FDx Advisors Inc. raised its position in shares of Andeavor (NYSE:ANDV) by 22.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,890 shares of the oil and gas company’s stock after buying an additional 2,181 shares during the quarter. FDx Advisors Inc.’s holdings in Andeavor were worth $1,360,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Daiwa SB Investments Ltd. acquired a new position in shares of Andeavor in the 4th quarter valued at about $106,000. Sun Life Financial INC acquired a new position in shares of Andeavor in the 3rd quarter valued at about $110,000. Bollard Group LLC acquired a new position in shares of Andeavor in the 3rd quarter valued at about $123,000. Cerebellum GP LLC acquired a new position in shares of Andeavor in the 4th quarter valued at about $127,000. Finally, Bronfman E.L. Rothschild L.P. acquired a new position in shares of Andeavor in the 3rd quarter valued at about $155,000. 80.74% of the stock is owned by institutional investors.
In related news, Director Jeff A. Stevens sold 25,000 shares of the stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $111.24, for a total value of $2,781,000.00. Following the transaction, the director now owns 1,529,174 shares in the company, valued at $170,105,315.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Paul L. Foster sold 51,700 shares of the stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $120.97, for a total value of $6,254,149.00. The disclosure for this sale can be found here. Insiders sold 298,088 shares of company stock worth $34,122,422 in the last 90 days. 0.86% of the stock is currently owned by corporate insiders.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors 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 dividend on an annualized basis and a yield of 2.50%. Andeavor’s dividend payout ratio is currently 23.89%.
A number of equities analysts have recently weighed in on the company. Evercore ISI upgraded Andeavor to a “buy” rating and set a $128.00 target price on the stock in a report on Thursday, November 2nd. Wells Fargo & Co upped their target price on Andeavor to $141.00 and gave the company an “outperform” rating in a report on Wednesday, December 6th. ValuEngine upgraded Andeavor from a “hold” rating to a “buy” rating in a report on Wednesday, December 6th. Barclays reiterated a “buy” rating and issued a $162.00 target price on shares of Andeavor in a report on Wednesday, January 10th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $130.00 target price (down previously from $138.00) on shares of Andeavor in a report on Tuesday, February 20th. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $126.17.
TRADEMARK VIOLATION WARNING: “FDx Advisors Inc. Has $1.36 Million Holdings in Andeavor (ANDV)” was published by Ticker Report and is the sole property of of Ticker Report. If you are accessing this article on another website, it was stolen and republished in violation of US and international trademark & copyright legislation. The correct version of this article can be read at https://www.tickerreport.com/banking-finance/3222975/fdx-advisors-inc-has-1-36-million-holdings-in-andeavor-andv.html.
Andeavor Company Profile
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.
Want to see what other hedge funds are holding ANDV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades 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.