KyleLennon
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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.
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?
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?
