Baird Financial Group Inc. trimmed its holdings in Andeavor (NYSE:ANDV) by 14.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 26,105 shares of the oil and gas company’s stock after selling 4,243 shares during the period. Baird Financial Group Inc.’s holdings in Andeavor were worth $3,424,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the stock. FIL Ltd boosted its position in shares of Andeavor by 48.7% during the first quarter. FIL Ltd now owns 1,653,124 shares of the oil and gas company’s stock worth $166,238,000 after buying an additional 541,461 shares during the period. LSV Asset Management boosted its position in shares of Andeavor by 4.0% during the second quarter. LSV Asset Management now owns 1,251,874 shares of the oil and gas company’s stock worth $164,220,000 after buying an additional 48,700 shares during the period. Alpine Associates Management Inc. purchased a new position in shares of Andeavor during the second quarter worth $154,009,000. Westfield Capital Management Co. LP boosted its position in shares of Andeavor by 57.0% during the first quarter. Westfield Capital Management Co. LP now owns 1,148,183 shares of the oil and gas company’s stock worth $115,461,000 after buying an additional 416,928 shares during the period. Finally, Guggenheim Capital LLC boosted its position in shares of Andeavor by 3.7% during the first quarter. Guggenheim Capital LLC now owns 712,050 shares of the oil and gas company’s stock worth $71,602,000 after buying an additional 25,705 shares during the period. Institutional investors own 77.70% of the company’s stock.
In other Andeavor news, EVP Keith M. Casey sold 24,571 shares of the firm’s stock in a transaction on Monday, August 13th. The stock was sold at an average price of $151.11, for a total value of $3,712,923.81. Following the sale, the executive vice president now directly owns 65,499 shares in the company, valued at $9,897,553.89. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Stephan E. Tompsett sold 490 shares of the firm’s stock in a transaction on Thursday, August 9th. The shares were sold at an average price of $151.65, for a total value of $74,308.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 266,141 shares of company stock worth $37,938,978. 7.00% of the stock is owned by insiders.
Shares of NYSE ANDV opened at $155.91 on Friday. The firm has a market capitalization of $23.42 billion, a PE ratio of 24.10, a P/E/G ratio of 1.76 and a beta of 1.15. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.69 and a current ratio of 1.42. Andeavor has a 12-month low of $89.58 and a 12-month high of $157.65.
Andeavor (NYSE:ANDV) last posted its quarterly earnings results on Monday, August 6th. The oil and gas company reported $3.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.96 by $0.58. Andeavor had a return on equity of 8.52% and a net margin of 4.91%. The company had revenue of $12.47 billion for the quarter, compared to analysts’ expectations of $12.36 billion. analysts anticipate that Andeavor will post 8.79 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 14th. Shareholders of record on Friday, August 31st will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend is Thursday, August 30th. Andeavor’s dividend payout ratio is presently 36.48%.
Several research firms have recently commented on ANDV. Citigroup raised their price target on Andeavor from $148.00 to $155.00 and gave the stock a “hold” rating in a research report on Friday, September 7th. Royal Bank of Canada raised their price target on Andeavor to $151.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 14th. They noted that the move was a valuation call. Mizuho assumed coverage on Andeavor in a research note on Thursday, August 2nd. They issued a “neutral” rating and a $158.00 price objective on the stock. ValuEngine upgraded Andeavor from a “hold” rating to a “buy” rating in a research note on Thursday, July 12th. Finally, US Capital Advisors cut Andeavor from a “buy” rating to a “hold” rating in a research note on Friday, June 29th. Twelve equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $138.75.
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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