Andeavor Logistics (ANDX) Raised to Neutral at Credit Suisse Group

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.

Andeavor Logistics (NYSE:ANDX) last released its quarterly earnings results on Wednesday, May 8th. The oil and gas company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.09). The firm had revenue of $630.00 million for the quarter, compared to the consensus estimate of $639.64 million. Andeavor Logistics had a return on equity of 17.19% and a net margin of 26.18%. The firm’s revenue was up 15.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.59 EPS. Equities research analysts predict that Andeavor Logistics will post 2.83 EPS for the current year.

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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