Tesoro Corp. (TSO) Given Average Rating of “Buy” by Analysts
Shares of Tesoro Corp. (NYSE:TSO) have earned a consensus rating of “Buy” from the twenty ratings firms that are covering the firm. Five investment analysts have rated the stock with a hold recommendation, fourteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $100.79.
TSO has been the topic of several recent research reports. Wells Fargo & Co. reiterated a “hold” rating on shares of Tesoro Corp. in a research report on Sunday, July 10th. Simmons restated an “overweight” rating and issued a $82.00 price target (up from $78.00) on shares of Tesoro Corp. in a research report on Monday, August 8th. Barclays PLC restated an “overweight” rating and issued a $105.00 price target on shares of Tesoro Corp. in a research report on Tuesday, August 2nd. Wolfe Research upgraded shares of Tesoro Corp. from a “market perform” rating to an “outperform” rating in a research report on Monday, June 20th. Finally, Zacks Investment Research upgraded shares of Tesoro Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, September 22nd.
Shares of Tesoro Corp. (NYSE:TSO) traded up 0.50% during mid-day trading on Tuesday, reaching $80.71. 1,108,096 shares of the company were exchanged. The firm has a 50-day moving average price of $79.15 and a 200 day moving average price of $78.58. Tesoro Corp. has a 12 month low of $67.80 and a 12 month high of $119.67. The stock has a market capitalization of $9.64 billion, a P/E ratio of 7.55 and a beta of 2.03.
Tesoro Corp. (NYSE:TSO) last issued its earnings results on Wednesday, August 3rd. The company reported $3.47 earnings per share for the quarter, beating the consensus estimate of $1.77 by $1.70. Tesoro Corp. had a net margin of 5.12% and a return on equity of 20.15%. The business had revenue of $6.29 billion for the quarter, compared to analyst estimates of $5.87 billion. During the same period in the previous year, the business earned $4.59 EPS. The firm’s revenue was down 23.7% on a year-over-year basis. Equities research analysts anticipate that Tesoro Corp. will post $5.47 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend was Monday, August 29th. This is an increase from Tesoro Corp.’s previous quarterly dividend of $0.50. Tesoro Corp.’s dividend payout ratio is presently 20.72%.
In other news, CFO Steven Sterin bought 1,100 shares of the stock in a transaction on Friday, August 26th. The stock was purchased at an average price of $73.93 per share, with a total value of $81,323.00. Following the completion of the purchase, the chief financial officer now owns 8,152 shares of the company’s stock, valued at $602,677.36. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.88% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in TSO. Signaturefd LLC boosted its position in Tesoro Corp. by 1.4% in the second quarter. Signaturefd LLC now owns 1,351 shares of the company’s stock valued at $101,000 after buying an additional 18 shares during the period. Cleararc Capital Inc. boosted its position in Tesoro Corp. by 0.8% in the second quarter. Cleararc Capital Inc. now owns 2,931 shares of the company’s stock valued at $220,000 after buying an additional 24 shares during the period. Ifrah Financial Services Inc. boosted its position in Tesoro Corp. by 1.1% in the second quarter. Ifrah Financial Services Inc. now owns 5,629 shares of the company’s stock valued at $422,000 after buying an additional 61 shares during the period. Advantus Capital Management Inc boosted its position in Tesoro Corp. by 0.9% in the second quarter. Advantus Capital Management Inc now owns 11,699 shares of the company’s stock valued at $876,000 after buying an additional 103 shares during the period. Finally, Sumitomo Mitsui Asset Management Company LTD boosted its position in Tesoro Corp. by 1.2% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 9,194 shares of the company’s stock valued at $688,000 after buying an additional 110 shares during the period. Institutional investors own 88.41% of the company’s stock.
Tesoro Corp. Company Profile
Tesoro Corporation (Tesoro) is an independent petroleum refining and marketing company. The Company operates through three business segments: Refining operating segment (Refining), which owns and operates refineries, and refines crude oil and other feedstocks into transportation fuels; TLLP, a publicly traded limited partnership, which includes certain crude oil and natural gas gathering assets, natural gas processing and crude oil and refined products terminaling, and transportation and storage assets, and marketing segment (Marketing), which sells transportation fuels.
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