The Manufacturers Life Insurance Company Raises Position in Andeavor Logistics (ANDX)

The Manufacturers Life Insurance Company increased its position in shares of Andeavor Logistics (NYSE:ANDX) by 89.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,354 shares of the oil and gas company’s stock after purchasing an additional 3,007 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Andeavor Logistics were worth $293,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Advisory Research Inc. increased its position in shares of Andeavor Logistics by 3.6% during the fourth quarter. Advisory Research Inc. now owns 2,776,735 shares of the oil and gas company’s stock worth $128,258,000 after purchasing an additional 97,317 shares in the last quarter. First Trust Advisors LP boosted its stake in Andeavor Logistics by 42.6% during the fourth quarter. First Trust Advisors LP now owns 127,875 shares of the oil and gas company’s stock worth $5,907,000 after buying an additional 38,197 shares during the last quarter. Wealthstreet Investment Advisors LLC acquired a new position in Andeavor Logistics during the fourth quarter worth $262,000. Groesbeck Investment Management Corp NJ boosted its stake in Andeavor Logistics by 273.7% during the fourth quarter. Groesbeck Investment Management Corp NJ now owns 43,670 shares of the oil and gas company’s stock worth $2,017,000 after buying an additional 31,983 shares during the last quarter. Finally, California Public Employees Retirement System boosted its stake in Andeavor Logistics by 44.8% during the fourth quarter. California Public Employees Retirement System now owns 73,726 shares of the oil and gas company’s stock worth $3,405,000 after buying an additional 22,819 shares during the last quarter. Hedge funds and other institutional investors own 40.11% of the company’s stock.

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In other Andeavor Logistics news, Director Jeff A. Stevens purchased 11,980 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were acquired at an average price of $48.00 per share, with a total value of $575,040.00. Following the purchase, the director now directly owns 240,150 shares in the company, valued at approximately $11,527,200. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jeff A. Stevens bought 1,980 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were purchased at an average cost of $46.90 per share, for a total transaction of $92,862.00. Following the purchase, the director now owns 240,150 shares in the company, valued at approximately $11,263,035. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 83,929 shares of company stock worth $3,944,382. Corporate insiders own 0.15% of the company’s stock.

Andeavor Logistics stock opened at $44.09 on Thursday. Andeavor Logistics has a 12 month low of $42.17 and a 12 month high of $55.79. The company has a market capitalization of $9,435.78, a price-to-earnings ratio of 16.97, a PEG ratio of 3.76 and a beta of 1.28. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.41.

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

ANDX has been the topic of a number of recent research reports. Zacks Investment Research raised Andeavor Logistics from a “sell” rating to a “hold” rating in a research note on Tuesday, February 13th. Credit Suisse Group initiated coverage on Andeavor Logistics in a research note on Thursday, January 4th. They set a “neutral” rating and a $48.00 price objective on the stock. Citigroup initiated coverage on Andeavor Logistics in a research note on Monday, January 22nd. They set a “buy” rating and a $52.52 price objective on the stock. Seaport Global Securities reissued a “buy” rating on shares of Andeavor Logistics in a research note on Thursday, February 22nd. Finally, Bank of America initiated coverage on Andeavor Logistics in a research note on Tuesday, January 9th. They set a “buy” rating on the stock. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $54.66.

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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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