Andeavor (ANDV) Shares Sold by Cadence Capital Management LLC
Cadence Capital Management LLC cut its holdings in Andeavor (NYSE:ANDV) by 8.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 23,098 shares of the oil and gas company’s stock after selling 2,010 shares during the quarter. Cadence Capital Management LLC’s holdings in Andeavor were worth $2,641,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the stock. AT Bancorp acquired a new stake in Andeavor in the fourth quarter valued at about $341,000. Stephens Inc. AR acquired a new stake in Andeavor in the fourth quarter valued at about $345,000. Raymond James Trust N.A. boosted its stake in Andeavor by 36.5% in the fourth quarter. Raymond James Trust N.A. now owns 3,473 shares of the oil and gas company’s stock valued at $397,000 after buying an additional 929 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its stake in Andeavor by 3.4% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 30,118 shares of the oil and gas company’s stock valued at $3,444,000 after buying an additional 994 shares in the last quarter. Finally, Greenwood Capital Associates LLC acquired a new stake in Andeavor in the fourth quarter valued at about $498,000. 79.08% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Michael E. Wiley sold 700 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $106.24, for a total transaction of $74,368.00. Following the completion of the transaction, the director now directly owns 41,850 shares in the company, valued at $4,446,144. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul L. Foster sold 45,000 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $108.33, for a total value of $4,874,850.00. Following the transaction, the director now owns 1,447,567 shares of the company’s stock, valued at $156,814,933.11. The disclosure for this sale can be found here. Insiders have sold 307,788 shares of company stock valued at $35,129,190 over the last 90 days. 0.86% of the stock is owned by corporate insiders.
Andeavor (NYSE:ANDV) last issued its quarterly earnings data on Wednesday, November 8th. The oil and gas company reported $2.70 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.03 by ($0.33). Andeavor had a return on equity of 7.15% and a net margin of 2.35%. The company had revenue of $9.84 billion for the quarter, compared to the consensus estimate of $9.94 billion. The business’s revenue for the quarter was up 50.3% compared to the same quarter last year. equities research analysts anticipate that Andeavor will post 6.6 EPS for the current fiscal year.
Several research firms recently weighed in on ANDV. BidaskClub lowered Andeavor from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. ValuEngine lowered Andeavor from a “buy” rating to a “hold” rating in a research note on Wednesday, November 22nd. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $127.00 price objective (up from $106.00) on shares of Andeavor in a research note on Tuesday, October 17th. Jefferies Group reduced their price objective on Andeavor from $109.00 to $108.00 and set a “hold” rating on the stock in a research note on Monday, November 20th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and issued a $121.00 target price on shares of Andeavor in a research report on Friday, November 3rd. Seven investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Andeavor currently has an average rating of “Buy” and a consensus price target of $123.74.
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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