Parkside Financial Bank & Trust Has $566,000 Position in Andeavor Logistics LP (NYSE:ANDX)

Parkside Financial Bank & Trust reduced its stake in shares of Andeavor Logistics LP (NYSE:ANDX) by 11.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 15,580 shares of the oil and gas company’s stock after selling 1,925 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Andeavor Logistics were worth $566,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. lifted its holdings in shares of Andeavor Logistics by 97.2% in the first quarter. Oppenheimer Asset Management Inc. now owns 8,798 shares of the oil and gas company’s stock valued at $310,000 after purchasing an additional 4,336 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of Andeavor Logistics by 1,049.3% in the first quarter. BNP Paribas Arbitrage SA now owns 42,902 shares of the oil and gas company’s stock valued at $1,513,000 after purchasing an additional 39,169 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of Andeavor Logistics by 87.5% in the first quarter. Bank of Montreal Can now owns 1,591,388 shares of the oil and gas company’s stock valued at $56,113,000 after purchasing an additional 742,664 shares in the last quarter. Osborn Williams & Donohoe LLC purchased a new stake in shares of Andeavor Logistics in the first quarter valued at about $388,000. Finally, UMB Bank N A MO lifted its holdings in shares of Andeavor Logistics by 11.1% in the first quarter. UMB Bank N A MO now owns 14,115 shares of the oil and gas company’s stock valued at $498,000 after purchasing an additional 1,415 shares in the last quarter. Institutional investors and hedge funds own 33.19% of the company’s stock.

Shares of NYSE:ANDX remained flat at $$32.17 during trading on Thursday. The business has a 50-day simple moving average of $34.16 and a 200-day simple moving average of $34.87. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.57 and a current ratio of 0.57. The stock has a market capitalization of $7.90 billion, a P/E ratio of 12.52, a PEG ratio of 1.37 and a beta of 1.29. Andeavor Logistics LP has a one year low of $31.49 and a one year high of $50.82.

Several brokerages have issued reports on ANDX. Mitsubishi UFJ Financial Group reaffirmed a “neutral” rating on shares of Andeavor Logistics in a report on Wednesday, May 8th. Zacks Investment Research downgraded shares of Andeavor Logistics from a “hold” rating to a “sell” rating in a report on Tuesday, June 25th. Credit Suisse Group raised shares of Andeavor Logistics from an “underperform” rating to a “neutral” rating in a report on Monday, May 13th. Finally, ValuEngine lowered shares of Andeavor Logistics from a “sell” rating to a “strong sell” rating in a research report on Monday, July 29th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $44.14.

Andeavor Logistics Company Profile

Andeavor Logistics LP operates as a diversified midstream company in the United States. The company's Terminalling and Transportation segment comprises the Northwest pipeline system, 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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