Spark Investment Management LLC Lowers Position in Andeavor (ANDV)

Spark Investment Management LLC trimmed its holdings in Andeavor (NYSE:ANDV) by 41.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 58,500 shares of the oil and gas company’s stock after selling 41,600 shares during the period. Spark Investment Management LLC’s holdings in Andeavor were worth $5,882,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. BlackRock Inc. lifted its holdings in Andeavor by 2.1% in the 4th quarter. BlackRock Inc. now owns 10,788,845 shares of the oil and gas company’s stock valued at $1,233,595,000 after purchasing an additional 219,535 shares in the last quarter. Boston Partners lifted its holdings in Andeavor by 26.5% in the 4th quarter. Boston Partners now owns 9,484,915 shares of the oil and gas company’s stock valued at $1,084,505,000 after purchasing an additional 1,989,609 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Andeavor by 4.2% in the 4th quarter. Bank of New York Mellon Corp now owns 4,071,932 shares of the oil and gas company’s stock valued at $465,585,000 after purchasing an additional 164,006 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Andeavor by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 1,553,715 shares of the oil and gas company’s stock valued at $177,290,000 after purchasing an additional 32,226 shares in the last quarter. Finally, LSV Asset Management lifted its holdings in Andeavor by 17.0% in the 1st quarter. LSV Asset Management now owns 1,203,174 shares of the oil and gas company’s stock valued at $120,991,000 after purchasing an additional 174,600 shares in the last quarter. 81.40% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have issued reports on ANDV shares. Citigroup upgraded shares of Andeavor from a “neutral” rating to a “buy” rating and set a $132.00 target price on the stock in a report on Wednesday, February 14th. Piper Jaffray Companies restated a “buy” rating and issued a $138.00 target price on shares of Andeavor in a report on Friday, February 23rd. ValuEngine upgraded shares of Andeavor from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. Jefferies Group upgraded shares of Andeavor from a “hold” rating to a “buy” rating and set a $108.00 target price on the stock in a report on Thursday, May 3rd. Finally, Morgan Stanley lowered shares of Andeavor from an “overweight” rating to an “equal weight” rating and set a $145.00 target price on the stock. in a report on Tuesday, May 8th. Ten research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $127.97.



Shares of Andeavor opened at $143.99 on Friday, Marketbeat.com reports. The stock has a market cap of $21.76 billion, a PE ratio of 22.26, a P/E/G ratio of 1.59 and a beta of 1.35. Andeavor has a 1-year low of $82.01 and a 1-year high of $147.28. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.64 and a current ratio of 1.41.

Andeavor (NYSE:ANDV) last announced its quarterly earnings data on Monday, May 7th. The oil and gas company reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.07. The business had revenue of $10.30 billion for the quarter, compared to analyst estimates of $9.62 billion. Andeavor had a net margin of 4.27% and a return on equity of 6.51%. The company’s revenue was up 55.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.42 EPS. analysts forecast that Andeavor will post 9.07 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Thursday, May 31st will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 1.64%. The ex-dividend date is Wednesday, May 30th. Andeavor’s dividend payout ratio (DPR) is 36.48%.

In other news, VP Blane W. Peery sold 1,012 shares of the firm’s stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $99.39, for a total transaction of $100,582.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul L. Foster sold 212,400 shares of Andeavor stock in a transaction on Tuesday, April 10th. The stock was sold at an average price of $107.47, for a total transaction of $22,826,628.00. Following the completion of the transaction, the director now directly owns 1,379,220 shares of the company’s stock, valued at approximately $148,224,773.40. The disclosure for this sale can be found here. Insiders sold 916,795 shares of company stock valued at $113,832,138 in the last ninety days. 7.00% of the stock is owned by corporate insiders.

About Andeavor

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.

Institutional Ownership by Quarter for Andeavor (NYSE:ANDV)

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