Picton Mahoney Asset Management trimmed its holdings in Andeavor (NYSE:ANDV) by 2.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 94,100 shares of the oil and gas company’s stock after selling 2,500 shares during the period. Picton Mahoney Asset Management’s holdings in Andeavor were worth $14,444,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the business. Janney Montgomery Scott LLC boosted its stake in Andeavor by 145.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 6,129 shares of the oil and gas company’s stock worth $941,000 after buying an additional 3,635 shares during the last quarter. Gabelli Funds LLC lifted its stake in shares of Andeavor by 67.2% in the 3rd quarter. Gabelli Funds LLC now owns 205,699 shares of the oil and gas company’s stock valued at $31,575,000 after purchasing an additional 82,699 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. lifted its stake in shares of Andeavor by 243.2% in the 3rd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 158,551 shares of the oil and gas company’s stock valued at $24,338,000 after purchasing an additional 112,351 shares in the last quarter. Gamco Investors INC. ET AL lifted its stake in shares of Andeavor by 70.7% in the 3rd quarter. Gamco Investors INC. ET AL now owns 15,700 shares of the oil and gas company’s stock valued at $2,410,000 after purchasing an additional 6,500 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in shares of Andeavor by 127.4% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 6,690 shares of the oil and gas company’s stock valued at $1,027,000 after purchasing an additional 3,748 shares in the last quarter. 77.65% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have recently weighed in on ANDV. Mizuho began coverage on Andeavor in a research note on Thursday, August 2nd. They issued a “neutral” rating and a $158.00 price objective on the stock. ValuEngine raised Andeavor from a “hold” rating to a “buy” rating in a research note on Thursday, July 12th. Citigroup lifted their price objective on Andeavor from $148.00 to $155.00 and gave the company a “hold” rating in a research note on Friday, September 7th. Finally, Royal Bank of Canada lifted their price objective on Andeavor to $151.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 14th. They noted that the move was a valuation call. Ten research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $145.67.
Andeavor (NYSE:ANDV) last released its quarterly earnings data on Monday, August 6th. The oil and gas company reported $3.54 earnings per share for the quarter, beating the consensus estimate of $2.96 by $0.58. The firm had revenue of $12.47 billion during the quarter, compared to analyst estimates of $12.36 billion.
In related news, Director Paul L. Foster sold 58,800 shares of the firm’s stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $149.37, for a total transaction of $8,782,956.00. Following the sale, the director now directly owns 1,280,161 shares in the company, valued at approximately $191,217,648.57. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Keith M. Casey sold 24,571 shares of the firm’s stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $151.11, for a total value of $3,712,923.81. Following the sale, the executive vice president now owns 65,499 shares in the company, valued at $9,897,553.89. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 142,051 shares of company stock worth $21,635,173. Company insiders own 7.00% of the company’s stock.
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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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