Andeavor Logistics (ANDX) Upgraded by Credit Suisse Group to “Neutral”

Credit Suisse Group upgraded shares of Andeavor Logistics (NYSE:ANDX) from an underperform rating to a neutral rating in a report released on Monday morning, The Fly reports.

Several other equities research analysts have also recently weighed in on the company. Zacks Investment Research upgraded Andeavor Logistics from a sell rating to a hold rating in a research report on Friday, March 1st. Mitsubishi UFJ Financial Group reiterated a neutral rating on shares of Andeavor Logistics in a research report on Wednesday, May 8th. Finally, ValuEngine cut Andeavor Logistics from a sell rating to a strong sell rating in a research report on Monday, February 4th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $46.30.

NYSE ANDX opened at $35.97 on Monday. The stock has a market cap of $8.74 billion, a price-to-earnings ratio of 14.00, a price-to-earnings-growth ratio of 1.44 and a beta of 1.55. Andeavor Logistics has a 52 week low of $31.49 and a 52 week high of $50.82. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 1.16.

Andeavor Logistics (NYSE:ANDX) last released its quarterly earnings data on Wednesday, May 8th. The oil and gas company reported $0.60 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.09). The business had revenue of $630.00 million for the quarter, compared to analysts’ expectations of $639.64 million. Andeavor Logistics had a net margin of 26.18% and a return on equity of 17.19%. Andeavor Logistics’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same period last year, the company earned $0.59 earnings per share. On average, analysts anticipate that Andeavor Logistics will post 2.83 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Thursday, May 9th were given a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 11.45%. The ex-dividend date was Wednesday, May 8th. Andeavor Logistics’s dividend payout ratio (DPR) is 160.31%.

Several hedge funds have recently bought and sold shares of ANDX. LPL Financial LLC bought a new position in shares of Andeavor Logistics in the third quarter worth approximately $224,000. Marshall Wace LLP increased its position in shares of Andeavor Logistics by 45.4% in the third quarter. Marshall Wace LLP now owns 27,209 shares of the oil and gas company’s stock worth $1,321,000 after purchasing an additional 8,502 shares during the last quarter. Dynamic Advisor Solutions LLC increased its position in shares of Andeavor Logistics by 36.1% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 5,750 shares of the oil and gas company’s stock worth $208,000 after purchasing an additional 1,525 shares during the last quarter. Conning Inc. increased its position in shares of Andeavor Logistics by 18.3% in the fourth quarter. Conning Inc. now owns 63,296 shares of the oil and gas company’s stock worth $2,056,000 after purchasing an additional 9,800 shares during the last quarter. Finally, First Manhattan Co. increased its position in shares of Andeavor Logistics by 166.7% in the fourth quarter. First Manhattan Co. now owns 8,000 shares of the oil and gas company’s stock worth $259,000 after purchasing an additional 5,000 shares during the last quarter. Institutional investors own 33.64% of the company’s stock.

About Andeavor Logistics

Andeavor Logistics LP operates as a diversified midstream company in the United States. The company's Terminalling and Transportation segment comprises the Northwest pipeline system, 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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Analyst Recommendations for Andeavor Logistics (NYSE:ANDX)

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