Andeavor (ANDV) is Alpine Associates Management Inc.’s 4th Largest Position

Alpine Associates Management Inc. lifted its holdings in Andeavor (NYSE:ANDV) by 2.2% during the third quarter, Holdings Channel reports. The institutional investor owned 1,193,021 shares of the oil and gas company’s stock after buying an additional 25,221 shares during the period. Andeavor makes up about 4.9% of Alpine Associates Management Inc.’s portfolio, making the stock its 4th biggest holding. Alpine Associates Management Inc.’s holdings in Andeavor were worth $178,824,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Natixis boosted its stake in shares of Andeavor by 9,275.8% during the 2nd quarter. Natixis now owns 772,003 shares of the oil and gas company’s stock worth $101,271,000 after purchasing an additional 763,769 shares during the period. Cowen Inc. purchased a new position in shares of Andeavor during the 2nd quarter worth about $60,900,000. Arrowgrass Capital Partners US LP purchased a new position in shares of Andeavor during the 2nd quarter worth about $54,523,000. IndexIQ Advisors LLC boosted its stake in shares of Andeavor by 871.3% during the 2nd quarter. IndexIQ Advisors LLC now owns 415,354 shares of the oil and gas company’s stock worth $54,486,000 after purchasing an additional 372,593 shares during the period. Finally, Omni Partners LLP purchased a new position in shares of Andeavor during the 2nd quarter worth about $42,793,000. Hedge funds and other institutional investors own 77.65% of the company’s stock.

A number of research firms recently commented on ANDV. Royal Bank of Canada lifted their price target on shares of Andeavor to $151.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 14th. They noted that the move was a valuation call. Mizuho began coverage on shares of Andeavor in a research note on Thursday, August 2nd. They set a “neutral” rating and a $158.00 price target for the company. Finally, Citigroup lifted their price target on shares of Andeavor from $148.00 to $155.00 and gave the stock a “hold” rating in a research note on Friday, September 7th. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $147.73.

Andeavor stock opened at $153.50 on Friday. Andeavor has a 1 year low of $89.58 and a 1 year high of $163.19.

In other Andeavor news, Director Paul L. Foster sold 5,880 shares of the business’s stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $155.82, for a total value of $916,221.60. Following the completion of the sale, the director now directly owns 1,270,217 shares of the company’s stock, valued at approximately $197,925,212.94. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Paul L. Foster sold 52,800 shares of the business’s stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $155.74, for a total transaction of $8,223,072.00. Following the completion of the sale, the director now directly owns 1,255,452 shares of the company’s stock, valued at $195,524,094.48. The disclosure for this sale can be found here. 7.00% of the stock is owned by insiders.

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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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Institutional Ownership by Quarter for Andeavor (NYSE:ANDV)

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