Tesoro Logistics LP (TLLP) Receives New Coverage from Analysts at Mizuho
Separately, Jefferies Group began coverage on shares of Tesoro Logistics in a research report on Tuesday, August 23rd. They set a hold rating on the stock. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of Buy and an average price target of $60.88.
Tesoro Logistics (NYSE:TLLP) traded down 0.64% during trading on Friday, reaching $48.13. 36,663 shares of the company’s stock traded hands. Tesoro Logistics has a 12 month low of $35.18 and a 12 month high of $56.92. The company has a market capitalization of $4.87 billion, a price-to-earnings ratio of 21.61 and a beta of 1.05. The firm’s 50 day moving average is $46.90 and its 200-day moving average is $47.08.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TLLP. ING Groep NV increased its position in Tesoro Logistics by 141.3% in the first quarter. ING Groep NV now owns 456,260 shares of the company’s stock worth $20,837,000 after buying an additional 267,211 shares during the last quarter. State Street Corp increased its position in Tesoro Logistics by 4.1% in the first quarter. State Street Corp now owns 48,163 shares of the company’s stock worth $2,199,000 after buying an additional 1,884 shares during the last quarter. TPH Asset Management LLC increased its position in Tesoro Logistics by 218.3% in the first quarter. TPH Asset Management LLC now owns 228,777 shares of the company’s stock worth $10,446,000 after buying an additional 156,902 shares during the last quarter. Silvercrest Asset Management Group LLC increased its position in Tesoro Logistics by 43.6% in the first quarter. Silvercrest Asset Management Group LLC now owns 141,173 shares of the company’s stock worth $6,446,000 after buying an additional 42,861 shares during the last quarter. Finally, Harvest Fund Advisors LLC boosted its stake in shares of Tesoro Logistics by 2.0% in the first quarter. Harvest Fund Advisors LLC now owns 3,617,435 shares of the company’s stock worth $165,172,000 after buying an additional 70,454 shares during the period.
About Tesoro Logistics
Tesoro Logistics LP (TLLP) owns, operates, develops and acquires logistics assets. TLLP is a logistics company operating primarily in the western and mid-continent regions of the United States. The Company operates through three segments: Gathering, Processing, and Terminalling and Transportation. Its gathering systems include crude oil and natural gas pipeline gathering systems in the Bakken Shale/Williston Basin area of North Dakota and Montana and the Green River Basin, Uinta Basin and Vermillion Basin in the states of Utah, Colorado and Wyoming.
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