King Wealth Management Group LLC bought a new position in shares of Andeavor (NYSE:ANDV) during the 4th quarter, HoldingsChannel reports. The fund bought 1,890 shares of the oil and gas company’s stock, valued at approximately $216,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Daiwa SB Investments Ltd. acquired a new stake in shares of Andeavor during the 4th quarter worth $106,000. Sun Life Financial INC acquired a new stake in shares of Andeavor during the 3rd quarter worth $110,000. Cerebellum GP LLC acquired a new stake in shares of Andeavor during the 4th quarter worth $127,000. Bollard Group LLC acquired a new stake in shares of Andeavor during the 3rd quarter worth $123,000. Finally, Bronfman E.L. Rothschild L.P. acquired a new stake in shares of Andeavor during the 3rd quarter worth $155,000. 80.74% of the stock is currently owned by institutional investors.
Andeavor (ANDV) opened at $94.53 on Monday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.38 and a quick ratio of 0.65. The company has a market capitalization of $14,535.36, a PE ratio of 9.57, a price-to-earnings-growth ratio of 0.94 and a beta of 1.39. Andeavor has a 1 year low of $75.11 and a 1 year high of $121.71.
ANDV has been the topic of several analyst reports. Zacks Investment Research lowered Andeavor from a “buy” rating to a “hold” rating in a report on Friday. Piper Jaffray Companies reissued a “buy” rating and set a $121.00 target price on shares of Andeavor in a report on Friday, November 17th. Barclays upped their price objective on Andeavor from $121.00 to $147.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 14th. Citigroup upgraded Andeavor from a “neutral” rating to a “buy” rating and set a $132.00 price objective for the company in a research report on Wednesday, February 14th. Finally, ValuEngine downgraded Andeavor from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $126.17.
In other Andeavor news, Director Paul L. Foster sold 45,000 shares of the stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $108.33, for a total value of $4,874,850.00. Following the completion of the transaction, the director now directly owns 1,447,567 shares in the company, valued at $156,814,933.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul L. Foster sold 51,700 shares of the stock in a transaction dated Thursday, January 18th. The shares were 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 valued at $34,122,422 over the last quarter. Corporate insiders own 0.86% of the company’s stock.
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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