Manning & Napier Group LLC increased its stake in shares of Andeavor (NYSE:ANDV) by 7.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,895 shares of the oil and gas company’s stock after buying an additional 2,377 shares during the quarter. Manning & Napier Group LLC’s holdings in Andeavor were worth $5,202,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Ostrum Asset Management bought a new position in Andeavor in the 1st quarter valued at $123,000. CIBC Private Wealth Group LLC grew its stake in Andeavor by 114.5% in the 2nd quarter. CIBC Private Wealth Group LLC now owns 1,255 shares of the oil and gas company’s stock valued at $165,000 after purchasing an additional 670 shares during the period. Parallel Advisors LLC grew its stake in Andeavor by 719.9% in the 2nd quarter. Parallel Advisors LLC now owns 1,320 shares of the oil and gas company’s stock valued at $173,000 after purchasing an additional 1,159 shares during the period. Cerebellum GP LLC bought a new position in Andeavor in the 3rd quarter valued at $184,000. Finally, Ropes Wealth Advisors LLC grew its stake in Andeavor by 118.7% in the 2nd quarter. Ropes Wealth Advisors LLC now owns 1,428 shares of the oil and gas company’s stock valued at $187,000 after purchasing an additional 775 shares during the period. Institutional investors and hedge funds own 77.65% of the company’s stock.
ANDV has been the subject of a number of recent analyst reports. Royal Bank of Canada upped their price objective on Andeavor to $151.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 14th. They noted that the move was a valuation call. Citigroup upped their price objective on Andeavor from $148.00 to $155.00 and gave the company a “hold” rating in a research note on Friday, September 7th. ValuEngine downgraded Andeavor from a “buy” rating to a “hold” rating in a research note on Thursday, June 21st. Mizuho assumed coverage on Andeavor in a research note on Thursday, August 2nd. They issued a “neutral” rating and a $158.00 price objective for the company. Finally, US Capital Advisors downgraded Andeavor from a “buy” rating to a “hold” rating in a research note on Friday, June 29th. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $144.31.
ANDV stock opened at $153.50 on Friday. The company has a quick ratio of 0.69, a current ratio of 1.42 and a debt-to-equity ratio of 0.64. The firm has a market cap of $23.20 billion, a PE ratio of 23.72, a PEG ratio of 1.72 and a beta of 1.19. Andeavor has a fifty-two week low of $89.58 and a fifty-two week high of $163.19.
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, topping the consensus estimate of $2.96 by $0.58. The company had revenue of $12.47 billion during the quarter, compared to the consensus estimate of $12.36 billion. Andeavor had a return on equity of 8.52% and a net margin of 4.91%. On average, equities analysts forecast that Andeavor will post 8.91 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 14th. Stockholders of record on Friday, August 31st were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Thursday, August 30th. This represents a $2.36 annualized dividend and a dividend yield of 1.54%. Andeavor’s payout ratio is 36.48%.
In other news, VP Stephan E. Tompsett sold 490 shares of the stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $151.65, for a total transaction of $74,308.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul L. Foster sold 52,800 shares of the stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $155.74, for a total value of $8,223,072.00. Following the transaction, the director now owns 1,255,452 shares of the company’s stock, valued at approximately $195,524,094.48. The disclosure for this sale can be found here. Insiders have sold a total of 201,341 shares of company stock valued at $30,181,974 in the last quarter. 7.00% of the stock is owned by corporate insiders.
Andeavor Company 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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