QS Investors LLC trimmed its position in shares of Andeavor (NYSE:ANDV) by 4.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 94,296 shares of the oil and gas company’s stock after selling 4,342 shares during the quarter. QS Investors LLC’s holdings in Andeavor were worth $10,782,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Prudential Financial Inc. purchased a new position in shares of Andeavor during the 3rd quarter valued at about $150,513,000. State of Tennessee Treasury Department raised its holdings in shares of Andeavor by 219.5% during the 4th quarter. State of Tennessee Treasury Department now owns 517,128 shares of the oil and gas company’s stock valued at $59,128,000 after buying an additional 355,260 shares in the last quarter. Polianta Ltd bought a new position in Andeavor during the 4th quarter worth approximately $1,292,000. Shell Asset Management Co. bought a new position in Andeavor during the 4th quarter worth approximately $8,272,000. Finally, Harbour Capital Advisors LLC bought a new position in Andeavor during the 4th quarter worth approximately $593,000. 78.34% of the stock is currently owned by institutional investors.
Shares of Andeavor (ANDV) opened at $102.16 on Friday. The firm has a market capitalization of $15,708.53, a P/E ratio of 18.41, a PEG ratio of 1.01 and a beta of 1.51. Andeavor has a 1 year low of $75.11 and a 1 year high of $121.71. 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 firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be given a $0.59 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.31%. Andeavor’s dividend payout ratio is currently 23.89%.
In other news, Director Paul L. Foster sold 54,400 shares of Andeavor stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $114.99, for a total value of $6,255,456.00. Following the sale, the director now directly owns 1,413,468 shares in the company, valued at approximately $162,534,685.32. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Blane W. Peery sold 1,012 shares of Andeavor stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $89.64, for a total value of $90,715.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 254,100 shares of company stock worth $29,338,288. Corporate insiders own 0.86% of the company’s stock.
ANDV has been the topic of several recent research reports. Zacks Investment Research upgraded Andeavor from a “hold” rating to a “buy” rating and set a $133.00 price target on the stock in a research report on Monday, January 22nd. Piper Jaffray Companies restated a “buy” rating and set a $153.00 price target on shares of Andeavor in a research report on Monday, January 22nd. Barclays restated a “buy” rating and set a $162.00 price target on shares of Andeavor in a research report on Wednesday, January 10th. UBS Group raised their price target on Andeavor from $116.00 to $123.00 and gave the stock a “buy” rating in a research report on Wednesday, November 15th. Finally, ValuEngine upgraded Andeavor from a “hold” rating to a “buy” rating in a research report on Wednesday, December 6th. Six investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $126.50.
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.
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