Andeavor (NYSE:ANDV) had its price objective lowered by equities research analysts at JPMorgan Chase from $133.00 to $131.00 in a note issued to investors on Monday. The firm presently has an “overweight” rating on the oil and gas company’s stock. JPMorgan Chase’s target price indicates a potential upside of 22.54% from the stock’s current price.
A number of other equities research analysts also recently weighed in on the company. Barclays reaffirmed a “buy” rating and set a $162.00 price objective on shares of Andeavor in a research report on Wednesday, January 10th. Piper Jaffray reaffirmed a “buy” rating and set a $153.00 price objective on shares of Andeavor in a research report on Monday, January 22nd. Citigroup raised Andeavor from a “neutral” rating to a “buy” rating and set a $132.00 price objective on the stock in a research report on Wednesday, February 14th. Credit Suisse Group started coverage on Andeavor in a research report on Wednesday, January 3rd. They set an “outperform” rating and a $142.00 price objective on the stock. Finally, Zacks Investment Research raised Andeavor from a “hold” rating to a “buy” rating and set a $133.00 price objective on the stock in a research report on Monday, January 22nd. Six analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $127.72.
Shares of Andeavor stock opened at $106.90 on Monday. Andeavor has a 12 month low of $75.11 and a 12 month high of $121.71. The firm has a market cap of $16,437.43, a PE ratio of 16.52, a PEG ratio of 1.19 and a beta of 1.38. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.65 and a current ratio of 1.38.
In other Andeavor news, VP Blane W. Peery sold 1,012 shares of the firm’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $89.64, for a total value of $90,715.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul L. Foster sold 51,700 shares of the firm’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $120.97, for a total value of $6,254,149.00. The disclosure for this sale can be found here. In the last three months, insiders sold 173,124 shares of company stock valued at $20,327,028. Corporate insiders own 7.00% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. State of Tennessee Treasury Department lifted its holdings in shares of Andeavor by 219.5% during the fourth quarter. State of Tennessee Treasury Department now owns 517,128 shares of the oil and gas company’s stock worth $59,128,000 after purchasing an additional 355,260 shares during the period. Prudential Financial Inc. acquired a new stake in shares of Andeavor during the third quarter worth about $150,513,000. Polianta Ltd acquired a new stake in shares of Andeavor during the fourth quarter worth about $1,292,000. Shell Asset Management Co. acquired a new stake in shares of Andeavor during the fourth quarter worth about $8,272,000. Finally, Harbour Capital Advisors LLC acquired a new stake in shares of Andeavor during the fourth quarter worth about $593,000. 79.57% of the stock is owned by hedge funds and other institutional investors.
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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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