DnB Asset Management AS increased its holdings in shares of Andeavor (NYSE:ANDV) by 9.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,000 shares of the oil and gas company’s stock after buying an additional 1,600 shares during the quarter. DnB Asset Management AS’s holdings in Andeavor were worth $2,172,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of ANDV. Sun Life Financial INC bought a new position in Andeavor during the 3rd quarter worth about $110,000. Bollard Group LLC bought a new position in Andeavor during the 3rd quarter worth about $123,000. Edge Wealth Management LLC bought a new position in Andeavor during the 3rd quarter worth about $128,000. Bronfman E.L. Rothschild L.P. bought a new position in Andeavor during the 3rd quarter worth about $155,000. Finally, Robecosam AG bought a new position in Andeavor during the 3rd quarter worth about $166,000. 78.85% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Paul L. Foster sold 5,478 shares of Andeavor stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $116.27, for a total transaction of $636,927.06. Following the completion of the transaction, the director now owns 1,422,847 shares in the company, valued at $165,434,420.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeff A. Stevens sold 32,500 shares of Andeavor stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $117.07, for a total value of $3,804,775.00. Following the transaction, the director now owns 1,503,845 shares of the company’s stock, valued at approximately $176,055,134.15. The disclosure for this sale can be found here. Insiders have sold 169,188 shares of company stock valued at $18,798,235 in the last quarter. 0.86% of the stock is currently owned by corporate insiders.
Andeavor (NYSE:ANDV) last announced its quarterly earnings data on Wednesday, November 8th. The oil and gas company reported $2.70 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.03 by ($0.33). Andeavor had a net margin of 2.35% and a return on equity of 7.15%. The company had revenue of $9.84 billion during the quarter, compared to the consensus estimate of $9.94 billion. The business’s revenue for the quarter was up 50.3% on a year-over-year basis. sell-side analysts expect that Andeavor will post 6.9 earnings per share for the current fiscal year.
A number of research firms have issued reports on ANDV. Evercore ISI upgraded Andeavor to a “buy” rating and set a $128.00 target price for the company in a report on Thursday, November 2nd. Barclays reiterated a “buy” rating and set a $162.00 target price on shares of Andeavor in a report on Wednesday, January 10th. Zacks Investment Research cut Andeavor from a “buy” rating to a “hold” rating in a report on Thursday, October 19th. ValuEngine cut Andeavor from a “buy” rating to a “hold” rating in a report on Wednesday, November 22nd. Finally, Wells Fargo & Co raised their price objective on Andeavor to $141.00 and gave the company an “outperform” rating in a report on Wednesday, December 6th. Seven research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $121.32.
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Andeavor Company Profile
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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