36.42 +0.26 (0.72%)
After hours: 5:05PM EDT
|Bid||36.15 x 900|
|Ask||36.15 x 900|
|Day's Range||36.09 - 36.58|
|52 Week Range||31.49 - 50.82|
|Beta (3Y Monthly)||1.13|
|PE Ratio (TTM)||14.09|
|Earnings Date||Aug 1, 2019|
|Forward Dividend & Yield||4.12 (11.26%)|
|1y Target Est||37.56|
FINDLAY, Ohio , July 1, 2019 /PRNewswire/ -- Andeavor Logistics LP (NYSE: ANDX) a master limited partnership sponsored by Marathon Petroleum Corp. (NYSE: MPC), plans to release its 2019 second-quarter ...
The sale that will complete the union of defunct San Antonio company Andeavor and Ohio-based Marathon Petroleum Corp. is expected to close July 30 with little to no opposition. Marathon [NYSE: MPC] already has the votes it needs to complete the sale between its pipeline and terminal company, MPLX LP (NYSE: MPLX), and Andeavor Logistics LP [NYSE: ANDX], the companies said in a statement last week.
FINDLAY, Ohio, June 28, 2019 /PRNewswire/ -- MPLX LP (MPLX) and Andeavor Logistics LP (ANDX) today announced that the Board of Directors of the general partner of ANDX has set June 28, 2019 as the record date for determining holders of ANDX common units entitled to execute and deliver written consents with respect to the proposed acquisition. ANDX's general partner and a subsidiary of Marathon Petroleum Corporation (MPC), which together own approximately 64% of ANDX's common units, have delivered written consents adopting and approving in all respects the Agreement and Plan of Merger, dated as of May 7, 2019 (the "Merger Agreement") and the transactions contemplated thereby. The delivery of these consents is sufficient to adopt the Merger Agreement and approve the acquisition of ANDX by MPLX, without the receipt of written consent from any other holder of ANDX units.
Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC are investigating the proposed sale of Andeavor Logistics LP to MPLX LP .
NEW YORK , May 30, 2019 /PRNewswire/ -- Amber Road, Inc. (AMBR) Lifshitz & Miller announces investigation into possible breach of fiduciary duties in connection with the proposed sale of Amber Road to ...
NEW YORK , May 15, 2019 /PRNewswire/ -- Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in New York ...
WILMINGTON, Del., May 10, 2019 -- Rigrodsky & Long, P.A.: Do you own units of Andeavor Logistics LP (NYSE: ANDX)? Did you purchase any of your units prior to May 8,.
NEW YORK, NY / ACCESSWIRE / May 9, 2019 / The following statement is being issued by Levi & Korsinsky, LLP: Levi & Korsinsky, LLP announces that investigations have commenced on behalf of shareholders ...
MPLX's first-quarter earnings are supported by contribution from dropdown transactions related to the Logistics and Supply segment's pipelines and refining logistics assets.
The parent company of Dayton's largest company, Speedway LLC, has finalized its merger of two additional companies.
Moody's Investors Service ("Moody's") upgraded MPLX LP's (MPLX) senior unsecured debt rating to Baa2 from Baa3. At the same time, Moody's upgraded the ratings of Andeavor Logistics LP (ANDX) including its senior unsecured debt to Baa3 from Ba1, and its preferred equity to Ba2 from Ba3.
NEW YORK, May 08, 2019 -- Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of Andeavor Logistics LP (NYSE: ANDX) on behalf of.
The deal comes months after the U.S. refiner said it had been weighing a possible merger of MPLX and Andeavor Logistics LP, the two master limited partnerships (MLPs) in its midstream segment that transport, store and market crude oil and its refined products. "This transaction simplifies our MLPs into a single listed entity and creates a leading, large-scale, diversified midstream company anchored by fee-based cash flows," Chief Executive Officer Gary Heminger said in a statement.
MPC’s Q1 Earnings Fall Short of Analysts' Expectations(Continued from Prior Part)Two midstream MLPs to combineOn May 8, Marathon Petroleum (MPC), MPLX LP (MPLX), and Andeavor Logistics LP (ANDX) announced that MPLX would acquire ANDX. As per the
NEW YORK, May 08, 2019 -- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased Andeavor Logistics LP (“Andeavor” or.
Marathon Petroleum's (MPC) Refining & Marketing segment reported operating loss of $334 million compared with loss of $133 million in the year-ago quarter.
Marathon Petroleum Corp. is merging two of its oil and gas pipeline, transportation and storage operations for $9 billion. MPLX and Andeavor Logistics are both master limited partnerships majority owned by Marathon, which raised the possibility that it might combine the two late last year. Andeavor unitholders will receive 1.135 MPLX common units for each Andeavor common unit held.
U.S. oil refiner Marathon Petroleum Corp said on Wednesday MPLX would buy Andeavor Logistics LP for $9 billion, merging its two midstream units that transport, store and market crude oil and refined products through pipelines, terminals and trucking operations. In October, the refiner said it planned to assess options for the two master limited partnerships, which could include either one buying the other. Under the terms of the agreement, Andeavor shareholders will receive 1.135 common units of MPLX for each common unit held and Marathon will receive 1.0328 MPLX common units for each ANDX common unit held.
FINDLAY, Ohio , May 8, 2019 /PRNewswire/ -- Reported first-quarter net earnings of $157 million and EBITDA of $319 million , which provided 1.06x distribution coverage and resulted in 3.9x leverage Terminalling ...
FINDLAY, Ohio , May 8, 2019 /PRNewswire/ -- Reported first quarter net income of $503 million and adjusted EBITDA of $930 million , which provided 1.41x distribution coverage and resulted in 3.9x leverage ...
Shares of Andeavor Logistics L.P. rallied 5.7% in premarket trade Wednesday, after the energy midstream logistics master limited partnership agreed to be acquired by MPLX L.P. in a deal valued at $9 billion. Under terms of the deal, Andeavor shareholders will receive 1.135 MPLX shares for each Andeavor share they own, which the companies said represent a 7.3% premium. In addition, Marathon Petroleum Corp. will receive 1.0328 MPLX shares for each Andeavor share held, representing a 2.4% discount. "This transaction simplifies our MLPs into a single listed entity and creates a leading, large-scale, diversified midstream company anchored by fee-based cash flows," said Gary Heminger, who is chief executive of all three entities. The deal is expected to immediately add to MPLX's distributable cash flow. Shares of Marathon Petroleum have tumbled 21.1% over the past 12 months, MPLX has shed 9.1% and Andeavor has dropped 27.6%, while the S&P 500 has gained 7.9%.
FINDLAY, Ohio , May 8, 2019 /PRNewswire/ -- Reported first-quarter loss of $7 million , or $(0.01) per diluted share, including a net benefit of $0.08 per diluted share due to a non-cash gain, transaction-related ...