Spirit of America Management Corp NY cut its holdings in Andeavor Logistics LP (NYSE:ANDX) by 9.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 284,287 shares of the oil and gas company’s stock after selling 29,000 shares during the period. Andeavor Logistics makes up approximately 1.5% of Spirit of America Management Corp NY’s portfolio, making the stock its 25th biggest position. Spirit of America Management Corp NY owned approximately 0.12% of Andeavor Logistics worth $10,024,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of ANDX. Tortoise Capital Advisors L.L.C. increased its position in Andeavor Logistics by 8.8% in the 3rd 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. Tower Research Capital LLC TRC bought a new stake in Andeavor Logistics in the 3rd quarter valued at about $106,000. LPL Financial LLC bought a new stake in Andeavor Logistics in the 3rd quarter valued at about $224,000. Deutsche Bank AG increased its position in Andeavor Logistics by 65.8% in the 3rd quarter. Deutsche Bank AG now owns 602,081 shares of the oil and gas company’s stock valued at $29,235,000 after buying an additional 238,871 shares in the last quarter. Finally, MetLife Investment Advisors LLC bought a new stake in Andeavor Logistics in the 3rd quarter valued at about $7,597,000. 34.40% of the stock is owned by hedge funds and other institutional investors.
ANDX traded up $0.28 during midday trading on Wednesday, reaching $34.36. 3,178 shares of the company were exchanged, compared to its average volume of 389,752. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.52 and a current ratio of 0.52. The firm has a market capitalization of $8.37 billion, a P/E ratio of 13.38, a P/E/G ratio of 1.59 and a beta of 1.59. Andeavor Logistics LP has a one year low of $31.49 and a one year high of $50.82.
A number of analysts recently commented on the company. Zacks Investment Research raised Andeavor Logistics from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. ValuEngine lowered Andeavor Logistics from a “sell” rating to a “strong sell” rating in a research report on Monday, February 4th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $46.82.
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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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