FIL Ltd decreased its holdings in Andeavor (NYSE:ANDV) by 99.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,273 shares of the oil and gas company’s stock after selling 1,379,814 shares during the quarter. FIL Ltd’s holdings in Andeavor were worth $1,883,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of ANDV. LSV Asset Management lifted its holdings in 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 valued at $164,220,000 after purchasing an additional 48,700 shares in the last quarter. Alpine Associates Management Inc. purchased a new position in Andeavor during the second quarter valued at approximately $154,009,000. Natixis lifted its holdings in Andeavor by 9,275.8% during the second quarter. Natixis now owns 772,003 shares of the oil and gas company’s stock valued at $101,271,000 after purchasing an additional 763,769 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Andeavor by 5.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 737,134 shares of the oil and gas company’s stock valued at $113,150,000 after purchasing an additional 40,834 shares in the last quarter. Finally, Swiss National Bank lifted its holdings in Andeavor by 1.6% during the second quarter. Swiss National Bank now owns 483,400 shares of the oil and gas company’s stock valued at $63,412,000 after purchasing an additional 7,400 shares in the last quarter. 77.65% of the stock is currently owned by institutional investors.
Several brokerages have weighed in on ANDV. Citigroup lifted their price target on shares of Andeavor from $148.00 to $155.00 and gave the company a “hold” rating in a report on Friday, September 7th. Royal Bank of Canada lifted their price target on shares of Andeavor to $151.00 and gave the company a “sector perform” rating in a report on Tuesday, August 14th. They noted that the move was a valuation call. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $147.73.
Shares of NYSE:ANDV opened at $153.50 on Monday. Andeavor has a 1-year low of $89.58 and a 1-year high of $163.19.
In other news, Director Paul L. Foster sold 52,800 shares of Andeavor stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $155.74, for a total transaction of $8,223,072.00. Following the sale, the director now owns 1,255,452 shares in the company, valued at $195,524,094.48. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 7.00% of the company’s stock.
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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