Andeavor Logistics (ANDX) Downgraded by Raymond James to Market Perform

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.



Andeavor Logistics (NYSE:ANDX) last released its quarterly earnings data on Monday, August 6th. The oil and gas company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.04). The firm had revenue of $557.00 million during the quarter, compared to analyst estimates of $527.61 million. Andeavor Logistics had a net margin of 16.45% and a return on equity of 18.81%. The business’s revenue for the quarter was down 8.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.63 earnings per share. Sell-side analysts expect that Andeavor Logistics will post 2.72 EPS for the current fiscal year.

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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