Ferris Capital LLC acquired a new stake in Andeavor Logistics LP (NYSE:ANDX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 5,267 shares of the oil and gas company’s stock, valued at approximately $243,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. BB&T Corp acquired a new position in Andeavor Logistics during the third quarter worth $501,000. First Trust Advisors LP acquired a new stake in shares of Andeavor Logistics in the third quarter valued at $4,489,000. Saratoga Research & Investment Management purchased a new position in Andeavor Logistics in the third quarter valued at $169,000. Cedar Wealth Management LLC purchased a new position in Andeavor Logistics in the third quarter valued at $169,000. Finally, State of New Jersey Common Pension Fund D purchased a new position in Andeavor Logistics in the third quarter valued at $8,280,000. 40.31% of the stock is owned by institutional investors.
In other Andeavor Logistics news, Director Jeff A. Stevens purchased 11,980 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were bought at an average price of $48.00 per share, for a total transaction of $575,040.00. Following the purchase, the director now directly owns 240,150 shares in the company, valued at approximately $11,527,200. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeff A. Stevens purchased 1,980 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were acquired at an average price of $46.90 per share, for a total transaction of $92,862.00. Following the purchase, the director now owns 240,150 shares in the company, valued at $11,263,035. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 83,929 shares of company stock valued at $3,944,382. 0.15% of the stock is owned by insiders.
Shares of Andeavor Logistics LP (ANDX) opened at $46.36 on Wednesday. Andeavor Logistics LP has a 1 year low of $42.18 and a 1 year high of $56.25. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market cap of $10,120.00, a PE ratio of 19.90, a P/E/G ratio of 4.03 and a beta of 1.28.
Andeavor Logistics (NYSE:ANDX) last issued its quarterly earnings results on Thursday, February 15th. The oil and gas company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.21). Andeavor Logistics had a return on equity of 19.31% and a net margin of 14.67%. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $519.00 million. research analysts expect that Andeavor Logistics LP will post 2.89 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Wednesday, January 31st were given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 8.63%. The ex-dividend date of this dividend was Tuesday, January 30th. This is an increase from Andeavor Logistics’s previous quarterly dividend of $0.99. Andeavor Logistics’s dividend payout ratio is 171.67%.
ANDX has been the topic of several research reports. Citigroup initiated coverage on Andeavor Logistics in a report on Monday, January 22nd. They set a “buy” rating and a $52.52 price objective on the stock. Credit Suisse Group started coverage on Andeavor Logistics in a report on Thursday, January 4th. They set a “neutral” rating and a $48.00 price target on the stock. Zacks Investment Research upgraded shares of Andeavor Logistics from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research report on Wednesday, January 17th. Bank of America initiated coverage on shares of Andeavor Logistics in a research report on Tuesday, January 9th. They set a “buy” rating for the company. Finally, SunTrust Banks set a $50.00 price target on shares of Andeavor Logistics and gave the company a “buy” rating in a research report on Friday, November 17th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $54.63.
Andeavor Logistics Company Profile
Andeavor Logistics LP, formerly Tesoro Logistics LP, is a full-service logistics company operating in the western and mid-continent regions of the United States. The Company operates through three segments. Its Gathering segment consists of crude oil, natural gas and produced water gathering systems in the Bakken Region and Rockies Region.