First Trust Advisors LP lessened its holdings in shares of Andeavor Logistics LP (NYSE:ANDX) by 8.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 131,688 shares of the oil and gas company’s stock after selling 12,006 shares during the quarter. First Trust Advisors LP owned approximately 0.05% of Andeavor Logistics worth $4,643,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Intercontinental Wealth Advisors LLC boosted its position in shares of Andeavor Logistics by 230.4% during the first quarter. Intercontinental Wealth Advisors LLC now owns 717 shares of the oil and gas company’s stock worth $25,000 after acquiring an additional 500 shares during the last quarter. Bessemer Group Inc. bought a new stake in shares of Andeavor Logistics in the 4th quarter valued at about $56,000. Penserra Capital Management LLC acquired a new stake in Andeavor Logistics in the 4th quarter worth approximately $171,000. Oppenheimer Asset Management Inc. lifted its stake in Andeavor Logistics by 97.2% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 8,798 shares of the oil and gas company’s stock valued at $310,000 after acquiring an additional 4,336 shares during the period. Finally, Osborn Williams & Donohoe LLC purchased a new position in shares of Andeavor Logistics during the 1st quarter valued at approximately $388,000. Institutional investors own 33.26% of the company’s stock.
ANDX has been the topic of several recent research reports. Mitsubishi UFJ Financial Group reissued a “neutral” rating on shares of Andeavor Logistics in a research report on Wednesday, May 8th. Credit Suisse Group upgraded shares of Andeavor Logistics from an “underperform” rating to a “neutral” rating in a research note on Monday, May 13th. Zacks Investment Research raised Andeavor Logistics from a “sell” rating to a “hold” rating in a report on Friday, March 1st. Finally, ValuEngine raised Andeavor Logistics from a “strong sell” rating to a “sell” rating in a report on Monday, May 13th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $46.30.
Shares of NYSE ANDX opened at $35.64 on Wednesday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 1.16. The company has a market cap of $8.67 billion, a price-to-earnings ratio of 13.87, a price-to-earnings-growth ratio of 1.43 and a beta of 1.32. Andeavor Logistics LP has a 12 month low of $31.49 and a 12 month high of $50.82.
Andeavor Logistics (NYSE:ANDX) last released its earnings results on Wednesday, May 8th. The oil and gas company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.09). The business had revenue of $630.00 million during the quarter, compared to analyst estimates of $639.64 million. Andeavor Logistics had a net margin of 26.18% and a return on equity of 17.19%. Andeavor Logistics’s revenue was up 15.4% compared to the same quarter last year. During the same period last year, the business posted $0.59 EPS. As a group, equities research analysts forecast that Andeavor Logistics LP will post 2.83 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Thursday, May 9th were given a dividend of $1.03 per share. The ex-dividend date was Wednesday, May 8th. This represents a $4.12 dividend on an annualized basis and a yield of 11.56%. Andeavor Logistics’s dividend payout ratio (DPR) is presently 160.31%.
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About Andeavor Logistics
Andeavor Logistics LP operates as a diversified midstream company in the United States. The company's Terminalling and Transportation segment comprises the Northwest pipeline system, including a regulated common carrier products pipeline running from Salt Lake City, Utah to Spokane, Washington and a jet fuel pipeline to the Salt Lake City International Airport; a regulated common carrier refined products pipeline system connecting its refinery to its terminals in Anchorage, Alaska; tankage and related equipment at the refinery; and crude oil and refined products terminals and storage facilities in the western, and southwest and midwestern U.S.
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