Retirement Systems of Alabama bought a new stake in Andeavor (NASDAQ:ANDV) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 217,632 shares of the company’s stock, valued at approximately $22,449,000.
A number of other large investors have also recently bought and sold shares of ANDV. Cedar Capital LLC acquired a new position in shares of Andeavor in the 3rd quarter worth approximately $2,308,000. Sei Investments Co. acquired a new position in shares of Andeavor in the 3rd quarter worth approximately $4,354,000. FDx Advisors Inc. acquired a new position in shares of Andeavor in the 3rd quarter worth approximately $1,002,000. Jennison Associates LLC purchased a new stake in Andeavor during the 3rd quarter worth approximately $81,868,000. Finally, Candriam Luxembourg S.C.A. purchased a new stake in Andeavor during the 3rd quarter worth approximately $2,289,000.
Several equities research analysts recently weighed in on ANDV shares. Morgan Stanley started coverage on shares of Andeavor in a research note on Wednesday, August 2nd. They set an “overweight” rating on the stock. BidaskClub raised shares of Andeavor from a “hold” rating to a “buy” rating in a research note on Thursday, August 31st. Zacks Investment Research raised shares of Andeavor from a “hold” rating to a “strong-buy” rating and set a $118.00 target price on the stock in a research note on Tuesday, September 12th. Howard Weil downgraded shares of Andeavor from a “sector outperform” rating to a “sector perform” rating and set a $112.00 target price on the stock. in a research note on Thursday, September 28th. Finally, Cowen and Company reaffirmed a “buy” rating and set a $120.00 target price on shares of Andeavor in a research note on Thursday, September 28th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $117.38.
Shares of Andeavor (NASDAQ ANDV) opened at $106.15 on Tuesday. Andeavor has a 52 week low of $75.11 and a 52 week high of $112.21.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend is Wednesday, November 29th.
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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