Andeavor (NYSE:ANDV) Director Jeff A. Stevens sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 6th. The shares were sold at an average price of $146.99, for a total value of $2,939,800.00. Following the completion of the transaction, the director now directly owns 1,022,768 shares of the company’s stock, valued at $150,336,668.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Andeavor traded up $0.45, hitting $139.02, during mid-day trading on Thursday, according to Marketbeat.com. 1,027,300 shares of the stock were exchanged, compared to its average volume of 1,940,226. 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 firm has a market cap of $21.59 billion, a price-to-earnings ratio of 21.49, a PEG 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. Andeavor had a return on equity of 6.51% and a net margin of 4.27%. The company had revenue of $10.30 billion for the quarter, compared to analyst estimates of $9.62 billion. During the same quarter last year, the company earned $0.42 EPS. Andeavor’s revenue for the quarter was up 55.2% compared to the same quarter last year. research analysts forecast that Andeavor will post 9.34 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Thursday, May 31st will be issued a $0.59 dividend. The ex-dividend date is Wednesday, May 30th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.70%. Andeavor’s payout ratio is currently 36.48%.
A number of analysts have recently commented on ANDV shares. ValuEngine cut Andeavor from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 1st. Morgan Stanley boosted their price objective on Andeavor from $145.00 to $182.00 and gave the company a “hold” rating in a research report on Tuesday, May 22nd. Tudor Pickering cut Andeavor from a “buy” rating to a “hold” rating in a research report on Friday, May 18th. Credit Suisse Group restated a “neutral” rating and issued a $145.00 price objective (up from $142.00) on shares of Andeavor in a research report on Friday, May 18th. Finally, JPMorgan Chase & Co. cut Andeavor from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $144.06 to $131.00 in a research report on Monday, May 14th. Ten analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Andeavor currently has an average rating of “Hold” and a consensus price target of $129.90.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ffcm LLC increased its holdings in shares of Andeavor by 257.6% in the 1st quarter. Ffcm LLC now owns 819 shares of the oil and gas company’s stock valued at $114,000 after acquiring an additional 590 shares during the last quarter. BB&T Investment Services Inc. purchased a new position in shares of Andeavor in the 4th quarter valued at about $126,000. Ostrum Asset Management purchased a new position in shares of Andeavor in the 1st quarter valued at about $123,000. Tower Research Capital LLC TRC increased its holdings in shares of Andeavor by 1,082.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,656 shares of the oil and gas company’s stock valued at $189,000 after acquiring an additional 1,516 shares during the last quarter. Finally, Park Avenue Securities LLC purchased a new position in shares of Andeavor in the 4th quarter valued at about $201,000. Institutional investors and hedge funds own 81.32% of the company’s stock.
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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