Andeavor (ANDV) Upgraded at Jefferies Group

Jefferies Group upgraded shares of Andeavor (NYSE:ANDV) from a hold rating to a buy rating in a research note released on Thursday, MarketBeat reports. The firm currently has $108.00 price target on the oil and gas company’s stock. Jefferies Group also issued estimates for Andeavor’s Q3 2018 earnings at $4.26 EPS, FY2018 earnings at $9.58 EPS and FY2019 earnings at $8.42 EPS.

Several other analysts have also weighed in on ANDV. ValuEngine upgraded Andeavor from a buy rating to a strong-buy rating in a report on Friday, April 27th. Credit Suisse Group restated an outperform rating and set a $148.00 price target on shares of Andeavor in a report on Wednesday, March 7th. JPMorgan Chase restated an overweight rating and set a $133.00 price target (up previously from $130.00) on shares of Andeavor in a report on Tuesday, March 13th. Piper Jaffray restated a buy rating and set a $138.00 price target on shares of Andeavor in a report on Friday, February 23rd. Finally, Wells Fargo reiterated an outperform rating and issued a $162.00 target price on shares of Andeavor in a research note on Thursday, March 15th. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $126.94.

NYSE:ANDV opened at $139.76 on Thursday. Andeavor has a fifty-two week low of $78.97 and a fifty-two week high of $144.08. The firm has a market cap of $21,490.06, a P/E ratio of 21.60, a P/E/G ratio of 1.51 and a beta of 1.35. 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 (NYSE:ANDV) last released its quarterly earnings results on Thursday, February 15th. The oil and gas company reported $0.37 earnings per share for the quarter, missing the Thomson Reuters’ 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 company had revenue of $10.65 billion for the quarter, compared to analysts’ expectations of $10.79 billion. sell-side analysts forecast that Andeavor will post 9.24 EPS for the current year.

In other news, VP Blane W. Peery sold 1,012 shares of the stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $89.64, for a total transaction of $90,715.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Paul L. Foster sold 100,000 shares of the stock in a transaction on Wednesday, May 2nd. The stock was sold at an average price of $135.31, for a total value of $13,531,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 724,124 shares of company stock worth $86,751,068. Insiders own 7.00% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Fulton Bank N.A. grew its position in shares of Andeavor by 15.1% during the 1st quarter. Fulton Bank N.A. now owns 3,098 shares of the oil and gas company’s stock worth $312,000 after buying an additional 407 shares in the last quarter. Commerzbank Aktiengesellschaft FI grew its position in shares of Andeavor by 0.7% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 64,661 shares of the oil and gas company’s stock worth $7,393,000 after buying an additional 445 shares in the last quarter. Nisa Investment Advisors LLC grew its position in shares of Andeavor by 0.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 71,194 shares of the oil and gas company’s stock worth $8,140,000 after buying an additional 483 shares in the last quarter. Ffcm LLC grew its position in shares of Andeavor by 257.6% during the 1st quarter. Ffcm LLC now owns 819 shares of the oil and gas company’s stock worth $114,000 after buying an additional 590 shares in the last quarter. Finally, Sigma Planning Corp grew its position in shares of Andeavor by 32.6% during the 4th quarter. Sigma Planning Corp now owns 2,735 shares of the oil and gas company’s stock worth $313,000 after buying an additional 673 shares in the last quarter. 79.09% of the stock is currently owned by institutional investors and hedge funds.

Andeavor Company Profile

Andeavor, through its subsidiaries, operates as an independent petroleum refining, logistics, and marketing company in the United States. The company operates in three segments: Marketing, Logistics, and Refining. The Marketing segment sells gasoline and diesel fuel through retail, branded, and unbranded channels.

Analyst Recommendations for Andeavor (NYSE:ANDV)

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