MUFG Americas Holdings Corp increased its position in shares of Andeavor (NYSE:ANDV) by 42.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,730 shares of the oil and gas company’s stock after purchasing an additional 2,920 shares during the period. MUFG Americas Holdings Corp’s holdings in Andeavor were worth $1,113,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Daiwa SB Investments Ltd. bought a new stake in shares of Andeavor during the 4th quarter valued at $106,000. Sun Life Financial INC bought a new stake in shares of Andeavor during the 3rd quarter valued at $110,000. Cerebellum GP LLC bought a new stake in Andeavor in the 4th quarter valued at $127,000. Bollard Group LLC bought a new stake in Andeavor in the 3rd quarter valued at $123,000. Finally, Edge Wealth Management LLC bought a new stake in Andeavor in the 3rd quarter valued at $128,000. Hedge funds and other institutional investors own 79.93% of the company’s stock.
In other news, Director Paul L. Foster sold 54,400 shares of the business’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $114.99, for a total value of $6,255,456.00. Following the sale, the director now directly owns 1,413,468 shares in the company, valued at approximately $162,534,685.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Paul L. Foster sold 51,700 shares of the business’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $120.97, for a total transaction of $6,254,149.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 298,088 shares of company stock worth $34,122,422. Insiders own 0.86% of the company’s stock.
Shares of Andeavor (NYSE ANDV) opened at $96.15 on Friday. Andeavor has a fifty-two week low of $75.11 and a fifty-two week high of $121.71. The company has a quick ratio of 0.62, a current ratio of 1.47 and a debt-to-equity ratio of 0.61. The firm has a market cap of $14,999.11, a PE ratio of 17.32, a PEG ratio of 0.92 and a beta of 1.39.
ANDV has been the topic of a number of research reports. Piper Jaffray Companies reiterated a “buy” rating and issued a $121.00 price target on shares of Andeavor in a report on Friday, November 17th. UBS Group lifted their price target on shares of Andeavor from $116.00 to $123.00 and gave the company a “buy” rating in a report on Wednesday, November 15th. BidaskClub upgraded shares of Andeavor from a “hold” rating to a “buy” rating in a report on Tuesday, November 7th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $121.00 price target on shares of Andeavor in a report on Friday, November 3rd. Finally, Evercore ISI upgraded shares of Andeavor to a “buy” rating and set a $128.00 price target on the stock in a report on Thursday, November 2nd. Six investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $126.22.
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Andeavor Company Profile
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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