Wall Street brokerages predict that Andeavor (NASDAQ:ANDV) will post $10.03 billion in sales for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Andeavor’s earnings, with estimates ranging from $7.60 billion to $12.88 billion. Andeavor reported sales of $6.65 billion in the same quarter last year, which indicates a positive year over year growth rate of 50.8%. The firm is scheduled to announce its next quarterly earnings results on Monday, February 5th.
On average, analysts expect that Andeavor will report full-year sales of $10.03 billion for the current year, with estimates ranging from $31.96 billion to $38.25 billion. For the next year, analysts anticipate that the firm will report sales of $43.97 billion per share, with estimates ranging from $32.94 billion to $56.06 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Andeavor.
ANDV has been the topic of several recent analyst reports. Zacks Investment Research cut shares of Andeavor from a “buy” rating to a “hold” rating in a research report on Thursday, October 19th. Barclays PLC reissued an “overweight” rating and set a $121.00 target price (up previously from $118.00) on shares of Andeavor in a research report on Tuesday, October 10th. BidaskClub raised shares of Andeavor from a “hold” rating to a “buy” rating in a research report on Thursday, August 31st. Cowen and Company reaffirmed a “buy” rating and issued a $120.00 price target on shares of Andeavor in a report on Thursday, September 28th. Finally, Wells Fargo & Company reaffirmed an “outperform” rating and issued a $127.00 price target (up previously from $106.00) on shares of Andeavor in a report on Tuesday, October 17th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Andeavor has an average rating of “Buy” and a consensus price target of $117.38.
Shares of Andeavor (NASDAQ:ANDV) traded down $0.46 during midday trading on Friday, reaching $105.69. 1,239,369 shares of the company traded hands, compared to its average volume of 1,180,000. Andeavor has a twelve month low of $75.11 and a twelve month high of $112.21.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Wednesday, November 29th.
Institutional investors have recently bought and sold shares of the business. Fulton Bank N.A. bought a new position in shares of Andeavor during the third quarter valued at about $281,000. Sit Investment Associates Inc. bought a new position in shares of Andeavor during the third quarter valued at about $1,524,000. Quantitative Systematic Strategies LLC bought a new position in shares of Andeavor during the third quarter valued at about $236,000. PGGM Investments purchased a new position in shares of Andeavor during the third quarter valued at about $3,007,000. Finally, Mutual of America Capital Management LLC purchased a new position in shares of Andeavor during the third quarter valued at about $2,421,000.
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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