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Where Is Andeavor Headed in 4Q17?

PART:
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
Part 11
Where Is Andeavor Headed in 4Q17? PART 11 OF 15

Where Does Institutional Ownership in ANDV Stand?

Series recap

So far in this series, we’ve discussed Andeavor’s (ANDV) refining margin in 3Q17, refining index values in 4Q17, and regional refining cracks’ trend in 4Q17. We also reviewed ANDV’s leverage and cash flow position before moving onto ANDV’s market performance in 4Q17.

We saw how Andeavor stock has underperformed the broader market and what ANDV’s moving average suggests. We also estimated Andeavor stock’s 28-day price forecast range for the period ending December 29, 2017, based on its implied volatility.

We also reviewed analysts’ ratings and expectations of Andeavor’s dividend payment for the next quarter. In this article, we’ll look at institutional ownership in Andeavor.

Where Does Institutional Ownership in ANDV Stand?

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Institutional ownership in ANDV

Institutional ownership in Andeavor (ANDV) currently stands at ~81.0% of outstanding shares. Institutions with the highest holdings in Andeavor include The Vanguard Group, State Street Global Advisors, Boston Partners, and BlackRock Institutional Trust.

On an average and analyzing data from the past six months, The Vanguard Group, State Street Global Advisors, and Boston Partners have reduced their total holdings in Andeavor. However, BlackRock Institutional Trust has increased its holdings in the company.

Hound Partners and Slate Path Capital have sold the highest numbers of ANDV shares in the past six months. Franklin Mountain Investments and T. Rowe Price Associates have acquired the largest number of ANDV shares in the past six months.

Peers’ institutional holdings

ANDV’s peers Marathon Petroleum (MPC), Valero Energy (VLO), and Phillips 66 (PSX) have institutional holdings of ~83.0%, ~84.0%, and ~72.0%, respectively.

In the next part, we’ll evaluate where Andeavor stands in terms of forward valuations compared to its peers.

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