Chicago Partners Investment Group LLC decreased its stake in Andeavor Logistics LP (NYSE:ANDX) by 25.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,846 shares of the oil and gas company’s stock after selling 11,593 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Andeavor Logistics were worth $1,253,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Marshall Wace LLP increased its stake in shares of Andeavor Logistics by 45.4% during the 3rd quarter. Marshall Wace LLP now owns 27,209 shares of the oil and gas company’s stock worth $1,321,000 after purchasing an additional 8,502 shares during the last quarter. Clearbridge Investments LLC increased its stake in shares of Andeavor Logistics by 1.1% during the 3rd quarter. Clearbridge Investments LLC now owns 2,188,602 shares of the oil and gas company’s stock worth $106,279,000 after purchasing an additional 23,390 shares during the last quarter. Diversified Trust Co increased its stake in shares of Andeavor Logistics by 25.9% during the 3rd quarter. Diversified Trust Co now owns 25,993 shares of the oil and gas company’s stock worth $1,262,000 after purchasing an additional 5,341 shares during the last quarter. MetLife Investment Advisors LLC acquired a new position in shares of Andeavor Logistics during the 3rd quarter worth $7,597,000. Finally, Virtus Alternative Investment Advisers Inc. acquired a new position in shares of Andeavor Logistics during the 3rd quarter worth $8,543,000. Institutional investors own 33.17% of the company’s stock.
In related news, Director Jeff A. Stevens sold 25,000 shares of the firm’s stock in a transaction on Thursday, November 29th. The shares were sold at an average price of $38.44, for a total value of $961,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.15% of the company’s stock.
Andeavor Logistics (NYSE:ANDX) last posted its earnings results on Wednesday, November 7th. The oil and gas company reported $0.68 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.68. Andeavor Logistics had a net margin of 17.74% and a return on equity of 17.51%. The business had revenue of $843.00 million for the quarter, compared to analyst estimates of $571.56 million. During the same period last year, the business posted $0.90 EPS. Andeavor Logistics’s revenue was up 44.1% compared to the same quarter last year. Research analysts forecast that Andeavor Logistics LP will post 2.64 EPS for the current year.
Several brokerages have recently commented on ANDX. Zacks Investment Research upgraded shares of Andeavor Logistics from a “sell” rating to a “hold” rating in a research note on Monday, September 24th. ValuEngine upgraded shares of Andeavor Logistics from a “sell” rating to a “hold” rating in a research note on Monday, September 17th. Credit Suisse Group began coverage on shares of Andeavor Logistics in a research note on Thursday, October 11th. They set an “underperform” rating and a $46.00 price target on the stock. Raymond James lowered shares of Andeavor Logistics from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 23rd. Finally, Royal Bank of Canada dropped their price target on shares of Andeavor Logistics from $51.00 to $47.00 and set a “sector perform” rating on the stock in a research note on Tuesday, November 6th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $48.80.
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About Andeavor Logistics
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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