Deutsche Bank AG grew its stake in shares of Andeavor (NYSE:ANDV) by 61.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 876,993 shares of the oil and gas company’s stock after buying an additional 335,349 shares during the period. Deutsche Bank AG’s holdings in Andeavor were worth $100,270,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently bought and sold shares of the company. Wolverine Asset Management LLC purchased a new position in shares of Andeavor during the 4th quarter valued at about $5,145,000. Discovery Capital Management LLC CT purchased a new position in shares of Andeavor during the 4th quarter valued at about $30,823,000. Advisor Group Inc. lifted its position in shares of Andeavor by 8.4% during the 4th quarter. Advisor Group Inc. now owns 20,205 shares of the oil and gas company’s stock valued at $2,309,000 after buying an additional 1,564 shares in the last quarter. Granite Springs Asset Management LLC purchased a new position in shares of Andeavor during the 4th quarter valued at about $229,000. Finally, Driehaus Capital Management LLC purchased a new position in Andeavor in the 4th quarter worth approximately $213,000. 79.59% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts recently commented on ANDV shares. Barclays reissued a “buy” rating and issued a $162.00 price target on shares of Andeavor in a report on Wednesday, January 10th. Piper Jaffray Companies reissued a “buy” rating and issued a $153.00 price target on shares of Andeavor in a report on Monday, January 22nd. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $130.00 price target (down from $138.00) on shares of Andeavor in a report on Tuesday, February 20th. Credit Suisse Group started coverage on Andeavor in a report on Wednesday, January 3rd. They issued an “outperform” rating and a $142.00 price target on the stock. Finally, Citigroup raised Andeavor from a “neutral” rating to a “buy” rating and set a $132.00 price target on the stock in a report on Wednesday, February 14th. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $126.50.
Andeavor (NYSE:ANDV) last released its quarterly earnings data on Thursday, February 15th. The oil and gas company reported $0.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.18 by ($0.81). Andeavor had a return on equity of 6.86% and a net margin of 4.37%. The firm had revenue of $10.65 billion during the quarter, compared to the consensus estimate of $10.79 billion. sell-side analysts expect that Andeavor will post 9.98 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend is Tuesday, February 27th. Andeavor’s payout ratio is 23.89%.
In other Andeavor news, VP Blane W. Peery sold 1,012 shares of Andeavor stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $89.64, for a total value of $90,715.68. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 completion of the sale, the director now directly owns 1,413,468 shares in the company, valued at approximately $162,534,685.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 254,100 shares of company stock worth $29,338,288. Corporate insiders own 0.86% of the company’s stock.
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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