$10.98 Billion in Sales Expected for Andeavor (ANDV) This Quarter

Wall Street brokerages expect that Andeavor (NYSE:ANDV) will report $10.98 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Andeavor’s earnings. The highest sales estimate is $14.29 billion and the lowest is $8.11 billion. Andeavor posted sales of $6.64 billion during the same quarter last year, which suggests a positive year over year growth rate of 65.4%. The company is expected to report its next earnings results on Monday, May 14th.

According to Zacks, analysts expect that Andeavor will report full-year sales of $10.98 billion for the current fiscal year, with estimates ranging from $37.76 billion to $58.34 billion. For the next year, analysts anticipate that the company will report sales of $47.42 billion per share, with estimates ranging from $36.97 billion to $59.31 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Andeavor.

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Andeavor (NYSE:ANDV) last issued its quarterly earnings results on Thursday, February 15th. The oil and gas company reported $0.37 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.81). Andeavor had a return on equity of 6.86% and a net margin of 4.37%. The business had revenue of $10.65 billion for the quarter, compared to analyst estimates of $10.79 billion.

Several equities research analysts have recently commented on the stock. Citigroup reiterated a “neutral” rating on shares of Andeavor in a research report on Monday, January 22nd. Zacks Investment Research upgraded shares of Andeavor from a “hold” rating to a “buy” rating and set a $133.00 price target for the company in a research report on Monday, January 22nd. Piper Jaffray reiterated a “buy” rating and set a $153.00 price target on shares of Andeavor in a research report on Monday, January 22nd. Barclays reiterated a “buy” rating and set a $162.00 price target on shares of Andeavor in a research report on Wednesday, January 10th. Finally, Credit Suisse Group assumed coverage on shares of Andeavor in a research report on Wednesday, January 3rd. They set an “outperform” rating and a $142.00 price target for the company. Six equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $127.83.

Shares of NYSE:ANDV traded down $0.06 during trading on Wednesday, hitting $100.50. 1,528,704 shares of the company’s stock were exchanged, compared to its average volume of 1,717,129. Andeavor has a 1-year low of $75.11 and a 1-year high of $121.71. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.38 and a quick ratio of 0.65. The stock has a market cap of $15,462.56, a price-to-earnings ratio of 15.53, a P/E/G ratio of 1.11 and a beta of 1.38.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Wednesday, February 28th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend was Tuesday, February 27th. Andeavor’s dividend payout ratio is currently 36.48%.

In other Andeavor news, VP Blane W. Peery sold 1,012 shares of Andeavor stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $99.39, for a total value of $100,582.68. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jeff A. Stevens sold 32,500 shares of Andeavor stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $117.07, for a total transaction of $3,804,775.00. Following the completion of the transaction, the director now directly owns 1,503,845 shares in the company, valued at approximately $176,055,134.15. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 178,602 shares of company stock valued at $20,963,955. Corporate insiders own 7.00% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. State of Tennessee Treasury Department lifted its stake in Andeavor by 219.5% in the fourth quarter. State of Tennessee Treasury Department now owns 517,128 shares of the oil and gas company’s stock valued at $59,128,000 after buying an additional 355,260 shares in the last quarter. Prudential Financial Inc. bought a new position in Andeavor in the third quarter valued at approximately $150,513,000. Polianta Ltd bought a new position in Andeavor in the fourth quarter valued at approximately $1,292,000. Shell Asset Management Co. bought a new position in Andeavor in the fourth quarter valued at approximately $8,272,000. Finally, Harbour Capital Advisors LLC bought a new position in Andeavor in the fourth quarter valued at approximately $593,000. 79.57% of the stock is currently owned by hedge funds and other institutional investors.

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About Andeavor

Andeavor, formerly Tesoro Corporation, is an independent petroleum refining, logistics and marketing company. he Company operates through three segments. The Refining operating segment refines crude oil and other feedstocks into transportation fuels, such as gasoline and gasoline blendstocks, jet fuel and diesel fuel, as well as other products, including heavy fuel oils, liquefied petroleum gas and petroleum coke for sale in bulk markets to a range of customers within its markets.

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