Andeavor Logistics LP (Andeavor Logistics LP) Momentum Rank : 0 (As of May. 06, 2024)

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What is Andeavor Logistics LP Momentum Rank?

Andeavor Logistics LP has the Momentum Rank of 0.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

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Andeavor Logistics LP (Andeavor Logistics LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Andeavor Logistics LP (NYSE:ANDX) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 East Hardin Street, Findlay, OH, USA, 45840

Website

http://www.andeavorlogistics.com

Andeavor Logistics operates crude oil, refined products, and gas gathering and processing assets primarily in the Western United States. The partnership was formed by parent Andeavor, which owns 59% of the units after the incentive distribution rights exchange.

Executives

Marathon Petroleum Corp	director, 10 percent owner	539 SOUTH MAIN STREET, FINDLAY OH 45840-3229
Western Refining, Inc.	director, 10 percent owner	539 SOUTH MAIN STREET, FINDLAY OH 45840-3229
Sigmund L Cornelius	director	C/O COLUMBIA PIPELINE GROUP, INC., 5151 SAN FELIPE, STE. 2500, HOUSTON TX 77056
Mpc Investment Llc	director, 10 percent owner	539 S. MAIN STREET, FINDLAY OH 45840
Tesoro Refining & Marketing Co Llc	director	539 SOUTH MAIN STREET, FINDLAY OH 45840-3229
Western Refining Southwest, Inc.	director, 10 percent owner	539 SOUTH MAIN STREET, FINDLAY OH 45840-3229
Tesoro Alaska Co Llc	director	539 SOUTH MAIN STREET, FINDLAY OH 45840-3229
Giant Industries, Inc.	director, 10 percent owner	539 S MAIN STREET, FINDLAY OH 45840
Gregory James Goff	director	19100 RIDGEWOOD PARKWAY, SAN ANTONIO TX 78259
Frank M Semple	director	1515 ARAPAHOE ST., TOWER 2, SUITE 700, DENVER CO 80202
Andeavor Llc	director, 10 percent owner	539 SOUTH MAIN STREET, FINDLAY OH 45840-3229
Tesoro Logistics Gp, Llc	director	200 E. HARDIN STREET, FINDLAY OH 45840
Ruth Dreessen	director	6850 VERSAR CENTER, SPRINGFIELD VA 22151
Mplx Gp Llc	director, 10 percent owner	200 E. HARDIN STREET, FINDLAY OH 45840
Mplx Logistics Holdings Llc	other: Less than 10% owner	200 E. HARDIN STREET, FINDLAY OH 45840