Wells Fargo & Company MN Purchases Shares of 897,211 Andeavor Logistics LP (ANDX)

Wells Fargo & Company MN bought a new position in Andeavor Logistics LP (NYSE:ANDX) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 897,211 shares of the oil and gas company’s stock, valued at approximately $44,915,000. Wells Fargo & Company MN owned about 0.83% of Andeavor Logistics as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also modified their holdings of the stock. BB&T Corp purchased a new position in shares of Andeavor Logistics in the 3rd quarter worth approximately $501,000. First Trust Advisors LP purchased a new stake in shares of Andeavor Logistics in the 3rd quarter worth $4,489,000. Saratoga Research & Investment Management purchased a new stake in shares of Andeavor Logistics in the 3rd quarter worth $169,000. Cedar Wealth Management LLC purchased a new stake in shares of Andeavor Logistics in the 3rd quarter worth $169,000. Finally, State of New Jersey Common Pension Fund D bought a new position in shares of Andeavor Logistics in the 3rd quarter worth $8,280,000. 34.86% of the stock is currently owned by institutional investors.

In related news, insider Steven Sterin purchased 1,400 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The shares were purchased at an average price of $45.53 per share, for a total transaction of $63,742.00. Following the transaction, the insider now directly owns 9,714 shares of the company’s stock, valued at approximately $442,278.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeff A. Stevens purchased 1,144 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was bought at an average price of $46.75 per share, for a total transaction of $53,482.00. Following the transaction, the director now directly owns 2,229 shares in the company, valued at $104,205.75. The disclosure for this purchase can be found here. 0.15% of the stock is currently owned by insiders.

Several brokerages recently issued reports on ANDX. SunTrust Banks set a $50.00 target price on Andeavor Logistics and gave the company a “buy” rating in a research report on Friday, November 17th. Scotiabank set a $59.00 price objective on Andeavor Logistics and gave the company a “buy” rating in a report on Thursday, December 7th. Jefferies Group increased their price objective on Andeavor Logistics from $41.00 to $45.00 and gave the company a “hold” rating in a report on Monday, November 20th. Mizuho restated a “hold” rating and issued a $56.00 target price on shares of Andeavor Logistics in a research note on Friday, October 20th. Finally, Barclays lowered their price target on Andeavor Logistics from $57.00 to $55.00 and set an “overweight” rating on the stock in a research report on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. Andeavor Logistics presently has an average rating of “Hold” and an average target price of $55.38.

Andeavor Logistics LP (NYSE ANDX) traded up $1.00 during trading hours on Tuesday, reaching $47.19. The company had a trading volume of 533,576 shares, compared to its average volume of 499,650. The stock has a market capitalization of $10,200.00, a price-to-earnings ratio of 19.83, a PEG ratio of 3.37 and a beta of 1.12. Andeavor Logistics LP has a 52-week low of $42.18 and a 52-week high of $60.14. The company has a debt-to-equity ratio of 2.15, a quick ratio of 1.01 and a current ratio of 1.01.

Andeavor Logistics (NYSE:ANDX) last announced its quarterly earnings results on Wednesday, November 8th. The oil and gas company reported $0.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.22. The company had revenue of $444.00 million during the quarter, compared to the consensus estimate of $414.69 million. Andeavor Logistics had a return on equity of 22.48% and a net margin of 23.50%. Andeavor Logistics’s revenue for the quarter was up 44.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.46 EPS. equities analysts anticipate that Andeavor Logistics LP will post 2.75 earnings per share for the current fiscal year.

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About Andeavor Logistics

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.

Institutional Ownership by Quarter for Andeavor Logistics (NYSE:ANDX)

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