Andeavor Logistics LP (NYSE:ANDX) Director Jeff A. Stevens purchased 11,980 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was bought at an average cost of $48.00 per share, with a total value of $575,040.00. Following the acquisition, the director now owns 240,150 shares of the company’s stock, valued at $11,527,200. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of Andeavor Logistics LP (NYSE ANDX) opened at $48.19 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.41. Andeavor Logistics LP has a fifty-two week low of $42.18 and a fifty-two week high of $56.78. The company has a market cap of $10,475.14, a price-to-earnings ratio of 18.93, a price-to-earnings-growth ratio of 3.21 and a beta of 1.23.
Andeavor Logistics (NYSE:ANDX) last released its earnings results on Thursday, February 15th. The oil and gas company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.21). Andeavor Logistics had a return on equity of 19.31% and a net margin of 14.67%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $519.00 million. equities analysts forecast that Andeavor Logistics LP will post 3.02 earnings per share for the current fiscal year.
A number of analysts recently weighed in on the stock. Jefferies Group raised their price target on shares of Andeavor Logistics from $41.00 to $45.00 and gave the company a “hold” rating in a report on Monday, November 20th. Zacks Investment Research lowered shares of Andeavor Logistics from a “hold” rating to a “strong sell” rating in a report on Monday. BidaskClub raised shares of Andeavor Logistics from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 7th. SunTrust Banks reissued a “buy” rating and issued a $62.00 price target on shares of Andeavor Logistics in a report on Friday, November 10th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $58.00 price target on shares of Andeavor Logistics in a report on Friday. Two research analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. Andeavor Logistics currently has an average rating of “Buy” and a consensus price target of $54.50.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. grew its holdings in Andeavor Logistics by 512.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 4,694 shares of the oil and gas company’s stock worth $217,000 after acquiring an additional 3,928 shares during the period. Wealthsource Partners LLC acquired a new stake in Andeavor Logistics during the 4th quarter worth $235,000. Brookfield Asset Management Inc. acquired a new stake in Andeavor Logistics during the 4th quarter worth $216,686,000. Lake Street Advisors Group LLC acquired a new stake in Andeavor Logistics during the 4th quarter worth $318,000. Finally, Westwood Holdings Group Inc. grew its holdings in Andeavor Logistics by 13.5% during the 4th quarter. Westwood Holdings Group Inc. now owns 1,024,854 shares of the oil and gas company’s stock worth $47,338,000 after acquiring an additional 122,085 shares during the period. 36.89% of the stock is owned by hedge funds and other institutional investors.
About Andeavor Logistics
Andeavor Logistics LP, formerly Tesoro Logistics LP, is a full-service logistics company operating in the western and mid-continent regions of the United States. The Company operates through three segments. Its Gathering segment consists of crude oil, natural gas and produced water gathering systems in the Bakken Region and Rockies Region.
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