Credit Suisse Group upgraded shares of Andeavor Logistics (NYSE:ANDX) from an underperform rating to a neutral rating in a report published on Monday morning, The Fly reports.
Several other research firms also recently weighed in on ANDX. Mitsubishi UFJ Financial Group reaffirmed a neutral rating on shares of Andeavor Logistics in a report on Wednesday, May 8th. Zacks Investment Research downgraded shares of Andeavor Logistics from a hold rating to a sell rating in a report on Tuesday, January 15th. Finally, ValuEngine downgraded shares of Andeavor Logistics from a sell rating to a strong sell rating in a report on Monday, February 4th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $46.30.
Andeavor Logistics stock opened at $35.60 on Monday. The stock has a market cap of $8.61 billion, a PE ratio of 13.85, a PEG ratio of 1.40 and a beta of 1.55. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.57 and a quick ratio of 0.57. Andeavor Logistics has a one year low of $31.49 and a one year high of $50.82.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Thursday, May 9th were issued a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 11.57%. The ex-dividend date was Wednesday, May 8th. Andeavor Logistics’s payout ratio is currently 160.31%.
Hedge funds have recently bought and sold shares of the stock. Intercontinental Wealth Advisors LLC lifted its holdings in Andeavor Logistics by 230.4% in the 1st quarter. Intercontinental Wealth Advisors LLC now owns 717 shares of the oil and gas company’s stock valued at $25,000 after acquiring an additional 500 shares during the last quarter. Bessemer Group Inc. acquired a new stake in Andeavor Logistics in the 4th quarter valued at about $56,000. Penserra Capital Management LLC acquired a new stake in Andeavor Logistics in the 4th quarter valued at about $171,000. Dynamic Advisor Solutions LLC lifted its holdings in Andeavor Logistics by 36.1% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 5,750 shares of the oil and gas company’s stock valued at $208,000 after acquiring an additional 1,525 shares during the last quarter. Finally, LPL Financial LLC acquired a new stake in Andeavor Logistics in the 3rd quarter valued at about $224,000. 33.64% of the stock is owned by institutional investors and hedge funds.
Andeavor Logistics Company Profile
Andeavor Logistics LP operates as a diversified midstream company in the United States. The company's Terminalling and Transportation segment comprises the Northwest pipeline system, 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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