Andeavor Logistics LP (NYSE:ANDX) Director Jeff A. Stevens purchased 1,980 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was bought at an average price of $46.90 per share, with a total value of $92,862.00. Following the acquisition, the director now owns 240,150 shares in the company, valued at $11,263,035. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Andeavor Logistics LP (NYSE ANDX) opened at $48.19 on Tuesday. The company has a market capitalization of $10,475.14, a P/E ratio of 21.04, a PEG ratio of 3.21 and a beta of 1.23. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.07 and a current ratio of 1.07. Andeavor Logistics LP has a one year low of $42.18 and a one year high of $56.78.
Andeavor Logistics (NYSE:ANDX) last announced its quarterly earnings data on Thursday, February 15th. The oil and gas company reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by ($0.21). Andeavor Logistics had a return on equity of 19.31% and a net margin of 14.67%. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $519.00 million. sell-side analysts anticipate that Andeavor Logistics LP will post 3.02 earnings per share for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the stock. First Manhattan Co. bought a new position in Andeavor Logistics during the third quarter worth $150,000. California Public Employees Retirement System bought a new position in Andeavor Logistics during the third quarter worth $2,548,000. Bank of Montreal Can lifted its stake in Andeavor Logistics by 20.1% during the fourth quarter. Bank of Montreal Can now owns 1,320,440 shares of the oil and gas company’s stock worth $60,991,000 after purchasing an additional 220,558 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Andeavor Logistics during the third quarter worth $873,000. Finally, Neuberger Berman Group LLC bought a new position in Andeavor Logistics during the third quarter worth $4,521,000. Hedge funds and other institutional investors own 36.89% of the company’s stock.
Several equities analysts have recently commented on the company. Zacks Investment Research upgraded Andeavor Logistics from a “sell” rating to a “hold” rating in a research note on Tuesday, February 13th. Credit Suisse Group assumed coverage on Andeavor Logistics in a research note on Thursday, January 4th. They set a “neutral” rating and a $48.00 target price for the company. SunTrust Banks set a $50.00 target price on Andeavor Logistics and gave the company a “buy” rating in a research note on Friday, November 17th. Citigroup assumed coverage on Andeavor Logistics in a research note on Monday, January 22nd. They set a “buy” rating and a $52.52 target price for the company. Finally, Barclays reduced their target price on Andeavor Logistics from $57.00 to $55.00 and set an “overweight” rating for the company in a research note on Friday, November 10th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $54.50.
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Andeavor Logistics Company Profile
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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