Caisse DE Depot ET Placement DU Quebec lessened its holdings in shares of Andeavor (NYSE:ANDV) by 20.2% during the 4th quarter, Holdings Channel reports. The firm owned 71,400 shares of the oil and gas company’s stock after selling 18,100 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Andeavor were worth $8,164,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Nationwide Fund Advisors acquired a new position in shares of Andeavor during the 3rd quarter valued at about $23,331,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Andeavor during the 3rd quarter valued at about $2,440,000. Victory Capital Management Inc. acquired a new position in shares of Andeavor during the 3rd quarter valued at about $1,948,000. Kornitzer Capital Management Inc. KS acquired a new position in shares of Andeavor during the 3rd quarter valued at about $686,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new position in shares of Andeavor during the 3rd quarter valued at about $2,396,000. 78.34% of the stock is currently owned by institutional investors.
Shares of Andeavor (NYSE ANDV) opened at $102.16 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.65 and a current ratio of 1.38. The stock has a market cap of $15,453.33, a PE ratio of 18.11, a price-to-earnings-growth ratio of 1.00 and a beta of 1.51. Andeavor has a one year low of $75.11 and a one year high of $121.71.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be paid a dividend of $0.59 per share. The ex-dividend date is Tuesday, February 27th. This represents a $2.36 dividend on an annualized basis and a yield of 2.31%. Andeavor’s dividend payout ratio (DPR) is presently 23.89%.
Several research analysts have recently weighed in on the stock. Barclays reissued a “buy” rating and set a $162.00 price target on shares of Andeavor in a research report on Wednesday, January 10th. Wells Fargo & Co boosted their price objective on shares of Andeavor to $141.00 and gave the company an “outperform” rating in a report on Wednesday, December 6th. ValuEngine upgraded shares of Andeavor from a “hold” rating to a “buy” rating in a report on Wednesday, December 6th. JPMorgan Chase & Co. restated an “overweight” rating and issued a $130.00 price objective (down from $138.00) on shares of Andeavor in a report on Tuesday, February 20th. Finally, Jefferies Group reduced their price objective on shares of Andeavor from $109.00 to $108.00 and set a “hold” rating on the stock in a report on Monday, November 20th. Six investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Andeavor currently has a consensus rating of “Buy” and a consensus target price of $126.50.
In other Andeavor news, VP Blane W. Peery sold 1,012 shares of the business’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $89.64, for a total transaction of $90,715.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Michael James Morrison purchased 1,700 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were acquired at an average price of $93.83 per share, for a total transaction of $159,511.00. The disclosure for this purchase can be found here. Insiders have sold 254,100 shares of company stock worth $29,338,288 over the last quarter. Insiders own 0.86% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “Caisse DE Depot ET Placement DU Quebec Sells 18,100 Shares of Andeavor (ANDV)” was reported by Ticker Report and is the sole property of of Ticker Report. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be viewed at https://www.tickerreport.com/banking-finance/3252624/caisse-de-depot-et-placement-du-quebec-sells-18100-shares-of-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.