Deutsche Bank assumed coverage on shares of Andeavor Logistics (NYSE:ANDX) in a research report sent to investors on Thursday morning. The firm issued a hold rating and a $52.00 target price on the oil and gas company’s stock.
Several other equities analysts have also recently weighed in on the company. Citigroup started coverage on Andeavor Logistics in a report on Monday, January 22nd. They issued a buy rating and a $52.52 price objective for the company. Zacks Investment Research upgraded Andeavor Logistics from a hold rating to a buy rating and set a $61.00 price objective for the company in a report on Wednesday, January 17th. Bank of America started coverage on Andeavor Logistics in a report on Tuesday, January 9th. They issued a buy rating for the company. Royal Bank of Canada restated a buy rating and issued a $58.00 price objective on shares of Andeavor Logistics in a report on Friday, February 23rd. Finally, Seaport Global Securities restated a buy rating on shares of Andeavor Logistics in a report on Thursday, February 22nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the stock. Andeavor Logistics has an average rating of Buy and a consensus price target of $53.87.
ANDX stock traded down $0.13 during trading hours on Thursday, reaching $48.21. 22,736 shares of the stock were exchanged, compared to its average volume of 513,733. The stock has a market cap of $10,658.41, a PE ratio of 19.26, a price-to-earnings-growth ratio of 4.26 and a beta of 1.25. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.41. Andeavor Logistics has a 12 month low of $42.17 and a 12 month high of $55.66.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Investors of record on Tuesday, May 1st will be paid a $1.015 dividend. This is an increase from Andeavor Logistics’s previous quarterly dividend of $1.00. This represents a $4.06 annualized dividend and a yield of 8.42%. The ex-dividend date of this dividend is Monday, April 30th. Andeavor Logistics’s dividend payout ratio (DPR) is 159.36%.
In related news, Director Jeff A. Stevens acquired 1,980 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was purchased at an average cost of $46.90 per share, for a total transaction of $92,862.00. Following the completion of the transaction, the director now directly owns 240,150 shares of the company’s stock, valued at approximately $11,263,035. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jeff A. Stevens acquired 11,980 shares of the business’s stock in a transaction on Monday, February 26th. The shares were bought at an average price of $48.00 per share, with a total value of $575,040.00. Following the completion of the transaction, the director now directly owns 240,150 shares of the company’s stock, valued at $11,527,200. The disclosure for this purchase can be found here. Insiders purchased a total of 83,929 shares of company stock valued at $3,944,382 over the last quarter. 0.15% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of ANDX. Bank of New York Mellon Corp acquired a new stake in shares of Andeavor Logistics in the third quarter valued at approximately $873,000. Allianz Asset Management GmbH bought a new position in Andeavor Logistics in the third quarter valued at approximately $731,000. Jane Street Group LLC bought a new position in Andeavor Logistics in the third quarter valued at approximately $296,000. Ladenburg Thalmann Financial Services Inc. bought a new position in Andeavor Logistics in the third quarter valued at approximately $380,000. Finally, California Public Employees Retirement System bought a new position in Andeavor Logistics in the third quarter valued at approximately $2,548,000. Hedge funds and other institutional investors own 40.13% of the company’s stock.
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Andeavor Logistics Company Profile
Andeavor Logistics LP operates as a diversified midstream company in the United States. The Terminalling and Transportation segment comprises the Northwest Products Pipeline, including a regulated common carrier products pipeline running from Salt Lake City, Utah to Spokane, Washington and a jet fuel pipeline to the Salt Lake City International Airport; a regulated common carrier refined products pipeline system connecting its refinery to its terminals in Anchorage, Alaska; tankage and related equipment at the refinery; and crude oil and refined products terminals and storage facilities in the western, and southwest and midwestern U.S.
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