Investors Buy Andeavor (ANDV) on Weakness
Traders bought shares of Andeavor (NASDAQ:ANDV) on weakness during trading hours on Thursday. $48.51 million flowed into the stock on the tick-up and $26.83 million flowed out of the stock on the tick-down, for a money net flow of $21.68 million into the stock. Of all stocks tracked, Andeavor had the 28th highest net in-flow for the day. Andeavor traded down ($0.47) for the day and closed at $100.15
Several equities research analysts have weighed in on ANDV shares. Morgan Stanley started coverage on Andeavor in a research report on Wednesday, August 2nd. They set an “overweight” rating on the stock. BidaskClub raised Andeavor from a “hold” rating to a “buy” rating in a research report on Thursday.
The firm has a 50 day moving average of $96.79 and a 200 day moving average of $88.22. The company has a market cap of $16.35 billion and a P/E ratio of 17.09.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be paid a $0.59 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $2.36 dividend on an annualized basis and a yield of 2.31%.
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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.