Baird Financial Group Inc. Reduces Position in Andeavor (ANDV)

Baird Financial Group Inc. lowered its stake in shares of Andeavor (NYSE:ANDV) by 14.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,105 shares of the oil and gas company’s stock after selling 4,243 shares during the period. Baird Financial Group Inc.’s holdings in Andeavor were worth $3,424,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of ANDV. Ostrum Asset Management bought a new position in Andeavor in the 1st quarter worth approximately $123,000. CIBC Private Wealth Group LLC boosted its holdings in Andeavor by 114.5% in the 2nd quarter. CIBC Private Wealth Group LLC now owns 1,255 shares of the oil and gas company’s stock valued at $165,000 after purchasing an additional 670 shares during the period. Parallel Advisors LLC boosted its holdings in Andeavor by 719.9% in the 2nd quarter. Parallel Advisors LLC now owns 1,320 shares of the oil and gas company’s stock valued at $173,000 after purchasing an additional 1,159 shares during the period. Ropes Wealth Advisors LLC boosted its holdings in Andeavor by 118.7% in the 2nd quarter. Ropes Wealth Advisors LLC now owns 1,428 shares of the oil and gas company’s stock valued at $187,000 after purchasing an additional 775 shares during the period. Finally, Signaturefd LLC bought a new position in Andeavor in the 1st quarter valued at $209,000. Institutional investors own 77.65% of the company’s stock.

In related news, Director Paul L. Foster sold 58,800 shares of Andeavor stock in a transaction on Thursday, July 12th. The shares were sold at an average price of $133.26, for a total value of $7,835,688.00. Following the transaction, the director now owns 1,304,912 shares in the company, valued at approximately $173,892,573.12. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Paul L. Foster sold 5,880 shares of Andeavor stock in a transaction on Wednesday, August 29th. The stock was sold at an average price of $155.82, for a total transaction of $916,221.60. Following the completion of the transaction, the director now owns 1,270,217 shares in the company, valued at approximately $197,925,212.94. The disclosure for this sale can be found here. In the last quarter, insiders sold 260,141 shares of company stock worth $38,017,662. 7.00% of the stock is owned by corporate insiders.

Several research analysts have commented on ANDV shares. ValuEngine downgraded shares of Andeavor from a “buy” rating to a “hold” rating in a report on Thursday, June 21st. US Capital Advisors downgraded shares of Andeavor from a “buy” rating to a “hold” rating in a report on Friday, June 29th. Mizuho started coverage on shares of Andeavor in a report on Thursday, August 2nd. They issued a “neutral” rating and a $158.00 price target for the company. Royal Bank of Canada raised their price target on shares of Andeavor to $151.00 and gave the company a “sector perform” rating in a report on Tuesday, August 14th. They noted that the move was a valuation call. Finally, Citigroup raised their price target on shares of Andeavor from $148.00 to $155.00 and gave the company a “hold” rating in a report on Friday, September 7th. Ten research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $144.31.

Shares of NYSE ANDV remained flat at $$153.50 during mid-day trading on Friday. Andeavor has a fifty-two week low of $89.58 and a fifty-two week high of $163.19. The company has a quick ratio of 0.69, a current ratio of 1.42 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $23.20 billion, a P/E ratio of 23.72, a P/E/G ratio of 1.72 and a beta of 1.19.

Andeavor (NYSE:ANDV) last issued its earnings results on Monday, August 6th. The oil and gas company reported $3.54 EPS for the quarter, topping analysts’ consensus estimates of $2.96 by $0.58. The company had revenue of $12.47 billion for the quarter, compared to analysts’ expectations of $12.36 billion. Andeavor had a net margin of 4.91% and a return on equity of 8.52%. On average, analysts anticipate that Andeavor will post 8.91 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 14th. Investors of record on Friday, August 31st were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend was Thursday, August 30th. Andeavor’s payout ratio is presently 36.48%.

About Andeavor

Andeavor, through its subsidiaries, operates as an independent petroleum refining, logistics, and marketing company in the United States. The company operates in three segments: Marketing, Logistics, and Refining. The Marketing segment sells gasoline and diesel fuel through retail, branded, and unbranded channels.

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Institutional Ownership by Quarter for Andeavor (NYSE:ANDV)

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