Athanor Capital LP boosted its stake in shares of Andeavor (NYSE:ANDV) by 211.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 70,000 shares of the oil and gas company’s stock after buying an additional 47,500 shares during the period. Andeavor accounts for 3.3% of Athanor Capital LP’s investment portfolio, making the stock its 12th largest position. Athanor Capital LP’s holdings in Andeavor were worth $7,039,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ffcm LLC lifted its stake in shares of Andeavor by 257.6% in the 1st quarter. Ffcm LLC now owns 819 shares of the oil and gas company’s stock valued at $114,000 after purchasing an additional 590 shares during the last quarter. BB&T Investment Services Inc. acquired a new position in shares of Andeavor in the 4th quarter valued at $126,000. Tower Research Capital LLC TRC lifted its stake in shares of Andeavor by 1,082.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,656 shares of the oil and gas company’s stock valued at $189,000 after purchasing an additional 1,516 shares during the last quarter. Park Avenue Securities LLC acquired a new position in shares of Andeavor in the 4th quarter valued at $201,000. Finally, Moors & Cabot Inc. acquired a new position in shares of Andeavor in the 4th quarter valued at $206,000. 81.40% of the stock is currently owned by institutional investors.
Andeavor opened at $144.43 on Friday, according to Marketbeat.com. Andeavor has a 12-month low of $82.01 and a 12-month high of $150.44. The company has a current ratio of 1.41, a quick ratio of 0.64 and a debt-to-equity ratio of 0.64. The stock has a market cap of $21.54 billion, a P/E ratio of 22.32, a PEG ratio of 1.58 and a beta of 1.35.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Thursday, May 31st will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 1.63%. The ex-dividend date is Wednesday, May 30th. Andeavor’s payout ratio is 36.48%.
In other Andeavor news, Director Jeff A. Stevens sold 16,250 shares of the company’s stock in a transaction dated Tuesday, May 29th. The stock was sold at an average price of $142.71, for a total transaction of $2,319,037.50. Following the sale, the director now owns 1,048,109 shares in the company, valued at approximately $149,575,635.39. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Blane W. Peery sold 1,012 shares of the company’s stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $99.39, for a total value of $100,582.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 932,033 shares of company stock worth $116,060,460. 7.00% of the stock is owned by corporate insiders.
Several brokerages have recently commented on ANDV. Tudor Pickering lowered Andeavor from a “buy” rating to a “hold” rating in a research note on Friday, May 18th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $145.00 price target (up previously from $142.00) on shares of Andeavor in a research note on Friday, May 18th. Morgan Stanley upped their price target on Andeavor from $145.00 to $182.00 and gave the company a “hold” rating in a research note on Tuesday, May 22nd. Citigroup lowered Andeavor from a “buy” rating to a “neutral” rating and decreased their price target for the company from $144.08 to $80.46 in a research note on Thursday, May 10th. Finally, JPMorgan Chase & Co. lowered Andeavor from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $144.06 to $131.00 in a research note on Monday, May 14th. Ten analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Andeavor presently has an average rating of “Buy” and an average target price of $127.97.
Andeavor Company Profile
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.
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