CapWealth Advisors LLC Cuts Stake in Andeavor (ANDV)

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CapWealth Advisors LLC decreased its stake in shares of Andeavor (NYSE:ANDV) by 4.4% during the second quarter, HoldingsChannel reports. The firm owned 28,362 shares of the oil and gas company’s stock after selling 1,300 shares during the quarter. CapWealth Advisors LLC’s holdings in Andeavor were worth $3,721,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in ANDV. Wells Fargo & Company MN boosted its stake in Andeavor by 18.5% during the first quarter. Wells Fargo & Company MN now owns 697,754 shares of the oil and gas company’s stock worth $70,165,000 after acquiring an additional 108,811 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Andeavor by 497.6% during the first quarter. Victory Capital Management Inc. now owns 124,572 shares of the oil and gas company’s stock worth $12,527,000 after acquiring an additional 103,726 shares in the last quarter. Great Lakes Advisors LLC bought a new stake in Andeavor during the first quarter worth about $248,000. Aperio Group LLC boosted its stake in Andeavor by 1.9% during the first quarter. Aperio Group LLC now owns 71,953 shares of the oil and gas company’s stock worth $7,236,000 after acquiring an additional 1,331 shares in the last quarter. Finally, Neuberger Berman Group LLC boosted its stake in Andeavor by 18.7% during the first quarter. Neuberger Berman Group LLC now owns 15,467 shares of the oil and gas company’s stock worth $1,555,000 after acquiring an additional 2,437 shares in the last quarter. 77.70% of the stock is currently owned by hedge funds and other institutional investors.

ANDV opened at $156.09 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.42 and a quick ratio of 0.69. Andeavor has a twelve month low of $89.58 and a twelve month high of $157.65. The company has a market cap of $23.56 billion, a PE ratio of 21.47, a P/E/G ratio of 1.77 and a beta of 1.15.

Andeavor (NYSE:ANDV) last released its quarterly earnings data on Monday, August 6th. The oil and gas company reported $3.54 earnings per share for the quarter, beating the consensus estimate of $2.96 by $0.58. Andeavor had a net margin of 4.91% and a return on equity of 8.52%. The firm had revenue of $12.47 billion during the quarter, compared to analysts’ expectations of $12.36 billion. research analysts predict that Andeavor will post 8.79 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 14th. Stockholders of record on Friday, August 31st were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Thursday, August 30th. This represents a $2.36 annualized dividend and a dividend yield of 1.51%. Andeavor’s payout ratio is 36.48%.

Several equities research analysts recently commented on the stock. ValuEngine cut shares of Andeavor from a “buy” rating to a “hold” rating in a report on Thursday, June 21st. US Capital Advisors cut shares of Andeavor from a “buy” rating to a “hold” rating in a report on Friday, June 29th. Citigroup lifted their target price on shares of Andeavor from $148.00 to $155.00 and gave the stock a “hold” rating in a report on Friday, September 7th. Mizuho assumed coverage on shares of Andeavor in a report on Thursday, August 2nd. They issued a “neutral” rating and a $158.00 target price for the company. Finally, Morgan Stanley lifted their target price on shares of Andeavor from $145.00 to $182.00 and gave the stock a “hold” rating in a report on Tuesday, May 22nd. Twelve research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $138.75.

In other news, Director Paul L. Foster sold 5,880 shares of the business’s stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $155.82, for a total transaction of $916,221.60. Following the completion of the transaction, the director now directly owns 1,270,217 shares of the company’s stock, valued at $197,925,212.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Stephan E. Tompsett sold 490 shares of the business’s stock in a transaction that occurred on Thursday, August 9th. The shares were sold at an average price of $151.65, for a total transaction of $74,308.50. The disclosure for this sale can be found here. Insiders have sold 318,941 shares of company stock valued at $46,162,050 over the last three months. 7.00% of the stock is owned by corporate insiders.

About Andeavor

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.

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Want to see what other hedge funds are holding ANDV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Andeavor (NYSE:ANDV).

Institutional Ownership by Quarter for Andeavor (NYSE:ANDV)

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