BP Capital Fund Advisors LLC Trims Position in Andeavor Logistics LP (ANDX)

BP Capital Fund Advisors LLC decreased its holdings in Andeavor Logistics LP (NYSE:ANDX) by 26.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. raised its stake in Andeavor Logistics by 39.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,246,885 shares of the oil and gas company’s stock worth $40,511,000 after acquiring an additional 351,577 shares in the last quarter. Stephens Inc. AR raised its stake in Andeavor Logistics by 167.3% during the fourth quarter. Stephens Inc. AR now owns 37,126 shares of the oil and gas company’s stock worth $1,206,000 after acquiring an additional 23,239 shares in the last quarter. BlackRock Inc. raised its stake in Andeavor Logistics by 1.3% during the fourth quarter. BlackRock Inc. now owns 259,304 shares of the oil and gas company’s stock worth $8,425,000 after acquiring an additional 3,293 shares in the last quarter. Summit Financial LLC acquired a new position in Andeavor Logistics during the fourth quarter worth about $531,000. Finally, First Trust Advisors LP raised its stake in Andeavor Logistics by 17.7% during the fourth quarter. First Trust Advisors LP now owns 143,694 shares of the oil and gas company’s stock worth $4,669,000 after acquiring an additional 21,638 shares in the last quarter. Institutional investors and hedge funds own 34.41% of the company’s stock.

ANDX has been the subject of several research analyst reports. Citigroup lowered their target price on Andeavor Logistics from $55.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, November 29th. Barclays initiated coverage on Andeavor Logistics in a report on Thursday, December 13th. They issued an “equal weight” rating and a $36.00 target price on the stock. Zacks Investment Research upgraded Andeavor Logistics from a “sell” rating to a “hold” rating in a report on Friday, March 1st. Finally, ValuEngine cut Andeavor Logistics from a “sell” rating to a “strong sell” rating in a report on Monday, February 4th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $47.31.

Shares of NYSE:ANDX traded down $0.77 during trading on Friday, reaching $33.94. 4,436,405 shares of the stock were exchanged, compared to its average volume of 694,790. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.10. Andeavor Logistics LP has a 1-year low of $31.49 and a 1-year high of $50.82. The firm has a market capitalization of $8.52 billion, a price-to-earnings ratio of 13.21, a PEG ratio of 1.56 and a beta of 1.60.

Andeavor Logistics (NYSE:ANDX) last issued its 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 firm 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 18.11% and a net margin of 26.47%. Andeavor Logistics’s revenue for the quarter was down 44.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.25 earnings per share. Equities research analysts anticipate that Andeavor Logistics LP will post 3.04 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, February 14th. Investors of record on Tuesday, February 5th were given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 12.14%. The ex-dividend date was Monday, February 4th. Andeavor Logistics’s payout ratio is currently 160.31%.

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Andeavor Logistics Company 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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