Andeavor Logistics LP (NYSE:ANDX) has been assigned an average recommendation of “Hold” from the twenty analysts that are presently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $51.21.
A number of analysts have commented on ANDX shares. Bank of America cut shares of Andeavor Logistics from a “neutral” rating to an “underperform” rating and set a $55.00 price target for the company. in a research note on Wednesday, July 18th. Mitsubishi UFJ Financial Group raised their target price on shares of Andeavor Logistics to $52.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 7th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Andeavor Logistics in a research note on Friday, June 1st. Deutsche Bank began coverage on shares of Andeavor Logistics in a research note on Thursday, April 19th. They set a “hold” rating and a $52.00 target price for the company. Finally, Morgan Stanley cut shares of Andeavor Logistics from an “overweight” rating to an “equal weight” rating and set a $46.00 target price for the company. in a research note on Wednesday, May 2nd.
A number of large investors have recently added to or reduced their stakes in ANDX. Advisor Group Inc. increased its holdings in Andeavor Logistics by 148.1% in the 4th quarter. Advisor Group Inc. now owns 2,481 shares of the oil and gas company’s stock valued at $114,000 after buying an additional 1,481 shares during the period. Ferris Capital LLC increased its holdings in Andeavor Logistics by 219.9% in the 2nd quarter. Ferris Capital LLC now owns 4,533 shares of the oil and gas company’s stock valued at $193,000 after buying an additional 3,116 shares during the period. Envestnet Asset Management Inc. increased its holdings in Andeavor Logistics by 512.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 4,694 shares of the oil and gas company’s stock valued at $217,000 after buying an additional 3,928 shares during the period. Tiedemann Advisors LLC bought a new position in Andeavor Logistics in the 1st quarter valued at about $235,000. Finally, Vishria Bird Financial Group LLC bought a new position in Andeavor Logistics in the 2nd quarter valued at about $241,000. 38.56% of the stock is currently owned by institutional investors and hedge funds.
Andeavor Logistics traded up $0.14, hitting $49.54, during trading hours on Tuesday, according to Marketbeat.com. 3,257,968 shares of the company’s stock were exchanged, compared to its average volume of 710,427. Andeavor Logistics has a 1-year low of $40.66 and a 1-year high of $55.21. The stock has a market capitalization of $10.73 billion, a price-to-earnings ratio of 19.74, a PEG ratio of 5.18 and a beta of 1.39. The company has a current ratio of 0.92, a quick ratio of 0.93 and a debt-to-equity ratio of 1.57.
Andeavor Logistics (NYSE:ANDX) last announced its earnings results on Monday, August 6th. The oil and gas company reported $0.63 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.04). Andeavor Logistics had a return on equity of 18.81% and a net margin of 16.45%. The business had revenue of $557.00 million for the quarter, compared to analyst estimates of $527.61 million. During the same quarter in the previous year, the company posted $0.63 EPS. The business’s revenue for the quarter was down 8.2% compared to the same quarter last year. research analysts predict that Andeavor Logistics will post 2.78 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 14th. Investors of record on Friday, August 3rd will be given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 8.32%. This is a positive change from Andeavor Logistics’s previous quarterly dividend of $1.02. The ex-dividend date is Thursday, August 2nd. Andeavor Logistics’s dividend payout ratio (DPR) is currently 164.14%.
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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