Barnett & Company Inc. Buys Shares of 2,720 Andeavor Logistics LP (ANDX)
Barnett & Company Inc. purchased a new position in shares of Andeavor Logistics LP (NYSE:ANDX) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,720 shares of the oil and gas company’s stock, valued at approximately $136,000.
Several other institutional investors have also recently modified their holdings of ANDX. IndexIQ Advisors LLC bought a new position in Andeavor Logistics in the 3rd quarter valued at approximately $103,000. Ffcm LLC bought a new position in Andeavor Logistics in the 3rd quarter valued at approximately $110,000. Penserra Capital Management LLC bought a new position in Andeavor Logistics in the 3rd quarter valued at approximately $131,000. First Manhattan Co. bought a new position in Andeavor Logistics in the 3rd quarter valued at approximately $150,000. Finally, Cedar Wealth Management LLC bought a new position in Andeavor Logistics in the 3rd quarter valued at approximately $169,000. 34.86% of the stock is owned by institutional investors.
In other news, Director Jeff A. Stevens acquired 1,144 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was bought at an average cost of $46.75 per share, for a total transaction of $53,482.00. Following the completion of the transaction, the director now directly owns 2,229 shares in the company, valued at approximately $104,205.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Steven Sterin acquired 1,400 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were purchased at an average price of $45.53 per share, with a total value of $63,742.00. Following the completion of the transaction, the insider now owns 9,714 shares of the company’s stock, valued at $442,278.42. The disclosure for this purchase can be found here. Corporate insiders own 0.15% of the company’s stock.
Andeavor Logistics LP (NYSE:ANDX) opened at $47.48 on Friday. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.01 and a quick ratio of 1.01. Andeavor Logistics LP has a 12-month low of $42.18 and a 12-month high of $60.14. The stock has a market cap of $10,310.89, a P/E ratio of 19.32, a price-to-earnings-growth ratio of 3.42 and a beta of 1.12.
Andeavor Logistics (NYSE:ANDX) last announced its quarterly earnings results on Wednesday, November 8th. The oil and gas company reported $0.90 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.22. Andeavor Logistics had a net margin of 21.85% and a return on equity of 21.26%. The firm had revenue of $444.00 million during the quarter, compared to analysts’ expectations of $414.69 million. During the same period in the prior year, the company posted $0.46 EPS. The company’s revenue was up 44.2% on a year-over-year basis. equities research analysts predict that Andeavor Logistics LP will post 2.79 earnings per share for the current year.
Several brokerages recently commented on ANDX. Scotiabank set a $59.00 price objective on shares of Andeavor Logistics and gave the company a “buy” rating in a research note on Thursday, December 7th. Jefferies Group increased their price objective on shares of Andeavor Logistics from $41.00 to $45.00 and gave the company a “hold” rating in a research note on Monday, November 20th. SunTrust Banks set a $50.00 price objective on shares of Andeavor Logistics and gave the company a “buy” rating in a research note on Friday, November 17th. Barclays dropped their price objective on shares of Andeavor Logistics from $57.00 to $55.00 and set an “overweight” rating for the company in a research note on Friday, November 10th. Finally, BidaskClub raised shares of Andeavor Logistics from a “strong sell” rating to a “sell” rating in a research note on Tuesday, November 7th. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $55.38.
About Andeavor Logistics
Andeavor Logistics LP, formerly Tesoro Logistics LP, is a full-service logistics company operating in the western and mid-continent regions of the United States. The Company operates through three segments. Its Gathering segment consists of crude oil, natural gas and produced water gathering systems in the Bakken Region and Rockies Region.
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