Andeavor (ANDV) sees Significant Insider Selling Continuing

Friday, January 12, 2018 10:15 PM ET

Andeavor (ANDV) sees Significant Insider Selling Continuing

There was a substantial sale of shares of Andeavor by an insider today, as revealed in a form 4 document filed with the SEC. One insider — Jeff A Stevens, Director — disposed of 32,500 shares in the company having a market value of approximately $3,804,705. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 131,200 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 163,700 shares and have averaged 54,567 shares per transaction over this time period.

Andeavor insider trading represents a higher number of buy/sell trades than for the 36 peer company average over the last 90-day period. The Oil & Gas Refining and Marketing peer group saw 25 buy/sell trades during this period for an average of 0.7 transactions per company. The number of shares per buy/sell trade for Andeavor insiders was also higher. Within the peer group there were 70,883 shares purchased and 341,220 shares sold with company insiders selling 10,813 shares on average.

The data obtained in composing and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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