Fort Washington Investment Advisors Inc. OH grew its stake in shares of Andeavor Logistics LP (NYSE:ANDX) by 469.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 87,198 shares of the oil and gas company’s stock after buying an additional 71,898 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Andeavor Logistics were worth $2,833,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in ANDX. Advisors Asset Management Inc. grew its holdings in shares of Andeavor Logistics by 4.9% in the 2nd quarter. Advisors Asset Management Inc. now owns 63,646 shares of the oil and gas company’s stock worth $2,707,000 after acquiring an additional 2,981 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Andeavor Logistics by 13.4% in the 2nd quarter. Northern Trust Corp now owns 100,067 shares of the oil and gas company’s stock worth $4,256,000 after acquiring an additional 11,826 shares during the last quarter. Cornerstone Wealth Management LLC grew its holdings in shares of Andeavor Logistics by 25.4% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 16,467 shares of the oil and gas company’s stock worth $332,000 after acquiring an additional 3,338 shares during the last quarter. Alps Advisors Inc. grew its holdings in shares of Andeavor Logistics by 5.7% in the 3rd quarter. Alps Advisors Inc. now owns 7,854,437 shares of the oil and gas company’s stock worth $381,411,000 after acquiring an additional 422,790 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new position in shares of Andeavor Logistics in the 3rd quarter worth $942,000. Hedge funds and other institutional investors own 33.84% of the company’s stock.
ANDX has been the topic of a number of recent research reports. SunTrust Banks cut Andeavor Logistics from a “buy” rating to a “hold” rating and decreased their target price for the stock from $52.00 to $41.00 in a report on Tuesday, November 13th. Barclays initiated coverage on Andeavor Logistics in a report on Thursday, December 13th. They issued an “equal weight” rating and a $36.00 target price on the stock. TheStreet cut Andeavor Logistics from a “b” rating to a “c+” rating in a report on Tuesday, November 13th. JPMorgan Chase & Co. lowered their price target on Andeavor Logistics from $52.00 to $47.00 and set a “neutral” rating on the stock in a report on Wednesday, November 14th. Finally, Royal Bank of Canada lowered their price target on Andeavor Logistics from $51.00 to $47.00 and set a “sector perform” rating on the stock in a report on Tuesday, November 6th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $47.93.
Shares of ANDX stock opened at $34.60 on Wednesday. Andeavor Logistics LP has a 1-year low of $31.49 and a 1-year high of $50.82. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.18. The firm has a market cap of $8.49 billion, a PE ratio of 13.46, a price-to-earnings-growth ratio of 1.55 and a beta of 1.65.
Andeavor Logistics (NYSE:ANDX) last issued its quarterly earnings results on Thursday, February 7th. The oil and gas company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.07). The business had revenue of $623.00 million for the quarter, compared to analysts’ expectations of $647.48 million. Andeavor Logistics had a net margin of 26.47% and a return on equity of 19.28%. The business’s quarterly revenue was down 44.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.25 EPS. On average, equities research analysts anticipate that Andeavor Logistics LP will post 3.07 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 14th. Investors of record on Tuesday, February 5th will be given a dividend of $1.03 per share. The ex-dividend date is Monday, February 4th. This represents a $4.12 dividend on an annualized basis and a yield of 11.91%. Andeavor Logistics’s payout ratio is 160.31%.
Andeavor Logistics Profile
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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