Correlation of Andeavor Stock with WTI: Did It Rise in 4Q17?
The correlation coefficient of Andeavor (ANDV) versus WTI has stood at 6% in the past one-year period.
Andeavor (ANDV) reported a fall in its short interest from 3.0% in the beginning of 4Q17 to the current level of 2.3%.
Andeavor’s PEG ratio stands at 0.41, above the peer average of 0.36.
ANDV trades at an EV-to-EBITDA multiple of 7.1x, above its peer average of 6.8x.
Institutional ownership in Andeavor (ANDV) currently stands at ~81.0% of outstanding shares.
In 4Q17, Andeavor’s dividend payment stands at $0.59 per share, representing 18% growth from 4Q15.
Fifteen of the 19 analysts covering Andeavor (ANDV) rated it as a “buy” in December 2017.
Implied volatility in Andeavor has fallen from 21.5% on October 2, 2017, the beginning of 4Q17, to the current level of 20.9%.
Andeavor’s 50-day moving average broke slightly below its 200-day moving average.
So far in 4Q17, Andeavor (ANDV) stock has risen 0.7%, underperforming the market indicator, the SPDR S&P 500 ETF (SPY). SPY has risen 4.8% in the same period.
In 9M17, Andeavor (ANDV) generated ~$1.2 billion in cash from operations.
Andeavor’s (NADV) leverage ratio stood at 3.0x in 3Q17, higher than the average industry ratio of 2.1x.
The Midcontinent region had the highest rise in the crack spread of 93.0% YoY to $21.20 per barrel in 3Q17.
ANDV’s Midcontinent index value has declined to $19.00 per barrel in 4Q17 quarter-to-date from $20.10 per barrel in 3Q17.
Andeavor (ANDV) reported growth in its gross refining margin of $6.00 per barrel over 3Q16 to $15.10 per barrel in 3Q17. We’ll examine ANDV’s current metrics to determine its outlook for 4Q17.
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