Investors Sell Andeavor (ANDV) on Strength (ANDV)
Investors sold shares of Andeavor (NASDAQ:ANDV) on strength during trading on Monday. $18.87 million flowed into the stock on the tick-up and $47.97 million flowed out of the stock on the tick-down, for a money net flow of $29.10 million out of the stock. Of all stocks tracked, Andeavor had the 0th highest net out-flow for the day. Andeavor traded up $0.60 for the day and closed at $103.75
A number of research analysts have commented on the company. BidaskClub lowered Andeavor from a “buy” rating to a “hold” rating in a research report on Thursday, September 28th. Cowen and Company restated a “buy” rating and set a $120.00 target price on shares of Andeavor in a research report on Thursday, September 28th. Howard Weil lowered Andeavor from a “sector outperform” rating to a “sector perform” rating and set a $112.00 price target on the stock. in a research note on Thursday, September 28th. Scotiabank lowered Andeavor from an “outperform” rating to a “sector perform” rating and upped their price target for the company from $103.00 to $112.00 in a research note on Saturday. Finally, Morgan Stanley assumed coverage on Andeavor in a research note on Wednesday, August 2nd. They set an “overweight” rating on the stock. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $115.50.
The stock’s 50-day moving average is $100.10 and its 200 day moving average is $90.88. The firm has a market cap of $16.73 billion and a P/E ratio of 17.49.
The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were issued a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $2.36 dividend on an annualized basis and a yield of 2.25%.
A hedge fund recently bought a new stake in Andeavor stock. Fulton Bank N.A. purchased a new position in shares of Andeavor (NASDAQ:ANDV) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,731 shares of the company’s stock, valued at approximately $281,000.
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Andeavor, formerly Tesoro Corporation, is an independent petroleum refining, logistics and marketing company. he Company operates through three segments. The Refining operating segment refines crude oil and other feedstocks into transportation fuels, such as gasoline and gasoline blendstocks, jet fuel and diesel fuel, as well as other products, including heavy fuel oils, liquefied petroleum gas and petroleum coke for sale in bulk markets to a range of customers within its markets.
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