Tesoro Logistics LP (NASDAQ:TLLP) has received an average recommendation of “Buy” from the nine brokerages that are presently covering the firm. Three analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $56.20.

Several research firms recently weighed in on TLLP. Mizuho began coverage on Tesoro Logistics in a research report on Friday, September 30th. They set a “buy” rating and a $58.00 price target on the stock. Zacks Investment Research upgraded Tesoro Logistics from a “sell” rating to a “hold” rating in a research note on Wednesday, October 26th. Deutsche Bank AG set a $54.00 price objective on Tesoro Logistics and gave the company a “buy” rating in a research note on Monday, October 10th. Finally, Jefferies Group initiated coverage on Tesoro Logistics in a research note on Tuesday, August 23rd. They set a “hold” rating and a $49.00 price objective for the company.

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Several hedge funds have recently modified their holdings of TLLP. Bank of New York Mellon Corp raised its stake in Tesoro Logistics by 16.4% in the third quarter. Bank of New York Mellon Corp now owns 14,274 shares of the company’s stock valued at $691,000 after buying an additional 2,013 shares in the last quarter. Diversified Trust Co raised its position in Tesoro Logistics by 3.1% in the third quarter. Diversified Trust Co now owns 29,217 shares of the company’s stock worth $1,415,000 after buying an additional 886 shares during the period. Alps Advisors Inc. raised its position in Tesoro Logistics by 14.2% in the third quarter. Alps Advisors Inc. now owns 4,333,752 shares of the company’s stock worth $209,927,000 after buying an additional 539,809 shares during the period. Pointe Capital Management LLC raised its position in Tesoro Logistics by 0.3% in the third quarter. Pointe Capital Management LLC now owns 9,451 shares of the company’s stock worth $458,000 after buying an additional 25 shares during the period. Finally, First Trust Advisors LP raised its position in Tesoro Logistics by 26.8% in the third quarter. First Trust Advisors LP now owns 143,158 shares of the company’s stock worth $6,935,000 after buying an additional 30,216 shares during the period.

Shares of Tesoro Logistics (NASDAQ:TLLP) traded down 0.23% during midday trading on Monday, reaching $47.17. The company had a trading volume of 218,699 shares. The company has a 50-day moving average price of $46.23 and a 200 day moving average price of $47.47. The company has a market capitalization of $4.82 billion and a P/E ratio of 22.78. Tesoro Logistics has a one year low of $35.18 and a one year high of $51.83.

Tesoro Logistics (NASDAQ:TLLP) last released its quarterly earnings results on Monday, October 31st. The company reported $0.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by $0.17. The company earned $6.54 billion during the quarter, compared to the consensus estimate of $7.74 billion. During the same quarter in the previous year, the company earned $0.60 EPS. Equities analysts anticipate that Tesoro Logistics will post $2.15 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 14th. Investors of record on Friday, November 4th were issued a $0.875 dividend. The ex-dividend date of this dividend was Wednesday, November 2nd. This represents a $3.50 annualized dividend and a dividend yield of 7.40%. This is a positive change from Tesoro Logistics’s previous quarterly dividend of $0.84.

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.

5 Day Chart for NASDAQ:TLLP

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