TIAA FSB purchased a new stake in Andeavor (NASDAQ:ANDV) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 13,922 shares of the company’s stock, valued at approximately $1,436,000.
Other hedge funds have also recently made changes to their positions in the company. PGGM Investments bought a new stake in Andeavor in the 3rd quarter valued at $3,007,000. Mutual of America Capital Management LLC bought a new stake in Andeavor in the 3rd quarter valued at $2,421,000. Denali Advisors LLC bought a new stake in Andeavor in the 3rd quarter valued at $5,560,000. Midas Management Corp bought a new stake in Andeavor in the 3rd quarter valued at $1,444,000. Finally, Meeder Asset Management Inc. bought a new stake in Andeavor in the 3rd quarter valued at $3,177,000.
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Shares of Andeavor (ANDV) traded down $0.46 during trading hours on Tuesday, reaching $105.69. 1,239,369 shares of the company’s stock traded hands, compared to its average volume of 1,180,000. Andeavor has a 52-week low of $75.11 and a 52-week high of $112.21.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be given a dividend of $0.59 per share. The ex-dividend date is Wednesday, November 29th. This represents a $2.36 annualized dividend and a yield of 2.23%.
ANDV has been the topic of several research reports. Evercore ISI raised shares of Andeavor from an “in-line” rating to an “outperform” rating in a research report on Thursday, November 2nd. Zacks Investment Research raised shares of Andeavor from a “hold” rating to a “strong-buy” rating and set a $118.00 price objective on the stock in a research report on Tuesday, September 12th. Howard Weil cut shares of Andeavor from a “sector outperform” rating to a “sector perform” rating and set a $112.00 price objective on the stock. in a research report on Thursday, September 28th. J P Morgan Chase & Co started coverage on shares of Andeavor in a research report on Friday, November 3rd. They set an “overweight” rating and a $121.00 price target on the stock. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $101.00 price target on shares of Andeavor in a research report on Friday, October 13th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Andeavor currently has an average rating of “Buy” and a consensus price target of $117.38.
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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