Andeavor (ANDV) Shares Bought by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lifted its holdings in shares of Andeavor (NYSE:ANDV) by 10.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,196 shares of the oil and gas company’s stock after purchasing an additional 2,391 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Andeavor were worth $2,635,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fulton Bank N.A. grew its holdings in shares of Andeavor by 15.1% during the 1st quarter. Fulton Bank N.A. now owns 3,098 shares of the oil and gas company’s stock worth $312,000 after purchasing an additional 407 shares during the period. Commerzbank Aktiengesellschaft FI grew its holdings in shares of Andeavor by 0.7% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 65,131 shares of the oil and gas company’s stock worth $6,550,000 after purchasing an additional 470 shares during the period. Ffcm LLC grew its holdings in shares of Andeavor by 257.6% during the 1st quarter. Ffcm LLC now owns 819 shares of the oil and gas company’s stock worth $114,000 after purchasing an additional 590 shares during the period. Sigma Planning Corp grew its holdings in shares of Andeavor by 32.6% during the 4th quarter. Sigma Planning Corp now owns 2,735 shares of the oil and gas company’s stock worth $313,000 after purchasing an additional 673 shares during the period. Finally, Dupont Capital Management Corp grew its holdings in shares of Andeavor by 4.1% during the 1st quarter. Dupont Capital Management Corp now owns 18,322 shares of the oil and gas company’s stock worth $1,842,000 after purchasing an additional 724 shares during the period. Institutional investors and hedge funds own 81.32% of the company’s stock.

ANDV stock opened at $139.31 on Wednesday. The company has a current ratio of 1.41, a quick ratio of 0.64 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $21.59 billion, a price-to-earnings ratio of 21.53, a P/E/G ratio of 1.53 and a beta of 1.32. Andeavor has a 1 year low of $89.58 and a 1 year high of $151.88.

Andeavor (NYSE:ANDV) last posted its quarterly earnings results on Monday, May 7th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. The company had revenue of $10.30 billion for the quarter, compared to analyst estimates of $9.62 billion. Andeavor had a return on equity of 6.51% and a net margin of 4.27%. Andeavor’s revenue for the quarter was up 55.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.42 EPS. equities analysts forecast that Andeavor will post 9.34 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Thursday, May 31st will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date is Wednesday, May 30th. Andeavor’s dividend payout ratio is currently 36.48%.

In other news, Director Paul L. Foster sold 212,400 shares of the firm’s stock in a transaction dated Tuesday, April 10th. The stock was sold at an average price of $107.47, for a total transaction of $22,826,628.00. Following the sale, the director now owns 1,379,220 shares of the company’s stock, valued at approximately $148,224,773.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeff A. Stevens sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, June 6th. The stock was sold at an average price of $146.99, for a total value of $2,939,800.00. Following the sale, the director now directly owns 1,022,768 shares in the company, valued at approximately $150,336,668.32. The disclosure for this sale can be found here. Insiders sold a total of 1,010,833 shares of company stock worth $127,591,528 in the last ninety days. 7.00% of the stock is owned by corporate insiders.

ANDV has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered their price target on Andeavor from $133.00 to $131.00 and set an “overweight” rating for the company in a report on Monday, April 9th. Credit Suisse Group restated an “outperform” rating and set a $148.00 target price on shares of Andeavor in a report on Wednesday, March 7th. Royal Bank of Canada restated a “hold” rating and set a $112.00 target price on shares of Andeavor in a report on Friday, February 23rd. Tudor Pickering cut Andeavor from a “buy” rating to a “hold” rating in a report on Friday, May 18th. Finally, ValuEngine upgraded Andeavor from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $129.34.

Andeavor Profile

Andeavor, through its subsidiaries, operates as an independent petroleum refining, logistics, and marketing company in the United States. The company operates in three segments: Marketing, Logistics, and Refining. The Marketing segment sells gasoline and diesel fuel through retail, branded, and unbranded channels.

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Institutional Ownership by Quarter for Andeavor (NYSE:ANDV)

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