Andeavor (NYSE:ANDV) Receives New Coverage from Analysts at Credit Suisse Group
Credit Suisse Group initiated coverage on shares of Andeavor (NYSE:ANDV) in a report published on Wednesday, January 3rd, Marketbeat.com reports. The firm issued an outperform rating and a $142.00 target price on the oil and gas company’s stock.
A number of other equities analysts have also weighed in on the stock. Barclays restated an overweight rating and set a $121.00 price target (up from $118.00) on shares of Andeavor in a research report on Tuesday, October 10th. Royal Bank of Canada reaffirmed a sector perform rating and set a $107.00 target price (down from $109.00) on shares of Andeavor in a research note on Thursday, November 9th. Zacks Investment Research raised shares of Andeavor from a hold rating to a strong-buy rating and set a $118.00 target price on the stock in a research note on Tuesday, September 12th. Wells Fargo & Co lifted their target price on shares of Andeavor to $141.00 and gave the stock an outperform rating in a research note on Wednesday, December 6th. Finally, BidaskClub raised shares of Andeavor from a hold rating to a buy rating in a research note on Saturday, October 7th. Seven investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $123.74.
Andeavor (NYSE ANDV) opened at $110.76 on Wednesday. The firm has a market cap of $17,800.85, a PE ratio of 22.11, a P/E/G ratio of 1.09 and a beta of 1.55. Andeavor has a 52-week low of $75.11 and a 52-week high of $121.71. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.62 and a current ratio of 1.47.
In related news, Director Paul L. Foster sold 51,510 shares of the company’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $110.54, for a total transaction of $5,693,915.40. Following the sale, the director now directly owns 1,436,847 shares of the company’s stock, valued at approximately $158,829,067.38. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Paul L. Foster sold 45,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $108.33, for a total transaction of $4,874,850.00. Following the sale, the director now directly owns 1,447,567 shares in the company, valued at $156,814,933.11. The disclosure for this sale can be found here. Insiders sold a total of 307,788 shares of company stock worth $35,129,190 over the last three months. Insiders own 0.86% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Boston Partners acquired a new position in shares of Andeavor in the 3rd quarter valued at $773,141,000. Bank of New York Mellon Corp acquired a new position in shares of Andeavor in the 3rd quarter valued at $403,103,000. Dimensional Fund Advisors LP acquired a new position in shares of Andeavor in the 3rd quarter valued at $333,346,000. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Andeavor in the 3rd quarter valued at $214,005,000. Finally, Prudential Financial Inc. acquired a new position in shares of Andeavor in the 3rd quarter valued at $150,513,000. Institutional investors own 78.92% of the company’s stock.
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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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