Nomura Asset Management Co. Ltd. increased its position in shares of Andeavor (NYSE:ANDV) by 10.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 26,196 shares of the oil and gas company’s stock after buying an additional 2,391 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Andeavor were worth $2,635,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in ANDV. Massachusetts Financial Services Co. MA purchased a new position in Andeavor during the 1st quarter worth approximately $69,747,000. Ceredex Value Advisors LLC purchased a new position in Andeavor during the 1st quarter worth approximately $60,791,000. Amundi Pioneer Asset Management Inc. grew its stake in Andeavor by 928.5% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 535,977 shares of the oil and gas company’s stock worth $61,284,000 after buying an additional 483,863 shares during the last quarter. Westfield Capital Management Co. LP grew its stake in Andeavor by 57.0% during the 1st quarter. Westfield Capital Management Co. LP now owns 1,148,183 shares of the oil and gas company’s stock worth $115,461,000 after buying an additional 416,928 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its stake in Andeavor by 1,334.2% during the 1st quarter. Thrivent Financial for Lutherans now owns 423,466 shares of the oil and gas company’s stock worth $42,584,000 after buying an additional 393,940 shares during the last quarter. Hedge funds and other institutional investors own 81.32% of the company’s stock.
Andeavor opened at $139.31 on Wednesday, Marketbeat reports. The company has a current ratio of 1.41, a quick ratio of 0.64 and a debt-to-equity ratio of 0.64. Andeavor has a 1-year low of $89.58 and a 1-year high of $151.88. The company has a market capitalization of $21.59 billion, a P/E ratio of 21.53, a price-to-earnings-growth ratio of 1.53 and a beta of 1.32.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Thursday, May 31st will be paid a $0.59 dividend. The ex-dividend date of this dividend is Wednesday, May 30th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.69%. Andeavor’s dividend payout ratio (DPR) is presently 36.48%.
In related news, Director Jeff A. Stevens sold 109,275 shares of Andeavor stock in a transaction that occurred on Friday, April 27th. The stock was sold at an average price of $123.19, for a total value of $13,461,587.25. Following the sale, the director now directly owns 1,196,578 shares in the company, valued at $147,406,443.82. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Paul L. Foster sold 212,400 shares of Andeavor stock in a transaction that occurred on Tuesday, April 10th. The shares were sold at an average price of $107.47, for a total value of $22,826,628.00. Following the completion of the sale, the director now owns 1,379,220 shares in the company, valued at $148,224,773.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,010,833 shares of company stock worth $127,591,528. Company insiders own 7.00% of the company’s stock.
A number of research analysts recently issued reports on the company. ValuEngine downgraded Andeavor from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 1st. Morgan Stanley raised their price target on Andeavor from $145.00 to $182.00 and gave the stock a “hold” rating in a research note on Tuesday, May 22nd. Tudor Pickering downgraded Andeavor from a “buy” rating to a “hold” rating in a research note on Friday, May 18th. Credit Suisse Group reiterated a “neutral” rating and issued a $145.00 target price (up from $142.00) on shares of Andeavor in a research note on Friday, May 18th. Finally, JPMorgan Chase & Co. downgraded Andeavor from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $144.06 to $131.00 in a research note on Monday, May 14th. Ten analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Andeavor presently has an average rating of “Hold” and a consensus price target of $129.34.
Andeavor, through its subsidiaries, operates as an independent petroleum refining, logistics, and marketing company in the United States. The company operates in three segments: Marketing, Logistics, and Refining. The Marketing segment sells gasoline and diesel fuel through retail, branded, and unbranded channels.
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