BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $16.76 Million Position in Andeavor (ANDV)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp trimmed its position in Andeavor (NYSE:ANDV) by 1.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 146,589 shares of the oil and gas company’s stock after selling 1,416 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Andeavor were worth $16,761,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the stock. Tuttle Tactical Management LLC purchased a new stake in shares of Andeavor during the 4th quarter worth $777,000. Compagnie Lombard Odier SCmA boosted its position in shares of Andeavor by 28.5% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 4,663 shares of the oil and gas company’s stock worth $533,000 after purchasing an additional 1,033 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in shares of Andeavor by 40.9% during the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 10,339 shares of the oil and gas company’s stock worth $1,182,000 after purchasing an additional 3,000 shares in the last quarter. Meitav Dash Investments Ltd. purchased a new stake in shares of Andeavor during the 4th quarter worth $6,269,000. Finally, Vanguard Capital Wealth Advisors purchased a new stake in shares of Andeavor during the 4th quarter worth $520,000. Hedge funds and other institutional investors own 79.57% of the company’s stock.

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In related news, Director Jeff A. Stevens sold 32,500 shares of the business’s stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $117.07, for a total value of $3,804,775.00. Following the completion of the transaction, the director now owns 1,503,845 shares of the company’s stock, valued at approximately $176,055,134.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 disclosure for this sale can be found here. Insiders sold a total of 178,602 shares of company stock valued at $20,963,955 in the last three months. 0.86% of the stock is currently owned by corporate insiders.

Several brokerages have commented on ANDV. Wells Fargo restated an “outperform” rating and set a $162.00 target price on shares of Andeavor in a research report on Thursday, March 15th. They noted that the move was a valuation call. JPMorgan Chase & Co. restated an “overweight” rating and set a $133.00 target price (up from $130.00) on shares of Andeavor in a research report on Tuesday, March 13th. Credit Suisse Group restated an “outperform” rating and set a $148.00 target price on shares of Andeavor in a research report on Wednesday, March 7th. ValuEngine raised Andeavor from a “hold” rating to a “buy” rating in a research note on Friday, March 2nd. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $138.00 price target on shares of Andeavor in a research note on Friday, February 23rd. Six research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $127.83.

Andeavor stock opened at $100.86 on Friday. Andeavor has a one year low of $75.11 and a one year high of $121.71. The firm has a market cap of $15,519.45, a PE ratio of 10.21, a P/E/G ratio of 1.11 and a beta of 1.51. The company has a quick ratio of 0.65, a current ratio of 1.38 and a debt-to-equity ratio of 0.57.

Andeavor (NYSE:ANDV) last announced its earnings results on Thursday, February 15th. The oil and gas company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $1.18 by ($0.81). Andeavor had a net margin of 4.37% and a return on equity of 6.86%. The firm had revenue of $10.65 billion during the quarter, compared to analyst estimates of $10.79 billion. equities analysts expect that Andeavor will post 9.08 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Wednesday, February 28th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend was Tuesday, February 27th. Andeavor’s payout ratio is 23.89%.

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Andeavor 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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Institutional Ownership by Quarter for Andeavor (NYSE:ANDV)

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