Andeavor (ANDV) Plans Quarterly Dividend of $0.59

Andeavor (NYSE:ANDV) declared a quarterly dividend on Wednesday, February 14th, Zacks reports. Investors of record on Wednesday, February 28th will be paid a dividend of 0.59 per share by the oil and gas company on Thursday, March 15th. This represents a $2.36 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend is Tuesday, February 27th.

Andeavor has a dividend payout ratio of 35.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Andeavor to earn $11.94 per share next year, which means the company should continue to be able to cover its $2.36 annual dividend with an expected future payout ratio of 19.8%.

Shares of Andeavor (ANDV) traded up $1.79 during trading on Thursday, reaching $94.34. The company had a trading volume of 269,595 shares, compared to its average volume of 1,573,137. Andeavor has a 52-week low of $75.11 and a 52-week high of $121.71. The stock has a market capitalization of $14,510.00, a P/E ratio of 23.75, a price-to-earnings-growth ratio of 0.91 and a beta of 1.39. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.65 and a current ratio of 1.38.

A number of brokerages recently commented on ANDV. Evercore ISI upgraded Andeavor to a “buy” rating and set a $128.00 price objective on the stock in a research report on Thursday, November 2nd. Wells Fargo & Co lifted their price objective on Andeavor to $141.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 6th. ValuEngine upgraded Andeavor from a “hold” rating to a “buy” rating in a research report on Wednesday, December 6th. Barclays reiterated a “buy” rating and set a $162.00 price objective on shares of Andeavor in a research report on Wednesday, January 10th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and set a $130.00 price objective (down previously from $138.00) on shares of Andeavor in a research report on Tuesday. Six analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $126.72.

In related news, Director Jeff A. Stevens sold 25,000 shares of the business’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $111.24, for a total transaction of $2,781,000.00. Following the completion of the transaction, the director now directly owns 1,529,174 shares of the company’s stock, valued at approximately $170,105,315.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul L. Foster sold 54,400 shares of the business’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $114.99, for a total value of $6,255,456.00. Following the transaction, the director now directly owns 1,413,468 shares of the company’s stock, valued at $162,534,685.32. The disclosure for this sale can be found here. Insiders sold a total of 298,088 shares of company stock worth $34,122,422 in the last quarter. Company insiders own 0.86% of the company’s stock.

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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.

Dividend History for Andeavor (NYSE:ANDV)

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