Lake Street Advisors Group LLC purchased a new stake in Andeavor Logistics LP (NYSE:ANDX) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 16,618 shares of the oil and gas company’s stock, valued at approximately $707,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ANDX. Ferris Capital LLC raised its position in Andeavor Logistics by 219.9% during the second quarter. Ferris Capital LLC now owns 4,533 shares of the oil and gas company’s stock valued at $193,000 after purchasing an additional 3,116 shares in the last quarter. Tiedemann Advisors LLC acquired a new position in Andeavor Logistics during the first quarter valued at approximately $235,000. Vishria Bird Financial Group LLC acquired a new position in Andeavor Logistics during the second quarter valued at approximately $241,000. CIBC Asset Management Inc raised its position in Andeavor Logistics by 58.3% during the second quarter. CIBC Asset Management Inc now owns 7,911 shares of the oil and gas company’s stock valued at $336,000 after purchasing an additional 2,915 shares in the last quarter. Finally, Icon Wealth Partners LLC raised its position in Andeavor Logistics by 24.4% during the first quarter. Icon Wealth Partners LLC now owns 11,189 shares of the oil and gas company’s stock valued at $501,000 after purchasing an additional 2,197 shares in the last quarter. Institutional investors own 38.07% of the company’s stock.

Shares of NYSE:ANDX opened at $49.11 on Tuesday. The firm has a market cap of $10.68 billion, a PE ratio of 19.57, a P/E/G ratio of 5.31 and a beta of 1.46. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.92 and a quick ratio of 0.92. Andeavor Logistics LP has a 52-week low of $40.66 and a 52-week high of $55.21.

Andeavor Logistics (NYSE:ANDX) last announced its quarterly earnings results on Monday, August 6th. The oil and gas company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.04). The company had revenue of $557.00 million for the quarter, compared to analyst estimates of $527.61 million. Andeavor Logistics had a return on equity of 18.81% and a net margin of 16.45%. The firm’s quarterly revenue was down 8.2% on a year-over-year basis. During the same quarter last year, the company posted $0.63 earnings per share. sell-side analysts anticipate that Andeavor Logistics LP will post 2.73 EPS for the current year.

In related news, Director Jeff A. Stevens purchased 18,256 shares of the stock in a transaction dated Thursday, August 16th. The stock was bought at an average cost of $48.70 per share, for a total transaction of $889,067.20. Following the completion of the acquisition, the director now owns 450,193 shares of the company’s stock, valued at $21,924,399.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Jeff A. Stevens purchased 48,374 shares of the stock in a transaction dated Friday, August 10th. The shares were bought at an average price of $49.41 per share, with a total value of $2,390,159.34. Following the completion of the acquisition, the director now directly owns 345,119 shares of the company’s stock, valued at approximately $17,052,329.79. The disclosure for this purchase can be found here. Insiders have bought 182,017 shares of company stock valued at $8,984,283 over the last quarter. Company insiders own 0.15% of the company’s stock.

ANDX has been the subject of several research analyst reports. Morgan Stanley boosted their price objective on shares of Andeavor Logistics from $46.00 to $50.00 and gave the company a “hold” rating in a research report on Friday, August 24th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Andeavor Logistics in a research report on Friday, June 1st. ValuEngine upgraded shares of Andeavor Logistics from a “sell” rating to a “hold” rating in a research report on Monday. Bank of America downgraded shares of Andeavor Logistics from a “neutral” rating to an “underperform” rating and set a $55.00 price objective for the company. in a research report on Wednesday, July 18th. Finally, SunTrust Banks set a $51.00 price objective on shares of Andeavor Logistics and gave the company a “buy” rating in a research report on Sunday, August 19th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company’s stock. Andeavor Logistics currently has an average rating of “Hold” and an average price target of $52.82.

About Andeavor Logistics

Andeavor Logistics LP operates as a diversified midstream company in the United States. The Terminalling and Transportation segment comprises the Northwest Products Pipeline, including a regulated common carrier products pipeline running from Salt Lake City, Utah to Spokane, Washington and a jet fuel pipeline to the Salt Lake City International Airport; a regulated common carrier refined products pipeline system connecting its refinery to its terminals in Anchorage, Alaska; tankage and related equipment at the refinery; and crude oil and refined products terminals and storage facilities in the western, and southwest and midwestern U.S.

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

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