Raymond James downgraded shares of Andeavor Logistics (NYSE:ANDX) from an outperform rating to a market perform rating in a research note published on Tuesday morning, Marketbeat Ratings reports.
ANDX has been the topic of several other reports. Zacks Investment Research raised Andeavor Logistics from a sell rating to a hold rating in a research note on Thursday, August 16th. ValuEngine raised Andeavor Logistics from a sell rating to a hold rating in a research note on Tuesday, August 14th. SunTrust Banks set a $51.00 target price on Andeavor Logistics and gave the company a buy rating in a report on Sunday, August 19th. Mitsubishi UFJ Financial Group raised their target price on Andeavor Logistics to $52.00 and gave the company a neutral rating in a report on Tuesday, August 7th. Finally, Bank of America downgraded Andeavor Logistics from a neutral rating to an underperform rating and set a $55.00 target price on the stock. in a report on Wednesday, July 18th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $52.71.
NYSE ANDX opened at $41.00 on Tuesday. The stock has a market capitalization of $9.39 billion, a PE ratio of 16.33, a PEG ratio of 4.68 and a beta of 1.44. Andeavor Logistics has a 1-year low of $40.38 and a 1-year high of $55.21. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.57.
In other Andeavor Logistics news, Director Jeff A. Stevens acquired 48,374 shares of the company’s stock in a transaction on Friday, August 10th. The shares were bought at an average cost of $49.41 per share, for a total transaction of $2,390,159.34. Following the acquisition, the director now directly owns 345,119 shares of the company’s stock, valued at $17,052,329.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeff A. Stevens acquired 56,700 shares of the company’s stock in a transaction on Tuesday, August 14th. The shares were acquired at an average price of $48.79 per share, for a total transaction of $2,766,393.00. Following the completion of the acquisition, the director now directly owns 402,954 shares in the company, valued at $19,660,125.66. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 182,017 shares of company stock worth $8,984,283. Company insiders own 0.15% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. Conning Inc. increased its holdings in Andeavor Logistics by 4.6% during the 3rd quarter. Conning Inc. now owns 53,496 shares of the oil and gas company’s stock worth $2,598,000 after purchasing an additional 2,329 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in Andeavor Logistics during the 3rd quarter worth approximately $942,000. Alps Advisors Inc. increased its holdings in Andeavor Logistics by 5.7% during 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 purchasing an additional 422,790 shares during the last quarter. Cornerstone Wealth Management LLC increased its holdings in Andeavor Logistics by 25.4% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 16,467 shares of the oil and gas company’s stock worth $332,000 after purchasing an additional 3,338 shares during the last quarter. Finally, Canton Hathaway LLC purchased a new stake in Andeavor Logistics during the 3rd quarter worth approximately $1,527,000. Institutional investors own 37.82% of the company’s stock.
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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