Economy

Andeavor Logistics (ANDX) Earning Somewhat Favorable Media Coverage, Report Finds

Virtu Fincl Limited Liability reported 38,846 shares.

Headlines about Andeavor Logistics (NASDAQ:ANDX) have been trending somewhat positive on Thursday, Accern Sentiment reports. Jpmorgan Chase & Communication, New York-based fund reported 1.18 million shares.

Andeavor Logistics has acquired Western Refining Logistics, LP in a unit-for-unit transaction and assumption of US$280 million of net debt for a total enterprise value of approximately US$1.7 billion.

Western Refining Logistics unitholders will receive Andeavor Logistics' quarterly cash distribution for 3Q17 after they have exchanged their Western Refining Logistics units for Andeavor Logistics units. Finally, Cowen and Company raised their target price on shares of Western Refining from $26.00 to $32.00 and gave the stock an outperform rating in a report on Monday, September 19th. Clearbridge Invs Ltd Liability Company invested 0.04% in Western Refining Logistics LP (NYSE:WNRL).

(NYSE:WNRL) shares saw light trading volume with 0 shares changing hands on Tuesday. Center Coast Advisors Lp stated it has 0.12% of its portfolio in Western Refining Logistics LP (NYSE:WNRL). Its down 0.44, from 1.5 in 2017Q1.

Fort Washington Investment Advisors Inc increased Tesoro Logistics Lp (TLLP) stake by 435.71% reported in 2017Q2 SEC filing. Access it here: 000119312517329713. Following the acquisition, the chairman now owns 3,109,466 shares of the company's stock, valued at $73,352,302.94.

Western Refining Logistics stake is new for [reportingPerson]. Morgan Stanley started coverage on Tesoro Logistics in a research note on Wednesday, August 2nd. This shows Andeavor's positive view for Western Refining Logistics. It worsened, as 21 investors sold TLLP shares while 41 reduced holdings. This is increased by 567276. 12919786 were owned by these investors. 7 funds opened new Western Refining Logistics stakes, 14 increased positions.

Tph Asset Management Llc is an investor bullish on Western Refining Logistics, owning 160250 shares as of Q3 2015 for 0.47% of its portfolio. The California-based Ares Management Llc has invested 0.06% in the stock. Westwood Holdings Grp holds 0.38% or 903,464 shares in its portfolio. Further, Center Coast Capital Advisors Lp reported stake worth less than 0.01% of its portfolio. The MA Nbw Capital Llc owns 337358 shares. The Company operates through three segments. (Western). Its logistics assets consist of pipeline and gathering infrastructure and terminalling, transportation and storage assets in the Southwest and the Upper Great Plains region. The company has market cap of $81.07 million. It has a 22.26 P/E ratio.

A number of equities research analysts have issued reports on ANDX shares. Therefore 67% are positive. Western Refining has a 12 month low of $18.14 and a 12 month high of $47.55. Based on the stock's volatility for the week, which is a statistical measure of the dispersion of returns for a given stock and represents average daily high/low percentage range of 3.50% and month of 2.31%. Western Refining Logistics had 11 analyst reports since July 21, 2015 according to SRatingsIntel. Mitsubishi UFJ Financial Group upgraded Andeavor Logistics to a "buy" rating and set a $60.00 target price on the stock in a report on Wednesday, August 16th. As per Thursday, April 21, the company rating was initiated by Raymond James. Veritable Lp reported 0.01% in Andeavor Logistics LP (NYSE:ANDX). Deutsche Bank has "Buy" rating and $9 target. The rating was maintained by RBC Capital Markets with "Buy" on Monday, June 19.

COPYRIGHT VIOLATION NOTICE: "Andeavor Logistics (ANDX) Earning Somewhat Favorable Media Coverage, Report Finds" was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. Zacks Investment Research raised Western Refining Logistics, from a "strong sell" rating to a "hold" rating in a research report on Tuesday, October 17th. The firm has "Buy" rating given on Friday, September 30 by Mizuho. The firm has "Neutral" rating given on Monday, October 26 by Credit Suisse.



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