Andeavor Logistics LP (NYSE:ANDX)’s stock price dropped 6.2% during mid-day trading on Monday . The company traded as low as $31.75 and last traded at $32.17, approximately 22,754,918 shares changed hands during trading. An increase of 2,861% from the average daily volume of 768,563 shares. The stock had previously closed at $34.31.

Several research firms have recently weighed in on ANDX. Mitsubishi UFJ Financial Group restated a “neutral” rating on shares of Andeavor Logistics in a research note on Wednesday, May 8th. ValuEngine upgraded Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research note on Monday. Credit Suisse Group decreased their price target on Marathon Petroleum from $95.00 to $80.00 and set an “outperform” rating for the company in a research note on Monday, May 13th. Finally, Zacks Investment Research upgraded FirstService from a “strong sell” rating to a “hold” rating and set a $110.00 price target for the company in a research note on Tuesday, June 25th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company’s stock. Andeavor Logistics currently has an average rating of “Hold” and an average target price of $45.33.

The firm has a 50 day simple moving average of $35.95. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 1.16. The firm has a market cap of $7.90 billion, a PE ratio of 12.52, a PEG ratio of 1.37 and a beta of 1.29.

Andeavor Logistics (NYSE:ANDX) last issued its quarterly earnings data on Wednesday, May 8th. The oil and gas company reported $0.60 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.09). Andeavor Logistics had a return on equity of 17.19% and a net margin of 26.18%. The firm had revenue of $630.00 million during the quarter, compared to the consensus estimate of $639.64 million. During the same period in the previous year, the firm earned $0.59 EPS. The business’s revenue was up 15.4% on a year-over-year basis. On average, equities research analysts anticipate that Andeavor Logistics LP will post 2.87 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC bought a new position in Andeavor Logistics in the second quarter worth approximately $749,000. Ballentine Partners LLC grew its stake in Andeavor Logistics by 16.4% in the second quarter. Ballentine Partners LLC now owns 36,470 shares of the oil and gas company’s stock worth $1,325,000 after purchasing an additional 5,133 shares in the last quarter. Cedar Wealth Management LLC grew its stake in Andeavor Logistics by 119.5% in the second quarter. Cedar Wealth Management LLC now owns 900 shares of the oil and gas company’s stock worth $33,000 after purchasing an additional 490 shares in the last quarter. OTA Financial Group L.P. bought a new position in Andeavor Logistics in the second quarter worth approximately $466,000. Finally, Vishria Bird Financial Group LLC bought a new position in Andeavor Logistics in the second quarter worth approximately $206,000. 33.19% of the stock is owned by institutional investors.

About Andeavor Logistics (NYSE:ANDX)

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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