Deutsche Bank AG Reduces Position in Andeavor Logistics (ANDX)

Deutsche Bank AG lessened its stake in Andeavor Logistics (NYSE:ANDX) by 73.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 48,024 shares of the oil and gas company’s stock after selling 134,117 shares during the period. Deutsche Bank AG’s holdings in Andeavor Logistics were worth $2,218,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Advisor Group Inc. grew its stake in shares of Andeavor Logistics by 148.1% in the fourth quarter. Advisor Group Inc. now owns 2,481 shares of the oil and gas company’s stock worth $114,000 after acquiring an additional 1,481 shares in the last quarter. Stuart Chaussee & Associates Inc. acquired a new position in shares of Andeavor Logistics in the fourth quarter worth $155,000. MHI Funds LLC acquired a new position in shares of Andeavor Logistics in the fourth quarter worth $157,000. Pitcairn Co. acquired a new position in shares of Andeavor Logistics in the fourth quarter worth $218,000. Finally, Comerica Bank acquired a new position in shares of Andeavor Logistics in the fourth quarter worth $224,000. Institutional investors and hedge funds own 40.26% of the company’s stock.

In related news, Director Jeff A. Stevens purchased 28,134 shares of Andeavor Logistics stock in a transaction that occurred on Friday, March 2nd. The stock was purchased at an average cost of $46.14 per share, with a total value of $1,298,102.76. Following the completion of the transaction, the director now directly owns 300,119 shares in the company, valued at $13,847,490.66. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jeff A. Stevens purchased 41,835 shares of Andeavor Logistics stock in a transaction that occurred on Wednesday, February 28th. The stock was bought at an average cost of $47.29 per share, with a total value of $1,978,377.15. Following the completion of the transaction, the director now owns 259,474 shares of the company’s stock, valued at $12,270,525.46. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 83,929 shares of company stock valued at $3,944,382. Insiders own 0.15% of the company’s stock.

Several equities analysts have commented on ANDX shares. Citigroup started coverage on shares of Andeavor Logistics in a research note on Monday, January 22nd. They issued a “buy” rating and a $52.52 price target for the company. Bank of America started coverage on shares of Andeavor Logistics in a research note on Tuesday, January 9th. They issued a “buy” rating for the company. Zacks Investment Research upgraded shares of Andeavor Logistics from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a research note on Wednesday, January 17th. Credit Suisse Group started coverage on shares of Andeavor Logistics in a research note on Thursday, January 4th. They issued a “neutral” rating and a $48.00 price target for the company. Finally, Seaport Global Securities restated a “buy” rating and issued a $48.00 price target on shares of Andeavor Logistics in a research note on Monday, April 9th. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company. Andeavor Logistics presently has an average rating of “Buy” and a consensus price target of $53.87.

Shares of ANDX stock opened at $48.60 on Friday. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market cap of $10,337.01, a P/E ratio of 19.36, a PEG ratio of 4.16 and a beta of 1.25. Andeavor Logistics has a 12 month low of $42.17 and a 12 month high of $55.66.

Andeavor Logistics (NYSE:ANDX) last issued its earnings results on Thursday, February 15th. The oil and gas company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.21). The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $519.00 million. Andeavor Logistics had a return on equity of 19.31% and a net margin of 14.67%. sell-side analysts anticipate that Andeavor Logistics will post 2.86 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Investors of record on Tuesday, May 1st will be paid a dividend of $1.015 per share. The ex-dividend date is Monday, April 30th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 8.35%. This is an increase from Andeavor Logistics’s previous quarterly dividend of $1.00. Andeavor Logistics’s payout ratio is presently 159.36%.

Andeavor Logistics Profile

Andeavor Logistics LP operates as a diversified midstream company in the United States. The Terminalling and Transportation segment comprises the Northwest Products Pipeline, including a regulated common carrier products pipeline running from Salt Lake City, Utah to Spokane, Washington and a jet fuel pipeline to the Salt Lake City International Airport; a regulated common carrier refined products pipeline system connecting its refinery to its terminals in Anchorage, Alaska; tankage and related equipment at the refinery; and crude oil and refined products terminals and storage facilities in the western, and southwest and midwestern U.S.

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Institutional Ownership by Quarter for Andeavor Logistics (NYSE:ANDX)

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