Cbre Clarion Securities LLC lifted its position in shares of Andeavor Logistics LP (NYSE:ANDX) by 19.0% during the fourth quarter, HoldingsChannel reports. The firm owned 112,094 shares of the oil and gas company’s stock after acquiring an additional 17,875 shares during the quarter. Cbre Clarion Securities LLC’s holdings in Andeavor Logistics were worth $5,178,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Tortoise Capital Advisors L.L.C. acquired a new stake in shares of Andeavor Logistics during the third quarter worth about $612,571,000. Alps Advisors Inc. increased its position in shares of Andeavor Logistics by 23.7% during the fourth quarter. Alps Advisors Inc. now owns 7,448,151 shares of the oil and gas company’s stock worth $344,030,000 after purchasing an additional 1,425,683 shares in the last quarter. Center Coast Capital Advisors LP acquired a new stake in shares of Andeavor Logistics during the third quarter worth about $304,622,000. Harvest Fund Advisors LLC acquired a new stake in shares of Andeavor Logistics during the third quarter worth about $288,697,000. Finally, Advisory Research Inc. increased its position in shares of Andeavor Logistics by 3.6% during the fourth quarter. Advisory Research Inc. now owns 2,776,735 shares of the oil and gas company’s stock worth $128,258,000 after purchasing an additional 97,317 shares in the last quarter. Institutional investors and hedge funds own 36.89% of the company’s stock.
Andeavor Logistics LP (NYSE:ANDX) opened at $48.19 on Tuesday. The stock has a market capitalization of $10,475.14, a PE ratio of 18.93, a P/E/G ratio of 3.21 and a beta of 1.23. Andeavor Logistics LP has a 52-week low of $42.18 and a 52-week high of $56.78. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.07 and a quick ratio of 1.07.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Wednesday, January 31st were given a dividend of $1.00 per share. This is a boost from Andeavor Logistics’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $4.00 annualized dividend and a yield of 8.30%. Andeavor Logistics’s payout ratio is presently 174.67%.
In other Andeavor Logistics news, insider Steven Sterin bought 1,400 shares of the company’s stock in a transaction on Friday, December 1st. The shares were bought at an average price of $45.53 per share, for a total transaction of $63,742.00. Following the transaction, the insider now owns 9,714 shares of the company’s stock, valued at approximately $442,278.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeff A. Stevens bought 11,980 shares of the company’s stock in a transaction on Monday, February 26th. The shares were acquired at an average price of $48.00 per share, for a total transaction of $575,040.00. Following the transaction, the director now directly owns 240,150 shares in the company, valued at approximately $11,527,200. The disclosure for this purchase can be found here. Insiders have acquired a total of 16,504 shares of company stock worth $785,126 in the last quarter. 0.15% of the stock is currently owned by insiders.
ANDX has been the topic of a number of research analyst reports. Citigroup initiated coverage on Andeavor Logistics in a research report on Monday, January 22nd. They set a “buy” rating and a $52.52 target price on the stock. Credit Suisse Group initiated coverage on Andeavor Logistics in a research report on Thursday, January 4th. They issued a “neutral” rating and a $48.00 price target on the stock. Zacks Investment Research upgraded Andeavor Logistics from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research report on Wednesday, January 17th. Bank of America initiated coverage on Andeavor Logistics in a research report on Tuesday, January 9th. They issued a “buy” rating on the stock. Finally, SunTrust Banks set a $50.00 price target on Andeavor Logistics and gave the company a “buy” rating in a research report on Friday, November 17th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $54.50.
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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