ANDV - Andeavor

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by KyleLennon, May 9, 2018.

  1. KyleLennon

    KyleLennon Member

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    Andeavor, formerly known as Tesoro Corporation, or simply as Tesoro, is a Fortune 100 and a Fortune Global 500 company headquartered in Texas at San Antonio, with 2013 annual revenues of $37 billion, and over 13,000 employees worldwide.

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    ANDV reported better than expected Q1 earnings.

    Revenues rose 55% year-over-year to the north of $10.3B.
    The operating income increased to $205 million vs. $34 million a year ago.
    Marketing segment operating earnings slipped to $128 million from $133 million.

    Marathon Petroleum has agreed to buy all the outstanding Andeavor shares, valued $23.3 billion. The deal also assumes Andeavor's debt, thus pushing the total value of the transaction to $35.6 billion.

    However, Morgan Stanley downgrade to Equal Weight (from Overweight) because ANDV did not mean its expectation.

    How do you think about ANDV?
     
  2. Stockaholic

    Stockaholic Content Manager

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    Andeavor, through its subsidiaries, operates as an independent petroleum refining, logistics, and marketing company in the United States. The company operates in three segments: Marketing, Logistics, and Refining. The Marketing segment sells gasoline and diesel fuel through retail, branded, and unbranded channels. This segment operates a network of 3,255 retail stations under the ARCO, Shell, Mobil, and SUPERAMERICA brands. The Logistics segment gathers and transports crude oil by pipelines, as well as by trucks. It operates approximately 13 million barrels of crude oil, feedstock, blendstock, refined product, and asphalt storage tanks. The Refining segment buys and refines crude oil and other feed stocks into transportation fuels, such as gasoline and gasoline blend stocks, jet fuel, and diesel fuel, as well as other products, including heavy fuel oils, liquefied petroleum gas, petroleum coke, calcined coke, and asphalt. It also sells refined products in the bulk market principally to independent unbranded distributors, other refining and marketing companies, utilities, railroads, airlines, and marine and industrial end-users in the western United States. This segment owns and operates 10 petroleum refineries with a combined crude oil capacity of approximately 1,157 thousand barrels per day. The company was formerly known as Tesoro Corporation and changed its name to Andeavor in August 2017. Andeavor was founded in 1968 and is headquartered in San Antonio, Texas.
     

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