Regal Investment Advisors LLC Sells 1,524 Shares of Andeavor (ANDV)
Regal Investment Advisors LLC decreased its stake in shares of Andeavor (NYSE:ANDV) by 6.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,615 shares of the oil and gas company’s stock after selling 1,524 shares during the quarter. Regal Investment Advisors LLC’s holdings in Andeavor were worth $2,471,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Boston Partners increased its holdings in Andeavor by 26.5% during the 4th quarter. Boston Partners now owns 9,484,915 shares of the oil and gas company’s stock worth $1,084,505,000 after purchasing an additional 1,989,609 shares during the period. Bank of New York Mellon Corp purchased a new stake in Andeavor during the 3rd quarter worth about $403,103,000. Dimensional Fund Advisors LP purchased a new stake in Andeavor during the 3rd quarter worth about $333,346,000. Hotchkis & Wiley Capital Management LLC purchased a new stake in Andeavor during the 3rd quarter worth about $214,005,000. Finally, Prudential Financial Inc. purchased a new stake in Andeavor during the 3rd quarter worth about $150,513,000. Institutional investors own 79.08% of the company’s stock.
ANDV has been the topic of several recent research reports. Piper Jaffray Companies restated a “buy” rating and set a $121.00 price target on shares of Andeavor in a report on Friday, November 17th. Royal Bank of Canada reiterated a “hold” rating and issued a $101.00 price objective on shares of Andeavor in a report on Friday, October 13th. Barclays increased their price objective on Andeavor from $121.00 to $147.00 and gave the company an “overweight” rating in a report on Tuesday, November 14th. ValuEngine downgraded Andeavor from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. Finally, BidaskClub upgraded Andeavor from a “hold” rating to a “buy” rating in a report on Tuesday, November 7th. Seven research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Andeavor presently has an average rating of “Buy” and an average price target of $123.74.
Andeavor (NYSE:ANDV) last released its quarterly earnings results on Wednesday, November 8th. The oil and gas company reported $2.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.03 by ($0.33). The firm had revenue of $9.84 billion for the quarter, compared to analysts’ expectations of $9.94 billion. Andeavor had a return on equity of 7.15% and a net margin of 2.35%. The business’s revenue was up 50.3% on a year-over-year basis. analysts expect that Andeavor will post 6.6 earnings per share for the current fiscal year.
In related news, Director Paul L. Foster sold 54,400 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $114.99, for a total transaction of $6,255,456.00. Following the transaction, the director now owns 1,413,468 shares in the company, valued at approximately $162,534,685.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jeff A. Stevens sold 32,500 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $117.58, for a total value of $3,821,350.00. Following the transaction, the director now owns 1,464,024 shares in the company, valued at approximately $172,139,941.92. The disclosure for this sale can be found here. Insiders have sold a total of 307,788 shares of company stock worth $35,129,190 in the last 90 days. 0.86% of the stock is currently owned by company insiders.
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Andeavor Company Profile
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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