Castleark Management LLC decreased its position in shares of Andeavor Logistics LP (NYSE:ANDX) by 26.5% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 107,598 shares of the oil and gas company’s stock after selling 38,720 shares during the period. Castleark Management LLC’s holdings in Andeavor Logistics were worth $4,576,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wells Fargo & Company MN increased its holdings in shares of Andeavor Logistics by 106.2% during the first quarter. Wells Fargo & Company MN now owns 1,850,355 shares of the oil and gas company’s stock valued at $82,914,000 after acquiring an additional 952,847 shares in the last quarter. Neuberger Berman Group LLC increased its holdings in Andeavor Logistics by 3.2% in the 1st quarter. Neuberger Berman Group LLC now owns 60,678 shares of the oil and gas company’s stock worth $2,719,000 after buying an additional 1,866 shares during the period. US Bancorp DE increased its holdings in Andeavor Logistics by 5.4% in the 1st quarter. US Bancorp DE now owns 28,989 shares of the oil and gas company’s stock worth $1,299,000 after buying an additional 1,491 shares during the period. Northern Trust Corp increased its holdings in Andeavor Logistics by 10.8% in the 1st quarter. Northern Trust Corp now owns 88,241 shares of the oil and gas company’s stock worth $3,954,000 after buying an additional 8,585 shares during the period. Finally, BlackRock Inc. increased its holdings in Andeavor Logistics by 0.8% in the 1st quarter. BlackRock Inc. now owns 401,274 shares of the oil and gas company’s stock worth $17,981,000 after buying an additional 3,118 shares during the period. Hedge funds and other institutional investors own 38.06% of the company’s stock.
A number of brokerages have recently commented on ANDX. Morgan Stanley raised their price objective on shares of Andeavor Logistics from $46.00 to $50.00 and gave the stock a “hold” rating in a research note on Friday, August 24th. Zacks Investment Research raised shares of Andeavor Logistics from a “sell” rating to a “hold” rating in a research note on Thursday, August 23rd. SunTrust Banks set a $51.00 target price on Andeavor Logistics and gave the company a “buy” rating in a research report on Sunday, August 19th. Wells Fargo & Co increased their target price on Andeavor Logistics from $45.00 to $47.00 and gave the company a “hold” rating in a research report on Thursday, August 9th. Finally, ValuEngine upgraded Andeavor Logistics from a “sell” rating to a “hold” rating in a research report on Monday, September 17th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $52.71.
In related news, Director Jeff A. Stevens acquired 56,700 shares of the firm’s stock in a transaction dated Tuesday, August 14th. The stock was acquired at an average price of $48.79 per share, for a total transaction of $2,766,393.00. Following the purchase, the director now owns 402,954 shares of the company’s stock, valued at approximately $19,660,125.66. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jeff A. Stevens acquired 18,256 shares of the firm’s stock in a transaction dated Thursday, August 16th. The stock was bought at an average price of $48.70 per share, with a total value of $889,067.20. Following the purchase, the director now directly owns 450,193 shares in the company, valued at approximately $21,924,399.10. The disclosure for this purchase can be found here. Insiders bought a total of 182,017 shares of company stock valued at $8,984,283 in the last quarter. Company insiders own 0.15% of the company’s stock.
NYSE ANDX traded down $0.04 during trading on Friday, hitting $47.41. The stock had a trading volume of 545,984 shares, compared to its average volume of 634,861. The company has a market cap of $10.55 billion, a P/E ratio of 18.89, a P/E/G ratio of 5.24 and a beta of 1.44. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.92 and a quick ratio of 0.92. Andeavor Logistics LP has a twelve month low of $40.66 and a twelve month high of $55.21.
Andeavor Logistics (NYSE:ANDX) last released its earnings results on Monday, August 6th. The oil and gas company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.04). The firm had revenue of $557.00 million during the quarter, compared to analyst estimates of $527.61 million. Andeavor Logistics had a net margin of 16.45% and a return on equity of 18.81%. The business’s revenue was down 8.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.63 earnings per share. On average, analysts anticipate that Andeavor Logistics LP will post 2.72 EPS for the current fiscal year.
Andeavor Logistics Profile
Andeavor Logistics LP operates as a diversified midstream company in the United States. The Terminalling and Transportation segment comprises the Northwest Products Pipeline, 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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