Raymond James Trust N.A. Boosts Stake in Andeavor (ANDV)
Raymond James Trust N.A. lifted its holdings in Andeavor (NYSE:ANDV) by 36.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,473 shares of the oil and gas company’s stock after buying an additional 929 shares during the period. Raymond James Trust N.A.’s holdings in Andeavor were worth $397,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the company. Public Employees Retirement Association of Colorado boosted its stake in shares of Andeavor by 3.4% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 30,118 shares of the oil and gas company’s stock worth $3,444,000 after purchasing an additional 994 shares during the period. Greenwood Capital Associates LLC purchased a new position in shares of Andeavor during the 4th quarter worth about $498,000. US Bancorp DE boosted its stake in shares of Andeavor by 34.0% during the 4th quarter. US Bancorp DE now owns 34,365 shares of the oil and gas company’s stock worth $3,929,000 after purchasing an additional 8,726 shares during the period. Aperio Group LLC boosted its stake in shares of Andeavor by 13.0% during the 4th quarter. Aperio Group LLC now owns 70,622 shares of the oil and gas company’s stock worth $8,075,000 after purchasing an additional 8,118 shares during the period. Finally, Palisade Asset Management LLC purchased a new position in shares of Andeavor during the 4th quarter worth about $246,000. Hedge funds and other institutional investors own 79.08% of the company’s stock.
In other news, Director Michael E. Wiley sold 700 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $106.24, for a total value of $74,368.00. Following the completion of the sale, the director now owns 41,850 shares in the company, valued at approximately $4,446,144. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Paul L. Foster sold 54,400 shares of the business’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $114.99, for a total transaction of $6,255,456.00. Following the completion of the sale, the director now owns 1,413,468 shares of the company’s stock, valued at approximately $162,534,685.32. The disclosure for this sale can be found here. Over the last three months, insiders sold 307,788 shares of company stock valued at $35,129,190. 0.86% of the stock is owned by corporate insiders.
Andeavor (NYSE:ANDV) last released 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 consensus estimate of $3.03 by ($0.33). The company had revenue of $9.84 billion during the quarter, compared to analysts’ expectations of $9.94 billion. Andeavor had a net margin of 2.35% and a return on equity of 7.15%. Andeavor’s revenue for the quarter was up 50.3% on a year-over-year basis. equities research analysts anticipate that Andeavor will post 6.6 earnings per share for the current year.
ANDV has been the subject of a number of recent analyst reports. Barclays reaffirmed a “buy” rating and set a $162.00 price target on shares of Andeavor in a research note on Wednesday, January 10th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $107.00 price target (down from $109.00) on shares of Andeavor in a research note on Thursday, November 9th. Credit Suisse Group initiated coverage on shares of Andeavor in a research note on Wednesday, January 3rd. They set an “outperform” rating and a $142.00 price target for the company. Piper Jaffray Companies reaffirmed a “buy” rating and set a $153.00 price target on shares of Andeavor in a research note on Monday, January 22nd. Finally, Zacks Investment Research cut shares of Andeavor from a “buy” rating to a “hold” rating in a research note on Thursday, October 19th. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $124.94.
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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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