Tudor Pickering Lowers Andeavor (ANDV) to Hold

Andeavor (NYSE:ANDV) was downgraded by investment analysts at Tudor Pickering from a “buy” rating to a “hold” rating in a research report issued on Friday, The Fly reports.

Several other brokerages have also recently issued reports on ANDV. Zacks Investment Research cut Andeavor from a “buy” rating to a “hold” rating in a report on Friday, February 23rd. Piper Jaffray reaffirmed a “buy” rating and issued a $138.00 target price on shares of Andeavor in a report on Friday, February 23rd. Citigroup raised Andeavor from a “neutral” rating to a “buy” rating and set a $132.00 target price on the stock in a report on Wednesday, February 14th. Wells Fargo cut Andeavor from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 8th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $148.00 target price on shares of Andeavor in a report on Wednesday, March 7th. Ten analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $125.79.

Shares of ANDV stock opened at $146.27 on Friday. Andeavor has a 12-month low of $139.27 and a 12-month high of $141.40. The company has a current ratio of 1.41, a quick ratio of 0.64 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $21.26 billion, a PE ratio of 22.69, a PEG ratio of 1.55 and a beta of 1.35.

Andeavor (NYSE:ANDV) last issued its earnings results on Thursday, February 15th. The oil and gas company reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.18 by ($0.81). Andeavor had a return on equity of 6.51% and a net margin of 4.27%. The firm had revenue of $10.65 billion during the quarter, compared to the consensus estimate of $10.79 billion. analysts predict that Andeavor will post 9.07 EPS for the current year.

In other Andeavor news, Director Jeff A. Stevens sold 32,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 16th. The stock was sold at an average price of $140.75, for a total transaction of $4,574,375.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Blane W. Peery sold 1,012 shares of the business’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $89.64, for a total value of $90,715.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 916,795 shares of company stock valued at $113,832,138. 7.00% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the business. State of Tennessee Treasury Department boosted its position in shares of Andeavor by 219.5% during the fourth quarter. State of Tennessee Treasury Department now owns 517,128 shares of the oil and gas company’s stock valued at $59,128,000 after buying an additional 355,260 shares during the period. Shell Asset Management Co. purchased a new position in shares of Andeavor during the fourth quarter valued at approximately $8,272,000. Harbour Capital Advisors LLC purchased a new position in shares of Andeavor during the fourth quarter valued at approximately $593,000. IBM Retirement Fund boosted its position in shares of Andeavor by 72.9% during the fourth quarter. IBM Retirement Fund now owns 3,936 shares of the oil and gas company’s stock valued at $494,000 after buying an additional 1,660 shares during the period. Finally, Intrust Bank NA purchased a new position in shares of Andeavor during the fourth quarter valued at approximately $207,000. Institutional investors and hedge funds own 79.27% of the company’s stock.

About Andeavor

Andeavor, through its subsidiaries, operates as an independent petroleum refining, logistics, and marketing company in the United States. The company operates in three segments: Marketing, Logistics, and Refining. The Marketing segment sells gasoline and diesel fuel through retail, branded, and unbranded channels.

The Fly

Analyst Recommendations for Andeavor (NYSE:ANDV)

Receive News & Ratings for Andeavor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Andeavor and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply