Cedar Capital LLC Takes $2.31 Million Position in Andeavor (ANDV)
Cedar Capital LLC acquired a new stake in Andeavor (NASDAQ:ANDV) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 22,371 shares of the company’s stock, valued at approximately $2,308,000. Andeavor makes up approximately 1.1% of Cedar Capital LLC’s holdings, making the stock its 19th biggest position.
Several other hedge funds have also made changes to their positions in ANDV. Boston Partners acquired a new position in shares of Andeavor in the 3rd quarter valued at $773,141,000. Prudential Financial Inc. acquired a new position in shares of Andeavor in the 3rd quarter valued at $150,513,000. APG Asset Management N.V. acquired a new position in shares of Andeavor in the 3rd quarter valued at $85,187,000. Jennison Associates LLC acquired a new stake in shares of Andeavor during the 3rd quarter worth about $81,868,000. Finally, Principal Financial Group Inc. acquired a new stake in shares of Andeavor during the 3rd quarter worth about $46,997,000.
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A number of brokerages recently issued reports on ANDV. Zacks Investment Research cut shares of Andeavor from a “buy” rating to a “hold” rating in a research report on Thursday, October 19th. Barclays PLC reiterated an “overweight” rating and set a $121.00 target price (up previously from $118.00) on shares of Andeavor in a research report on Tuesday, October 10th. BidaskClub upgraded shares of Andeavor from a “hold” rating to a “buy” rating in a research report on Thursday, August 31st. Cowen and Company reiterated a “buy” rating and set a $120.00 target price on shares of Andeavor in a research report on Thursday, September 28th. Finally, Wells Fargo & Company reiterated an “outperform” rating and set a $127.00 target price (up previously from $106.00) on shares of Andeavor in a research report on Tuesday, October 17th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Andeavor currently has a consensus rating of “Buy” and an average price target of $117.38.
Andeavor (NASDAQ:ANDV) traded up $0.20 on Friday, reaching $107.20. 1,457,752 shares of the company’s stock traded hands, compared to its average volume of 1,180,000. Andeavor has a 52-week low of $75.11 and a 52-week high of $112.21.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend is Wednesday, November 29th.
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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