First Hawaiian Bank Buys Shares of 8,003 Andeavor (ANDV)

First Hawaiian Bank bought a new stake in shares of Andeavor (NYSE:ANDV) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 8,003 shares of the oil and gas company’s stock, valued at approximately $1,228,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Victory Capital Management Inc. increased its stake in Andeavor by 0.3% during the 2nd quarter. Victory Capital Management Inc. now owns 124,961 shares of the oil and gas company’s stock valued at $16,392,000 after purchasing an additional 389 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Andeavor by 1.1% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 37,125 shares of the oil and gas company’s stock valued at $4,870,000 after purchasing an additional 412 shares in the last quarter. Rampart Investment Management Company LLC increased its stake in Andeavor by 3.3% during the 2nd quarter. Rampart Investment Management Company LLC now owns 13,414 shares of the oil and gas company’s stock valued at $1,760,000 after purchasing an additional 427 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in Andeavor by 9.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 5,330 shares of the oil and gas company’s stock valued at $699,000 after purchasing an additional 470 shares in the last quarter. Finally, BB&T Securities LLC increased its stake in Andeavor by 12.7% during the 2nd quarter. BB&T Securities LLC now owns 4,486 shares of the oil and gas company’s stock valued at $588,000 after purchasing an additional 504 shares in the last quarter. 77.65% of the stock is currently owned by institutional investors.

ANDV opened at $153.50 on Friday. The company has a current ratio of 1.42, a quick ratio of 0.69 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $23.20 billion, a P/E ratio of 23.72, a price-to-earnings-growth ratio of 1.72 and a beta of 1.19. Andeavor has a 12-month low of $89.58 and a 12-month high of $163.19.

Andeavor (NYSE:ANDV) last posted its quarterly earnings data on Monday, August 6th. The oil and gas company reported $3.54 earnings per share (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 the consensus estimate of $12.36 billion. Andeavor had a net margin of 4.91% and a return on equity of 8.52%. On average, equities research analysts predict that Andeavor will post 8.91 earnings per share for the current year.

ANDV has been the subject of a number of research analyst reports. ValuEngine upgraded shares of Andeavor from a “hold” rating to a “buy” rating in a research note on Thursday, July 12th. Citigroup lifted their price target on shares of Andeavor from $148.00 to $155.00 and gave the stock a “hold” rating in a research note on Friday, September 7th. Royal Bank of Canada lifted their price target on shares of Andeavor to $151.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 14th. They noted that the move was a valuation call. Mizuho initiated coverage on shares of Andeavor in a research note on Thursday, August 2nd. They issued a “neutral” rating and a $158.00 price target for the company. Finally, US Capital Advisors lowered shares of Andeavor from a “buy” rating to a “hold” rating in a research note on Friday, June 29th. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $144.31.

In related news, VP Stephan E. Tompsett sold 490 shares of the firm’s stock in a transaction that occurred on Thursday, August 9th. The shares were sold at an average price of $151.65, for a total value of $74,308.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Paul L. Foster sold 58,800 shares of the firm’s stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $149.37, for a total transaction of $8,782,956.00. Following the completion of the transaction, the director now directly owns 1,280,161 shares in the company, valued at approximately $191,217,648.57. The disclosure for this sale can be found here. In the last three months, insiders sold 201,341 shares of company stock worth $30,181,974. 7.00% of the stock is currently owned by insiders.

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.

Further Reading: Put Option

Want to see what other hedge funds are holding ANDV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Andeavor (NYSE:ANDV).

Institutional Ownership by Quarter for Andeavor (NYSE:ANDV)

Receive News & Ratings for Andeavor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Andeavor and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply