Setting A New 52 Week Low, Andeavor Logistics LP (NYSE:ANDX) Ending The Day At $33.75

Andeavor Logistics LP (NYSE:ANDX)

December 22nd, 2018
Amidst falling markets Andeavor Logistics LP closed Friday up 0.42%, a $0.14 increase to close on $33.75. Despite ending the day higher, Andeavor Logistics LP hit a new 52 week low of $32.95, breaking the previous low of $33.21 from earlier this month. In addition to finishing higher, trading volumes were solid at 548% of normal which can indicate investors see opportunities.

ANDX outperformed the rest of the Energy sector which went down 1.05% today.

Market Sectors

Saturday saw a downward swing in all sectors of the market with Communication Services seeing the biggest drop at 3.07% drop. Utilities has seen the biggest year-to-date gain at 2.24%. The biggest loss this year has been the Energy sector falling 22%.

Sector Breakdown

  • Utilities went down with a -0.71% change.
  • Materials went down with a -0.95% change.
  • Energy went down with a -1.05% change.
  • Consumer Staples went down with a -1.09% change.
  • Healthcare went down with a -1.42% change.
  • Real Estate went down with a -1.58% change.
  • Industrials went down with a -1.93% change.
  • Financials went down with a -1.96% change.
  • Consumer Discretionary went down with a -2.58% change.
  • Information Technology went down with a -2.99% change.
  • Communication Services went down with a -3.07% change.

Andeavor Logistics LP Info

Andeavor Logistics LP operates as a diversified midstream company in the United States. The Terminalling and Transportation segment comprises the Northwest Products Pipeline, including a regulated common carrier products pipeline running from Salt Lake City, Utah to Spokane, Washington and a jet fuel pipeline to the Salt Lake City International Airport; a regulated common carrier refined products pipeline system connecting its refinery to its terminals in Anchorage, Alaska; tankage and related equipment at the refinery; and crude oil and refined products terminals and storage facilities in the western, and southwest and midwestern U.S. This segment also consists of marine terminals in California and Washington; a rail-car unloading and petroleum coke handling facilities; marine terminals; a manifest rail facility; an asphalt trucking operation; a petroleum coke handling and storage facility; asphalt terminalling and processing services; and other pipelines, which transport products and crude oil from its refineries to nearby facilities in Salt Lake City and Los Angeles. The Gathering and Processing segment includes crude oil and natural gas pipeline gathering systems in the Bakken Shale/Williston Basin area of North Dakota and Montana; the Green River Basin, Uinta Basin, and Vermillion Basin in the states of Utah, Colorado, and Wyoming; the Delaware Basin in the Permian Basin area of West Texas and Southern New Mexico; and the Four Corners area of Northwestern New Mexico, as well as crude trucking operations, and gas processing and fractionation complexes. The Wholesale segment consists of bulk petroleum distribution facilities and a fleet of refined product delivery trucks. Tesoro Logistics GP, LLC operates as the general partner of the company. The company was formerly known as Tesoro Logistics LP and changed its name to Andeavor Logistics LP in August 2017. Andeavor Logistics LP was founded in 2010 and is headquartered in San Antonio, Texas.

All amounts in USD unless otherwise indicated
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