Andeavor (ANDV) Shares Bought by Sumitomo Mitsui Trust Holdings Inc.

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Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Andeavor (NYSE:ANDV) by 0.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 475,285 shares of the oil and gas company’s stock after purchasing an additional 4,171 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Andeavor were worth $72,956,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. LSV Asset Management boosted its stake in shares of Andeavor by 4.0% in the second quarter. LSV Asset Management now owns 1,251,874 shares of the oil and gas company’s stock worth $164,220,000 after acquiring an additional 48,700 shares during the last quarter. Alpine Associates Management Inc. acquired a new stake in shares of Andeavor in the second quarter worth approximately $154,009,000. Natixis boosted its stake in shares of Andeavor by 9,275.8% in the second quarter. Natixis now owns 772,003 shares of the oil and gas company’s stock worth $101,271,000 after acquiring an additional 763,769 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Andeavor by 5.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 737,134 shares of the oil and gas company’s stock worth $113,150,000 after acquiring an additional 40,834 shares during the last quarter. Finally, Swiss National Bank boosted its stake in shares of Andeavor by 1.6% in the second quarter. Swiss National Bank now owns 483,400 shares of the oil and gas company’s stock worth $63,412,000 after acquiring an additional 7,400 shares during the last quarter. 77.65% of the stock is currently owned by institutional investors.

In other Andeavor news, Director Paul L. Foster sold 52,800 shares of Andeavor stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $155.74, for a total value of $8,223,072.00. Following the sale, the director now owns 1,255,452 shares in the company, valued at $195,524,094.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul L. Foster sold 5,880 shares of Andeavor stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $155.82, for a total value of $916,221.60. Following the completion of the sale, the director now owns 1,270,217 shares in the company, valued at approximately $197,925,212.94. The disclosure for this sale can be found here. 7.00% of the stock is owned by insiders.

NYSE:ANDV opened at $153.50 on Friday. Andeavor has a 52 week low of $89.58 and a 52 week high of $163.19.

A number of equities analysts recently commented on ANDV shares. Mizuho started coverage on Andeavor in a research report on Thursday, August 2nd. They set a “neutral” rating and a $158.00 price objective on the stock. Royal Bank of Canada lifted their price objective on Andeavor to $151.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 14th. They noted that the move was a valuation call. Finally, Citigroup lifted their price objective on Andeavor from $148.00 to $155.00 and gave the stock a “hold” rating in a research report on Friday, September 7th. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $147.73.

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Andeavor 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.

See Also: Hedge Funds

Institutional Ownership by Quarter for Andeavor (NYSE:ANDV)

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