Andeavor Logistics (NYSE:ANDX) Stock Price Down 6.2%
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.
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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