued at $612,571,000. Center Coast Capital Advisors LP acquired a new position in shares of Andeavor Logistics during the 3rd quarter valued at $304,622,000. Harvest Fund Advisors LLC acquired a new position in shares of Andeavor Logistics during the 3rd quarter valued at $288,697,000. JPMorgan Chase & Co. acquired a new position in shares of Andeavor Logistics during the 3rd quarter valued at $126,099,000. Finally, Kayne Anderson Capital Advisors LP acquired a new position in shares of Andeavor Logistics during the 3rd quarter valued at $124,576,000. Institutional investors own 40.13% of the company’s stock.
ANDX has been the topic of several recent research reports. Citigroup initiated coverage on shares of Andeavor Logistics in a report on Monday, January 22nd. They set a “buy” rating and a $52.52 target price on the stock. Zacks Investment Research upgraded shares of Andeavor Logistics from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a report on Wednesday, January 17th. Bank of America initiated coverage on shares of Andeavor Logistics in a report on Tuesday, January 9th. They set a “buy” rating on the stock. Scotiabank set a $59.00 target price on shares of Andeavor Logistics and gave the company a “buy” rating in a report on Thursday, December 7th. Finally, SunTrust Banks set a $50.00 target price on shares of Andeavor Logistics and gave the company a “buy” rating in a report on Friday, November 17th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Andeavor Logistics currently has a consensus rating of “Buy” and an average price target of $54.66.
Andeavor Logistics LP (NYSE:ANDX) opened at $47.53 on Wednesday. Andeavor Logistics LP has a 1-year low of $42.18 and a 1-year high of $55.79. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market cap of $10,319.63, a price-to-earnings ratio of 20.76, a price-to-earnings-growth ratio of 4.11 and a beta of 1.28.
Andeavor Logistics (NYSE:ANDX) last issued its quarterly earnings data on Thursday, February 15th. The oil and gas company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.21). Andeavor Logistics had a return on equity of 19.31% and a net margin of 14.67%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $519.00 million. equities analysts expect that Andeavor Logistics LP will post 2.89 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Wednesday, January 31st were issued a $1.00 dividend. The ex-dividend date was Tuesday, January 30th. This represents a $4.00 dividend on an annualized basis and a yield of 8.42%. This is a positive change from Andeavor Logistics’s previous quarterly dividend of $0.99. Andeavor Logistics’s payout ratio is currently 174.67%.
Andeavor Logistics Profile
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.
Want to see what other hedge funds are holding ANDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Andeavor Logistics LP (NYSE:ANDX).
Receive News & Ratings for Andeavor Logistics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Andeavor Logistics and related companies with MarketBeat.com's FREE daily email newsletter.