Zacks Investment Research lowered shares of Andeavor (NASDAQ:ANDV) from a strong-buy rating to a hold rating in a research note issued to investors on Wednesday morning.

According to Zacks, “Andeavor Corp engages in the refining and marketing of petroleum products. The company’s operating segments consists of Refining, Logistics and Marketing. Refining segment refines crude oil and other feed stocks into transportation fuels, such as gasoline and gasoline blend stocks, 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. Logistics segment includes crude oil and natural gas gathering assets, natural gas and natural gas liquid processing assets and crude oil and refined products terminalling, transportation and storage assets. Marketing segment sells transportation fuels through branded and unbranded channels. Its brand portfolio includes ARCO, Shell, Exxon, Mobil, USA Gasoline, Rebel and Tesoro. Andeavor Corp, formerly known as Tesoro Corporation, is headquartered in San Antonio, Texas. “

ANDV has been the topic of several other research reports. BidaskClub raised shares of Andeavor from a hold rating to a buy rating in a report on Thursday, August 31st. Morgan Stanley initiated coverage on shares of Andeavor in a report on Wednesday, August 2nd. They issued an overweight rating on the stock.

Andeavor (NASDAQ:ANDV) traded down 0.86% on Wednesday, reaching $102.28. 102,534 shares of the company’s stock were exchanged. Andeavor has a one year low of $75.11 and a one year high of $104.00. The stock has a market cap of $16.36 billion and a price-to-earnings ratio of 17.10. The firm has a 50 day moving average of $97.45 and a 200-day moving average of $88.79.

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The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be issued a $0.59 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $2.36 annualized dividend and a yield of 2.29%.

About Andeavor

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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