Checchi Capital Advisers LLC Acquires New Holdings in Andeavor (ANDV)

Checchi Capital Advisers LLC acquired a new stake in Andeavor (NYSE:ANDV) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,518 shares of the oil and gas company’s stock, valued at approximately $233,000.

Several other large investors also recently added to or reduced their stakes in ANDV. CIBC Private Wealth Group LLC increased its holdings in shares of Andeavor by 114.5% in the second quarter. CIBC Private Wealth Group LLC now owns 1,255 shares of the oil and gas company’s stock valued at $165,000 after purchasing an additional 670 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of Andeavor by 719.9% in the second quarter. Parallel Advisors LLC now owns 1,320 shares of the oil and gas company’s stock valued at $173,000 after purchasing an additional 1,159 shares during the last quarter. Cerebellum GP LLC acquired a new position in shares of Andeavor in the third quarter valued at $184,000. Ropes Wealth Advisors LLC increased its holdings in shares of Andeavor by 118.7% in the second quarter. Ropes Wealth Advisors LLC now owns 1,428 shares of the oil and gas company’s stock valued at $187,000 after purchasing an additional 775 shares during the last quarter. Finally, Visionary Asset Management Inc. acquired a new position in shares of Andeavor in the second quarter valued at $210,000. Hedge funds and other institutional investors own 77.65% of the company’s stock.

ANDV has been the topic of several research reports. ValuEngine upgraded shares of Andeavor from a “hold” rating to a “buy” rating in a report on Thursday, July 12th. Citigroup upped their price objective on shares of Andeavor from $148.00 to $155.00 and gave the company a “hold” rating in a report on Friday, September 7th. Royal Bank of Canada upped their price objective on shares of Andeavor to $151.00 and gave the company a “sector perform” rating in a report on Tuesday, August 14th. They noted that the move was a valuation call. Finally, Mizuho initiated coverage on shares of Andeavor in a report on Thursday, August 2nd. They issued a “neutral” rating and a $158.00 price objective on the stock. Ten investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $144.31.

ANDV stock opened at $153.50 on Tuesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.69 and a current ratio of 1.42. Andeavor has a 52 week low of $89.58 and a 52 week high of $163.19. The stock has a market capitalization of $23.20 billion, a P/E ratio of 23.72, a price-to-earnings-growth ratio of 1.72 and a beta of 1.19.

Andeavor (NYSE:ANDV) last released its quarterly earnings results on Monday, August 6th. The oil and gas company reported $3.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.96 by $0.58. Andeavor had a net margin of 4.91% and a return on equity of 8.52%. The business had revenue of $12.47 billion for the quarter, compared to the consensus estimate of $12.36 billion. On average, analysts predict that Andeavor will post 8.91 EPS for the current year.

In related news, Director Paul L. Foster sold 52,800 shares of the company’s stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $155.74, for a total value of $8,223,072.00. Following the transaction, the director now directly owns 1,255,452 shares in the company, valued at $195,524,094.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Stephan E. Tompsett sold 490 shares of the company’s stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $151.65, for a total transaction of $74,308.50. The disclosure for this sale can be found here. Insiders sold 142,541 shares of company stock worth $21,709,482 over the last 90 days. 7.00% of the stock is currently owned by corporate insiders.

Andeavor Company Profile

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.

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Institutional Ownership by Quarter for Andeavor (NYSE:ANDV)

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