BP Capital Fund Advisors LLC lifted its stake in shares of Andeavor Logistics LP (NYSE:ANDX) by 7.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 61,262 shares of the oil and gas company’s stock after purchasing an additional 4,134 shares during the period. BP Capital Fund Advisors LLC’s holdings in Andeavor Logistics were worth $2,975,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of the company. Tortoise Index Solutions LLC lifted its position in shares of Andeavor Logistics by 16.1% during the second quarter. Tortoise Index Solutions LLC now owns 13,477 shares of the oil and gas company’s stock worth $573,000 after purchasing an additional 1,873 shares during the last quarter. Conning Inc. lifted its holdings in Andeavor Logistics by 4.6% in the third quarter. Conning Inc. now owns 53,496 shares of the oil and gas company’s stock worth $2,598,000 after acquiring an additional 2,329 shares during the last quarter. Creative Planning lifted its holdings in Andeavor Logistics by 26.0% in the second quarter. Creative Planning now owns 11,984 shares of the oil and gas company’s stock worth $510,000 after acquiring an additional 2,475 shares during the last quarter. Cowen Prime Services LLC lifted its holdings in Andeavor Logistics by 100.0% in the third quarter. Cowen Prime Services LLC now owns 5,000 shares of the oil and gas company’s stock worth $243,000 after acquiring an additional 2,500 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in Andeavor Logistics by 58.3% in the second quarter. CIBC Asset Management Inc now owns 7,911 shares of the oil and gas company’s stock worth $336,000 after acquiring an additional 2,915 shares during the last quarter. 36.67% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have issued reports on ANDX. TheStreet cut shares of Andeavor Logistics from a “b” rating to a “c+” rating in a report on Tuesday, November 13th. Zacks Investment Research raised shares of Andeavor Logistics from a “sell” rating to a “hold” rating in a report on Thursday, October 25th. ValuEngine raised shares of Andeavor Logistics from a “sell” rating to a “hold” rating in a report on Tuesday, August 14th. SunTrust Banks cut shares of Andeavor Logistics from a “buy” rating to a “hold” rating and cut their target price for the stock from $52.00 to $41.00 in a report on Tuesday, November 13th. Finally, JPMorgan Chase & Co. cut their target price on shares of Andeavor Logistics from $52.00 to $47.00 and set a “neutral” rating on the stock in a report on Wednesday, November 14th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $51.38.
Andeavor Logistics (NYSE:ANDX) last released its quarterly earnings results on Wednesday, November 7th. The oil and gas company reported $0.68 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.68. The company had revenue of $843.00 million for the quarter, compared to analysts’ expectations of $571.56 million. Andeavor Logistics had a return on equity of 17.51% and a net margin of 17.74%. The business’s revenue for the quarter was up 44.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.90 earnings per share. As a group, analysts anticipate that Andeavor Logistics LP will post 2.69 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 14th. Stockholders of record on Monday, November 5th were issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 11.10%. The ex-dividend date of this dividend was Friday, November 2nd. This is a boost from Andeavor Logistics’s previous quarterly dividend of $0.97. Andeavor Logistics’s payout ratio is 164.14%.
In other Andeavor Logistics news, Director Jeff A. Stevens purchased 39,175 shares of the business’s stock in a transaction dated Monday, August 27th. The shares were bought at an average price of $50.14 per share, with a total value of $1,964,234.50. Following the completion of the acquisition, the director now owns 527,136 shares in the company, valued at approximately $26,430,599.04. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.15% of the company’s stock.
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Andeavor Logistics Company 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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