Equities research analysts expect Andeavor (NYSE:ANDV) to post earnings of $3.05 per share for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Andeavor’s earnings, with the highest EPS estimate coming in at $3.50 and the lowest estimate coming in at $2.48. Andeavor reported earnings per share of $1.96 in the same quarter last year, which suggests a positive year over year growth rate of 55.6%. The company is scheduled to report its next earnings results on Tuesday, August 14th.
According to Zacks, analysts expect that Andeavor will report full-year earnings of $9.07 per share for the current fiscal year, with EPS estimates ranging from $8.15 to $10.64. For the next year, analysts anticipate that the company will report earnings of $11.44 per share, with EPS estimates ranging from $8.42 to $13.59. Zacks’ EPS averages are an average based on a survey of research analysts that follow Andeavor.
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Andeavor (NYSE:ANDV) last released its earnings results on Thursday, February 15th. The oil and gas company reported $0.37 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.18 by ($0.81). Andeavor had a return on equity of 6.51% and a net margin of 4.27%. The business had revenue of $10.65 billion during the quarter, compared to analysts’ expectations of $10.79 billion.
A number of research analysts have weighed in on ANDV shares. JPMorgan Chase decreased their target price on shares of Andeavor from $133.00 to $131.00 and set an “overweight” rating on the stock in a research note on Monday, April 9th. Piper Jaffray reaffirmed a “buy” rating and set a $153.00 price target on shares of Andeavor in a research report on Monday, January 22nd. Citigroup raised shares of Andeavor from a “neutral” rating to a “buy” rating and set a $132.00 price target on the stock in a research report on Wednesday, February 14th. Zacks Investment Research raised shares of Andeavor from a “hold” rating to a “buy” rating and set a $133.00 price target on the stock in a research report on Monday, January 22nd. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $112.00 price target on shares of Andeavor in a research report on Friday, February 23rd. Ten research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $125.79.
Andeavor opened at $144.71 on Wednesday, according to MarketBeat.com. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.64 and a current ratio of 1.41. Andeavor has a 1-year low of $81.37 and a 1-year high of $147.28. The company has a market capitalization of $22.19 billion, a price-to-earnings ratio of 22.37, a price-to-earnings-growth ratio of 1.62 and a beta of 1.35.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Thursday, May 31st will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Wednesday, May 30th. Andeavor’s payout ratio is 36.48%.
In other news, SVP Michael James Morrison bought 1,700 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were bought at an average price of $93.83 per share, with a total value of $159,511.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeff A. Stevens sold 32,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 16th. The shares were sold at an average price of $140.75, for a total value of $4,574,375.00. The disclosure for this sale can be found here. In the last three months, insiders sold 916,795 shares of company stock worth $113,832,138. 7.00% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in ANDV. CIBC World Markets Inc. acquired a new position in shares of Andeavor in the first quarter worth $900,000. Xact Kapitalforvaltning AB grew its stake in shares of Andeavor by 12.8% in the first quarter. Xact Kapitalforvaltning AB now owns 17,437 shares of the oil and gas company’s stock worth $1,753,000 after acquiring an additional 1,983 shares in the last quarter. Millennium Management LLC grew its stake in shares of Andeavor by 2.3% in the first quarter. Millennium Management LLC now owns 532,589 shares of the oil and gas company’s stock worth $53,557,000 after acquiring an additional 12,104 shares in the last quarter. Wexford Capital LP grew its stake in shares of Andeavor by 4,301.2% in the first quarter. Wexford Capital LP now owns 329,343 shares of the oil and gas company’s stock worth $33,119,000 after acquiring an additional 321,860 shares in the last quarter. Finally, CAMG Solamere Management LLC grew its stake in shares of Andeavor by 33.8% in the first quarter. CAMG Solamere Management LLC now owns 2,556 shares of the oil and gas company’s stock worth $259,000 after acquiring an additional 646 shares in the last quarter. 79.27% of the stock is currently owned by institutional investors.
Andeavor Company Profile
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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