Shares of Andeavor Logistics LP (NYSE:ANDX) have been assigned a consensus rating of “Hold” from the twenty research firms that are presently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $51.21.
A number of brokerages have issued reports on ANDX. ValuEngine raised shares of Andeavor Logistics from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 21st. Royal Bank of Canada lowered shares of Andeavor Logistics from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, May 1st. Mitsubishi UFJ Financial Group lowered shares of Andeavor Logistics from an “overweight” rating to a “neutral” rating in a research note on Tuesday, May 1st. Wells Fargo & Co lifted their target price on shares of Andeavor Logistics from $45.00 to $47.00 and gave the company a “hold” rating in a research note on Thursday. Finally, Barclays decreased their target price on shares of Andeavor Logistics from $60.00 to $54.00 and set an “overweight” rating for the company in a research note on Tuesday, April 17th.
Several hedge funds have recently added to or reduced their stakes in the stock. Eagle Global Advisors LLC lifted its position in shares of Andeavor Logistics by 18.4% during the second quarter. Eagle Global Advisors LLC now owns 2,842,150 shares of the oil and gas company’s stock worth $120,877,000 after purchasing an additional 440,833 shares in the last quarter. Franklin Square Holdings L.P. lifted its holdings in Andeavor Logistics by 16.5% in the first quarter. Franklin Square Holdings L.P. now owns 22,590 shares of the oil and gas company’s stock valued at $1,012,000 after buying an additional 3,200 shares during the period. Royal Bank of Canada lifted its holdings in Andeavor Logistics by 26.5% in the first quarter. Royal Bank of Canada now owns 54,297 shares of the oil and gas company’s stock valued at $2,433,000 after buying an additional 11,384 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in Andeavor Logistics by 59.1% in the first quarter. Oppenheimer Asset Management Inc. now owns 20,095 shares of the oil and gas company’s stock valued at $901,000 after buying an additional 7,466 shares during the period. Finally, First Republic Investment Management Inc. lifted its holdings in Andeavor Logistics by 20.2% in the first quarter. First Republic Investment Management Inc. now owns 48,980 shares of the oil and gas company’s stock valued at $2,195,000 after buying an additional 8,236 shares during the period. 38.56% of the stock is owned by institutional investors and hedge funds.
Andeavor Logistics stock traded up $0.14 during midday trading on Tuesday, reaching $49.54. The stock had a trading volume of 3,257,968 shares, compared to its average volume of 710,427. Andeavor Logistics has a twelve month low of $40.66 and a twelve month high of $55.21. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.93 and a current ratio of 0.92. The firm has a market capitalization of $10.73 billion, a price-to-earnings ratio of 19.74, a P/E/G ratio of 5.18 and a beta of 1.39.
Andeavor Logistics (NYSE:ANDX) last posted its quarterly earnings data on Monday, August 6th. The oil and gas company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.04). Andeavor Logistics had a return on equity of 18.81% and a net margin of 16.45%. The firm had revenue of $557.00 million during the quarter, compared to analyst estimates of $527.61 million. During the same period in the prior year, the business posted $0.63 EPS. The company’s revenue for the quarter was down 8.2% on a year-over-year basis. equities analysts forecast that Andeavor Logistics will post 2.78 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 14th. Investors of record on Friday, August 3rd will be paid a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 8.32%. The ex-dividend date is Thursday, August 2nd. This is a positive change from Andeavor Logistics’s previous quarterly dividend of $1.02. Andeavor Logistics’s payout ratio is presently 164.14%.
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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