Van ECK Associates Corp lessened its position in Andeavor Logistics LP (NYSE:ANDX) by 2.3% during the fourth quarter, Holdings Channel reports. The fund owned 16,954 shares of the oil and gas company’s stock after selling 399 shares during the period. Van ECK Associates Corp’s holdings in Andeavor Logistics were worth $551,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Alps Advisors Inc. boosted its stake in shares of Andeavor Logistics by 33.1% during the 4th quarter. Alps Advisors Inc. now owns 10,451,568 shares of the oil and gas company’s stock valued at $339,571,000 after purchasing an additional 2,597,131 shares in the last quarter. Tortoise Capital Advisors L.L.C. boosted its stake in shares of Andeavor Logistics by 8.8% during the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 14,726,926 shares of the oil and gas company’s stock valued at $715,140,000 after purchasing an additional 1,187,861 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Andeavor Logistics during the 3rd quarter valued at about $43,476,000. Virtus ETF Advisers LLC bought a new stake in shares of Andeavor Logistics during the 3rd quarter valued at about $34,442,000. Finally, CIBC Private Wealth Group LLC boosted its stake in shares of Andeavor Logistics by 28.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,764,081 shares of the oil and gas company’s stock valued at $89,805,000 after purchasing an additional 613,411 shares in the last quarter. 34.41% of the stock is currently owned by institutional investors and hedge funds.
Andeavor Logistics stock traded down $0.47 during trading hours on Friday, hitting $34.24. The stock had a trading volume of 6,049 shares, compared to its average volume of 620,261. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.52 and a current ratio of 0.52. The stock has a market capitalization of $8.52 billion, a PE ratio of 13.34, a price-to-earnings-growth ratio of 1.56 and a beta of 1.60. Andeavor Logistics LP has a 12-month low of $31.49 and a 12-month high of $50.82.
Andeavor Logistics (NYSE:ANDX) last released its quarterly earnings data on Thursday, February 7th. The oil and gas company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.07). Andeavor Logistics had a net margin of 26.47% and a return on equity of 18.11%. The company had revenue of $623.00 million for the quarter, compared to analysts’ expectations of $647.48 million. During the same period in the previous year, the firm earned $0.25 earnings per share. The firm’s revenue for the quarter was down 44.1% on a year-over-year basis. As a group, equities research analysts forecast that Andeavor Logistics LP will post 3.04 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 14th. Stockholders of record on Tuesday, February 5th were issued a dividend of $1.03 per share. The ex-dividend date of this dividend was Monday, February 4th. This represents a $4.12 annualized dividend and a dividend yield of 12.03%. Andeavor Logistics’s payout ratio is 160.31%.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Andeavor Logistics from a “hold” rating to a “sell” rating in a research note on Wednesday, February 13th. Barclays began coverage on shares of Andeavor Logistics in a research report on Thursday, December 13th. They set an “equal weight” rating and a $36.00 price target for the company. Citigroup lowered their price target on shares of Andeavor Logistics from $55.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, November 29th. Finally, ValuEngine cut shares of Andeavor Logistics from a “sell” rating to a “strong sell” rating in a research report on Monday, February 4th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company. Andeavor Logistics currently has a consensus rating of “Hold” and a consensus target price of $47.31.
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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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