Oppenheimer Asset Management Inc. Sells 5,785 Shares of Andeavor Logistics LP (ANDX)

Oppenheimer Asset Management Inc. lowered its holdings in Andeavor Logistics LP (NYSE:ANDX) by 38.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,095 shares of the oil and gas company’s stock after selling 5,785 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Andeavor Logistics were worth $442,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Tortoise Capital Advisors L.L.C. grew its stake in shares of Andeavor Logistics by 3.2% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 13,539,065 shares of the oil and gas company’s stock worth $575,816,000 after purchasing an additional 417,081 shares during the last quarter. Alps Advisors Inc. boosted its holdings in shares of Andeavor Logistics by 5.7% in the third quarter. Alps Advisors Inc. now owns 7,854,437 shares of the oil and gas company’s stock worth $381,411,000 after buying an additional 422,790 shares during the period. Eagle Global Advisors LLC boosted its holdings in shares of Andeavor Logistics by 18.4% in 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 buying an additional 440,833 shares during the period. CIBC Private Wealth Group LLC boosted its holdings in shares of Andeavor Logistics by 2.6% in the second quarter. CIBC Private Wealth Group LLC now owns 2,358,684 shares of the oil and gas company’s stock worth $100,316,000 after buying an additional 60,662 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Andeavor Logistics in the second quarter worth about $75,252,000. 37.97% of the stock is currently owned by institutional investors.

In other news, Director Jeff A. Stevens purchased 56,700 shares of the company’s stock in a transaction dated Tuesday, August 14th. The shares were bought at an average price of $48.79 per share, with a total value of $2,766,393.00. Following the completion of the transaction, the director now directly owns 402,954 shares in the company, valued at approximately $19,660,125.66. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Jeff A. Stevens purchased 18,256 shares of the company’s stock in a transaction dated Thursday, August 16th. The stock was purchased at an average cost of $48.70 per share, for a total transaction of $889,067.20. Following the transaction, the director now owns 450,193 shares of the company’s stock, valued at $21,924,399.10. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 182,017 shares of company stock worth $8,984,283. Insiders own 0.15% of the company’s stock.



Several analysts recently commented on the stock. Morgan Stanley raised their price target on shares of Andeavor Logistics from $46.00 to $50.00 and gave the stock a “hold” rating in a report on Friday, August 24th. Zacks Investment Research upgraded shares of Andeavor Logistics from a “sell” rating to a “hold” rating in a report on Thursday, August 23rd. SunTrust Banks set a $51.00 price target on shares of Andeavor Logistics and gave the stock a “buy” rating in a report on Sunday, August 19th. Wells Fargo & Co raised their price target on shares of Andeavor Logistics from $45.00 to $47.00 and gave the stock a “hold” rating in a report on Thursday, August 9th. Finally, ValuEngine upgraded shares of Andeavor Logistics from a “sell” rating to a “hold” rating in a report on Monday, September 17th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $52.06.

Shares of ANDX opened at $40.77 on Thursday. The company has a market cap of $8.79 billion, a P/E ratio of 16.24, a price-to-earnings-growth ratio of 4.38 and a beta of 1.63. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.92 and a current ratio of 0.92. Andeavor Logistics LP has a twelve month low of $39.17 and a twelve month high of $55.21.

Andeavor Logistics (NYSE:ANDX) last issued its quarterly earnings data on Wednesday, November 7th. The oil and gas company reported $0.68 earnings per share for the quarter, meeting the consensus estimate of $0.68. The firm had revenue of $843.00 million for the quarter, compared to analyst estimates of $571.56 million. Andeavor Logistics had a net margin of 16.45% and a return on equity of 18.81%. The company’s revenue for the quarter was up 44.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.90 earnings per share. Analysts predict that Andeavor Logistics LP will post 2.72 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 14th. Investors of record on Monday, November 5th will be given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 10.11%. The ex-dividend date is Friday, November 2nd. This is a positive change from Andeavor Logistics’s previous quarterly dividend of $0.97. Andeavor Logistics’s dividend payout ratio (DPR) is presently 164.14%.

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Andeavor Logistics Profile

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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Institutional Ownership by Quarter for Andeavor Logistics (NYSE:ANDX)

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