Andeavor Logistics LP (ANDX) Position Lowered by BP Capital Fund Advisors LLC

BP Capital Fund Advisors LLC decreased its holdings in Andeavor Logistics LP (NYSE:ANDX) by 26.9% during the 4th quarter, HoldingsChannel reports. The fund owned 44,803 shares of the oil and gas company’s stock after selling 16,489 shares during the quarter. BP Capital Fund Advisors LLC’s holdings in Andeavor Logistics were worth $1,456,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in ANDX. Alps Advisors Inc. lifted its stake in shares of Andeavor Logistics by 33.1% in the fourth quarter. Alps Advisors Inc. now owns 10,451,568 shares of the oil and gas company’s stock worth $339,571,000 after acquiring an additional 2,597,131 shares in the last quarter. Tortoise Capital Advisors L.L.C. raised its stake in Andeavor Logistics by 8.8% during the third quarter. Tortoise Capital Advisors L.L.C. now owns 14,726,926 shares of the oil and gas company’s stock valued at $715,140,000 after buying an additional 1,187,861 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Andeavor Logistics during the third quarter valued at approximately $43,476,000. Virtus ETF Advisers LLC acquired a new stake in Andeavor Logistics during the third quarter valued at approximately $34,442,000. Finally, CIBC Private Wealth Group LLC raised its stake in Andeavor Logistics by 28.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,764,081 shares of the oil and gas company’s stock valued at $89,805,000 after buying an additional 613,411 shares in the last quarter. Institutional investors and hedge funds own 34.22% of the company’s stock.

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Several analysts have issued reports on ANDX shares. SunTrust Banks cut Andeavor Logistics from a “buy” rating to a “hold” rating and cut their price objective for the company from $52.00 to $41.00 in a research note on Tuesday, November 13th. Barclays initiated coverage on Andeavor Logistics in a research note on Thursday, December 13th. They set an “equal weight” rating and a $36.00 price objective on the stock. TheStreet cut Andeavor Logistics from a “b” rating to a “c+” rating in a research report on Tuesday, November 13th. JPMorgan Chase & Co. dropped their price target on Andeavor Logistics from $52.00 to $47.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 14th. Finally, Royal Bank of Canada dropped their price target on Andeavor Logistics from $51.00 to $47.00 and set a “sector perform” rating on the stock in a research report on Tuesday, November 6th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $47.93.

Shares of Andeavor Logistics stock traded up $0.34 on Friday, reaching $35.52. 33,147 shares of the company were exchanged, compared to its average volume of 652,722. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $8.64 billion, a price-to-earnings ratio of 13.82, a PEG ratio of 2.14 and a beta of 1.65. Andeavor Logistics LP has a 1-year low of $31.49 and a 1-year high of $50.82.

Andeavor Logistics (NYSE:ANDX) last announced its quarterly earnings results on Thursday, February 7th. The oil and gas company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.07). The company had revenue of $623.00 million for the quarter, compared to analyst estimates of $647.48 million. Andeavor Logistics had a return on equity of 19.28% and a net margin of 26.47%. The firm’s revenue for the quarter was down 44.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 earnings per share. Sell-side analysts predict that Andeavor Logistics LP will post 3.05 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 14th. Investors of record on Tuesday, February 5th were issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 11.60%. The ex-dividend date of this dividend was Monday, February 4th. Andeavor Logistics’s dividend payout ratio (DPR) is 160.31%.

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Andeavor Logistics Profile

Andeavor Logistics LP operates as a diversified midstream company in the United States. The Terminalling and Transportation segment comprises the Northwest Products Pipeline, 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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