Goldman Sachs Group Inc. lowered its stake in Andeavor Logistics LP (NYSE:ANDX) by 25.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,742,265 shares of the oil and gas company’s stock after selling 955,217 shares during the period. Goldman Sachs Group Inc.’s holdings in Andeavor Logistics were worth $126,665,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. IndexIQ Advisors LLC bought a new stake in shares of Andeavor Logistics during the 3rd quarter valued at about $103,000. Ffcm LLC bought a new stake in shares of Andeavor Logistics during the 3rd quarter valued at about $110,000. Advisor Group Inc. grew its position in shares of Andeavor Logistics by 148.1% during the 4th quarter. Advisor Group Inc. now owns 2,481 shares of the oil and gas company’s stock valued at $114,000 after buying an additional 1,481 shares during the last quarter. Barnett & Company Inc. bought a new stake in shares of Andeavor Logistics during the 3rd quarter valued at about $136,000. Finally, Stuart Chaussee & Associates Inc. bought a new stake in shares of Andeavor Logistics during the 4th quarter valued at about $155,000. 40.13% of the stock is owned by institutional investors.

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ANDX has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Andeavor Logistics from a “sell” rating to a “hold” rating in a research report on Tuesday, February 13th. Credit Suisse Group began coverage on shares of Andeavor Logistics in a research report on Thursday, January 4th. They set a “neutral” rating and a $48.00 price objective for the company. SunTrust Banks set a $50.00 target price on shares of Andeavor Logistics and gave the stock a “buy” rating in a research report on Friday, November 17th. Citigroup began coverage on shares of Andeavor Logistics in a research report on Monday, January 22nd. They issued a “buy” rating and a $52.52 target price for the company. Finally, Seaport Global Securities restated a “buy” rating on shares of Andeavor Logistics in a research report on Thursday, February 22nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company. Andeavor Logistics currently has an average rating of “Buy” and an average price target of $54.66.

In related news, Director Jeff A. Stevens purchased 1,980 shares of Andeavor Logistics stock in a transaction dated Friday, February 23rd. The stock was bought at an average cost of $46.90 per share, with a total value of $92,862.00. Following the purchase, the director now owns 240,150 shares in the company, valued at approximately $11,263,035. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jeff A. Stevens purchased 41,835 shares of Andeavor Logistics stock in a transaction dated Wednesday, February 28th. The stock was bought at an average cost of $47.29 per share, with a total value of $1,978,377.15. Following the completion of the purchase, the director now owns 259,474 shares in the company, valued at approximately $12,270,525.46. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 83,929 shares of company stock valued at $3,944,382. Company insiders own 0.15% of the company’s stock.

Andeavor Logistics LP (NYSE ANDX) opened at $47.53 on Wednesday. Andeavor Logistics LP has a 1 year low of $42.18 and a 1 year high of $55.79. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.41. The company has a market cap of $10,319.63, a PE ratio of 20.76, a price-to-earnings-growth ratio of 4.11 and a beta of 1.28.

Andeavor Logistics (NYSE:ANDX) last posted its earnings results on Thursday, February 15th. The oil and gas company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.21). The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $519.00 million. Andeavor Logistics had a return on equity of 19.31% and a net margin of 14.67%. sell-side analysts forecast that Andeavor Logistics LP will post 2.89 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Wednesday, January 31st were paid a $1.00 dividend. This is a positive change from Andeavor Logistics’s previous quarterly dividend of $0.99. This represents a $4.00 dividend on an annualized basis and a dividend yield of 8.42%. The ex-dividend date was Tuesday, January 30th. Andeavor Logistics’s dividend payout ratio is currently 174.67%.

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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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Institutional Ownership by Quarter for Andeavor Logistics (NYSE:ANDX)

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