Andeavor (NASDAQ:ANDV) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Saturday, October 7th.
Several other research firms have also recently weighed in on ANDV. Howard Weil cut Andeavor from a “sector outperform” rating to a “sector perform” rating and set a $112.00 price objective for the company. in a research report on Thursday, September 28th. Zacks Investment Research cut Andeavor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 13th. Scotiabank cut Andeavor from an “outperform” rating to a “sector perform” rating and upped their price objective for the stock from $103.00 to $112.00 in a research report on Saturday, September 30th. Cowen and Company reaffirmed a “buy” rating and set a $120.00 price objective on shares of Andeavor in a research report on Thursday, September 28th. Finally, Morgan Stanley began coverage on Andeavor in a research report on Wednesday, August 2nd. They set an “overweight” rating for the company. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $116.00.
Andeavor (ANDV) opened at 104.45 on Friday. Andeavor has a 52 week low of $75.11 and a 52 week high of $107.71. The firm has a market capitalization of $16.39 billion and a PE ratio of 37.04. The firm has a 50-day moving average of $103.12 and a 200 day moving average of $92.26.
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A hedge fund recently bought a new stake in Andeavor stock. Fulton Bank N.A. bought a new stake in shares of Andeavor (NASDAQ:ANDV) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,731 shares of the company’s stock, valued at approximately $281,000.
Andeavor, formerly Tesoro Corporation, is an independent petroleum refining, logistics and marketing company. he Company operates through three segments. The Refining operating segment refines crude oil and other feedstocks into transportation fuels, such as gasoline and gasoline blendstocks, jet fuel and diesel fuel, as well as other products, including heavy fuel oils, liquefied petroleum gas and petroleum coke for sale in bulk markets to a range of customers within its markets.
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