Canton Hathaway LLC lowered its stake in shares of Andeavor Logistics LP (NYSE:ANDX) by 77.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,250 shares of the oil and gas company’s stock after selling 4,400 shares during the quarter. Canton Hathaway LLC’s holdings in Andeavor Logistics were worth $44,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bessemer Group Inc. purchased a new stake in shares of Andeavor Logistics during the fourth quarter worth $56,000. Tower Research Capital LLC TRC purchased a new position in Andeavor Logistics during the third quarter valued at $106,000. Penserra Capital Management LLC purchased a new position in shares of Andeavor Logistics in the 4th quarter worth $171,000. Dynamic Advisor Solutions LLC grew its stake in shares of Andeavor Logistics by 36.1% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 5,750 shares of the oil and gas company’s stock worth $208,000 after buying an additional 1,525 shares in the last quarter. Finally, LPL Financial LLC purchased a new position in shares of Andeavor Logistics in the 3rd quarter worth $224,000. Institutional investors own 34.35% of the company’s stock.
Several analysts recently weighed in on ANDX shares. Barclays started coverage on shares of Andeavor Logistics in a report on Thursday, December 13th. They issued an “equal weight” rating and a $36.00 target price on the stock. Zacks Investment Research cut shares of Andeavor Logistics from a “hold” rating to a “sell” rating in a report on Tuesday, January 15th. Finally, ValuEngine cut shares of Andeavor Logistics from a “sell” rating to a “strong sell” rating in a report on Monday, February 4th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $47.25.
ANDX traded down $0.21 during trading on Wednesday, reaching $34.64. 454,328 shares of the company were exchanged, compared to its average volume of 617,832. The company has a market cap of $8.58 billion, a P/E ratio of 13.48, a PEG ratio of 1.62 and a beta of 1.59. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.52 and a quick ratio of 0.52. Andeavor Logistics LP has a 52 week low of $31.49 and a 52 week high of $50.82.
Andeavor Logistics (NYSE:ANDX) last issued its quarterly earnings data on Thursday, February 7th. The oil and gas company reported $0.66 EPS 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 the consensus estimate of $647.48 million. Andeavor Logistics had a return on equity of 18.11% and a net margin of 26.47%. Andeavor Logistics’s quarterly revenue was down 44.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.25 earnings per share. As a group, research analysts anticipate that Andeavor Logistics LP will post 2.93 earnings per share for the current year.
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About Andeavor Logistics
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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