Stone Ridge Asset Management LLC acquired a new position in shares of Andeavor (NYSE:ANDV) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 32,039 shares of the oil and gas company’s stock, valued at approximately $3,663,000.
Several other large investors have also recently bought and sold shares of the stock. Daiwa SB Investments Ltd. bought a new position in Andeavor in the fourth quarter valued at approximately $106,000. Sun Life Financial INC bought a new position in Andeavor in the third quarter valued at approximately $110,000. Cerebellum GP LLC bought a new position in Andeavor in the fourth quarter valued at approximately $127,000. Bronfman E.L. Rothschild L.P. bought a new position in Andeavor in the third quarter valued at approximately $155,000. Finally, Robecosam AG bought a new position in Andeavor in the third quarter valued at approximately $166,000. Institutional investors and hedge funds own 79.59% of the company’s stock.
Andeavor (NYSE ANDV) opened at $102.16 on Monday. The firm has a market capitalization of $15,708.58, a price-to-earnings ratio of 10.34, a price-to-earnings-growth ratio of 1.02 and a beta of 1.51. The company has a quick ratio of 0.65, a current ratio of 1.38 and a debt-to-equity ratio of 0.57. Andeavor has a fifty-two week low of $75.11 and a fifty-two week high of $121.71.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $2.36 annualized dividend and a yield of 2.31%. Andeavor’s dividend payout ratio is presently 23.89%.
In other news, Director Paul L. Foster sold 5,478 shares of the business’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $116.27, for a total transaction of $636,927.06. Following the completion of the transaction, the director now owns 1,422,847 shares of the company’s stock, valued at approximately $165,434,420.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Paul L. Foster sold 51,510 shares of the business’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $110.54, for a total value of $5,693,915.40. Following the transaction, the director now directly owns 1,436,847 shares of the company’s stock, valued at approximately $158,829,067.38. The disclosure for this sale can be found here. Insiders sold a total of 254,100 shares of company stock valued at $29,338,288 over the last ninety days. Insiders own 0.86% of the company’s stock.
A number of research analysts have weighed in on ANDV shares. Credit Suisse Group started coverage on Andeavor in a research note on Wednesday, January 3rd. They issued an “outperform” rating and a $142.00 price target for the company. Piper Jaffray Companies restated a “buy” rating and issued a $121.00 price target on shares of Andeavor in a research note on Friday, November 17th. Royal Bank of Canada restated a “hold” rating and issued a $112.00 price target on shares of Andeavor in a research note on Friday, February 23rd. ValuEngine upgraded Andeavor from a “hold” rating to a “buy” rating in a research note on Friday, March 2nd. Finally, Citigroup restated a “neutral” rating on shares of Andeavor in a research note on Monday, January 22nd. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $126.50.
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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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