Leavell Investment Management Inc. purchased a new position in shares of Andeavor (NYSE:ANDV) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 3,240 shares of the oil and gas company’s stock, valued at approximately $370,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of ANDV. Boston Partners bought a new position in Andeavor during the 3rd quarter worth approximately $773,141,000. Bank of New York Mellon Corp bought a new position in Andeavor during the 3rd quarter worth approximately $403,103,000. Dimensional Fund Advisors LP bought a new position in Andeavor during the 3rd quarter worth approximately $333,346,000. Hotchkis & Wiley Capital Management LLC bought a new position in Andeavor during the 3rd quarter worth approximately $214,005,000. Finally, Prudential Financial Inc. bought a new position in Andeavor during the 3rd quarter worth approximately $150,513,000. Institutional investors and hedge funds own 78.85% of the company’s stock.
Several equities analysts recently issued reports on ANDV shares. Evercore ISI upgraded Andeavor to a “buy” rating and set a $128.00 price target on the stock in a research report on Thursday, November 2nd. Cowen reiterated a “buy” rating and issued a $120.00 price objective on shares of Andeavor in a report on Thursday, September 28th. BidaskClub upgraded Andeavor from a “hold” rating to a “buy” rating in a report on Saturday, October 7th. Zacks Investment Research upgraded Andeavor from a “hold” rating to a “buy” rating and set a $119.00 price objective for the company in a report on Tuesday, October 10th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and issued a $121.00 price objective on shares of Andeavor in a report on Friday, November 3rd. Seven research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Andeavor presently has an average rating of “Buy” and an average target price of $121.32.
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 30th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend was Wednesday, November 29th. Andeavor’s payout ratio is presently 47.87%.
In other news, Director Paul L. Foster sold 5,478 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $116.27, for a total value of $636,927.06. Following the completion of the transaction, the director now owns 1,422,847 shares in the company, valued at approximately $165,434,420.69. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jeff A. Stevens sold 32,500 shares of the firm’s stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $117.07, for a total value of $3,804,775.00. Following the completion of the transaction, the director now owns 1,503,845 shares of the company’s stock, valued at approximately $176,055,134.15. The disclosure for this sale can be found here. In the last 90 days, insiders sold 169,188 shares of company stock valued at $18,798,235. 0.86% of the stock is currently owned by company insiders.
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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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