MetLife Investment Advisors LLC purchased a new stake in Andeavor (NYSE:ANDV) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 44,405 shares of the oil and gas company’s stock, valued at approximately $5,077,000.
Other large investors also recently made changes to their positions in the company. Daiwa SB Investments Ltd. acquired a new position in Andeavor in the fourth quarter valued at approximately $106,000. Sun Life Financial INC acquired a new position in Andeavor in the third quarter valued at approximately $110,000. Cerebellum GP LLC acquired a new position in Andeavor in the fourth quarter valued at approximately $127,000. Robecosam AG acquired a new position in Andeavor in the third quarter valued at approximately $166,000. Finally, Tower Research Capital LLC TRC lifted its holdings in Andeavor by 1,082.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,656 shares of the oil and gas company’s stock valued at $189,000 after acquiring an additional 1,516 shares during the period. 79.57% of the stock is owned by institutional investors.
Shares of Andeavor stock opened at $100.86 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. Andeavor has a 12-month low of $75.11 and a 12-month high of $121.71. The company has a market capitalization of $15,508.64, a P/E ratio of 10.21, a P/E/G ratio of 1.11 and a beta of 1.51.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Wednesday, February 28th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend was Tuesday, February 27th. Andeavor’s payout ratio is 23.89%.
In related news, Director Paul L. Foster sold 5,478 shares of the business’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $116.27, for a total transaction of $636,927.06. Following the completion of the sale, the director now directly owns 1,422,847 shares in the company, valued at $165,434,420.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Blane W. Peery sold 1,012 shares of the business’s 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 disclosure for this sale can be found here. Insiders have sold 178,602 shares of company stock valued at $20,963,955 over the last quarter. 0.86% of the stock is owned by company insiders.
A number of brokerages have issued reports on ANDV. Wells Fargo reissued an “outperform” rating and issued a $162.00 price target on shares of Andeavor in a report on Thursday, March 15th. They noted that the move was a valuation call. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $133.00 price target (up from $130.00) on shares of Andeavor in a report on Tuesday, March 13th. Credit Suisse Group reissued an “outperform” rating and issued a $148.00 price target on shares of Andeavor in a 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 target price on shares of Andeavor in a research note on Friday, February 23rd. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Andeavor presently has a consensus rating of “Buy” and an average price target of $127.83.
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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