Virtu Financial LLC lessened its position in Andeavor Logistics LP (NYSE:ANDX) by 55.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 32,050 shares of the oil and gas company’s stock after selling 40,105 shares during the quarter. Virtu Financial LLC’s holdings in Andeavor Logistics were worth $1,041,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of ANDX. Tortoise Capital Advisors L.L.C. increased its holdings in 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 worth $715,140,000 after purchasing an additional 1,187,861 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in Andeavor Logistics in the third quarter valued at approximately $43,476,000. Virtus ETF Advisers LLC acquired a new stake in Andeavor Logistics during the third quarter worth approximately $34,442,000. Alps Advisors Inc. lifted its position in shares of Andeavor Logistics by 5.7% during the 3rd quarter. Alps Advisors Inc. now owns 7,854,437 shares of the oil and gas company’s stock worth $381,411,000 after buying an additional 422,790 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of Andeavor Logistics by 15.8% during the 3rd quarter. Wells Fargo & Company MN now owns 1,955,183 shares of the oil and gas company’s stock worth $94,943,000 after buying an additional 266,941 shares during the last quarter. Hedge funds and other institutional investors own 33.84% of the company’s stock.
Several brokerages have recently weighed in on ANDX. ValuEngine downgraded shares of Andeavor Logistics from a “sell” rating to a “strong sell” rating in a research report on Monday, February 4th. Zacks Investment Research upgraded shares of Andeavor Logistics from a “sell” rating to a “hold” rating in a research report on Tuesday, January 29th. Barclays began coverage on shares of Andeavor Logistics in a research report on Thursday, December 13th. They issued an “equal weight” rating and a $36.00 price target for the company. Citigroup reduced 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, TheStreet downgraded shares of Andeavor Logistics from a “b” rating to a “c+” rating in a research report on Tuesday, November 13th. 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’s stock. Andeavor Logistics currently has a consensus rating of “Hold” and an average price target of $47.93.
In related news, Director Jeff A. Stevens sold 25,000 shares of the stock in a transaction dated Thursday, November 29th. The shares were sold at an average price of $38.44, for a total value of $961,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.15% of the stock is currently owned by corporate insiders.
Shares of NYSE:ANDX traded up $0.39 on Monday, reaching $34.18. 459,400 shares of the company were exchanged, compared to its average volume of 662,743. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.18. Andeavor Logistics LP has a 1-year low of $31.49 and a 1-year high of $50.82. The stock has a market cap of $8.34 billion, a PE ratio of 13.30, a price-to-earnings-growth ratio of 1.55 and a beta of 1.65.
Andeavor Logistics (NYSE:ANDX) last posted its quarterly earnings results on Thursday, February 7th. The oil and gas company reported $0.66 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.73 by ($0.07). The company had revenue of $623.00 million for the quarter, compared to analyst estimates of $647.48 million. Andeavor Logistics had a return on equity of 19.28% and a net margin of 26.47%. The business’s revenue for the quarter was down 44.1% compared to the same quarter last year. During the same period last year, the company earned $0.25 earnings per share. Equities analysts anticipate that Andeavor Logistics LP will post 3.07 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 14th. Investors of record on Tuesday, February 5th will be paid a $1.03 dividend. The ex-dividend date is Monday, February 4th. This represents a $4.12 dividend on an annualized basis and a yield of 12.05%. Andeavor Logistics’s payout ratio is 160.31%.
Andeavor Logistics 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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