Andeavor Logistics LP (NASDAQ:ANDX) to Issue Dividend of $0.97

Andeavor Logistics LP (NASDAQ:ANDX) declared a dividend on Wednesday, July 19th, Fidelity reports. Investors of record on Friday, August 4th will be given a dividend of 0.971 per share on Monday, August 14th. The ex-dividend date of this dividend is Wednesday, August 2nd.

Shares of Andeavor Logistics (NASDAQ:ANDX) opened at 48.22 on Friday. Andeavor Logistics has a one year low of $43.00 and a one year high of $60.14. The firm’s 50-day moving average price is $51.13 and its 200-day moving average price is $53.16. The stock has a market capitalization of $5.21 billion and a P/E ratio of 27.71.

Andeavor Logistics (NASDAQ:ANDX) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.64 by $0.01. The firm had revenue of $413 million for the quarter, compared to analyst estimates of $441.69 million. Equities research analysts anticipate that Andeavor Logistics will post $2.49 EPS for the current fiscal year.

ANDX has been the topic of several research analyst reports. Barclays PLC reaffirmed an “overweight” rating and set a $62.00 price target (down previously from $65.00) on shares of Andeavor Logistics in a research report on Thursday, August 10th. Bank of America Corporation cut their target price on shares of Andeavor Logistics from $58.00 to $55.00 and set a “buy” rating on the stock in a report on Wednesday. Mitsubishi UFJ Financial Group raised shares of Andeavor Logistics to a “buy” rating and set a $60.00 target price on the stock in a report on Wednesday. Scotiabank reissued a “buy” rating and issued a $59.00 target price on shares of Andeavor Logistics in a report on Thursday. Finally, Credit Suisse Group raised their target price on shares of Andeavor Logistics from $59.00 to $63.00 and gave the stock a “neutral” rating in a report on Friday, August 11th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Andeavor Logistics currently has a consensus rating of “Buy” and an average price target of $59.80.

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