Chevy Chase Trust Holdings Inc. lowered its stake in Tesoro Corp. (NYSE:TSO) by 3.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,819 shares of the company’s stock after selling 3,508 shares during the period. Chevy Chase Trust Holdings Inc. owned approximately 0.08% of Tesoro Corp. worth $7,942,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in the company. Boston Advisors LLC raised its stake in Tesoro Corp. by 2.2% in the second quarter. Boston Advisors LLC now owns 272,616 shares of the company’s stock valued at $20,424,000 after buying an additional 5,971 shares during the period. First Republic Investment Management Inc. increased its position in Tesoro Corp. by 136.7% in the first quarter. First Republic Investment Management Inc. now owns 7,779 shares of the company’s stock valued at $669,000 after buying an additional 4,493 shares in the last quarter. Signaturefd LLC increased 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 in the last quarter. Pitcairn Co. increased its position in Tesoro Corp. by 46.2% in the second quarter. Pitcairn Co. now owns 15,936 shares of the company’s stock valued at $1,194,000 after buying an additional 5,037 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. increased its position in Tesoro Corp. by 688.7% in the second quarter. Candriam Luxembourg S.C.A. now owns 74,307 shares of the company’s stock valued at $5,567,000 after buying an additional 64,886 shares in the last quarter. 85.56% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Tesoro Corp. (NYSE:TSO)

Shares of Tesoro Corp. (NYSE:TSO) traded down 1.87% during midday trading on Tuesday, reaching $82.78. The company’s stock had a trading volume of 1,389,379 shares. Tesoro Corp. has a 52-week low of $67.80 and a 52-week high of $118.26. The stock has a 50-day moving average price of $82.97 and a 200-day moving average price of $78.70. The stock has a market cap of $9.78 billion, a price-to-earnings ratio of 14.05 and a beta of 1.77.

Tesoro Corp. (NYSE:TSO) last issued its earnings results on Monday, October 31st. The company reported $1.43 earnings per share for the quarter, meeting the consensus estimate of $1.43. The company earned $6.54 billion during the quarter, compared to analysts’ expectations of $6.82 billion. Tesoro Corp. had a return on equity of 11.99% and a net margin of 2.93%. Tesoro Corp.’s quarterly revenue was down 15.5% compared to the same quarter last year. During the same period in the prior year, the business posted $6.13 EPS. Equities research analysts anticipate that Tesoro Corp. will post $5.01 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend is Monday, November 28th. Tesoro Corp.’s payout ratio is 37.23%.

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Several equities analysts have commented on the company. RBC Capital Markets set a $87.00 target price on Tesoro Corp. and gave the company a “hold” rating in a research report on Saturday, November 19th. Credit Suisse Group AG reiterated a “buy” rating and issued a $100.00 target price on shares of Tesoro Corp. in a research report on Tuesday, November 8th. Citigroup Inc. increased their target price on Tesoro Corp. from $92.00 to $102.00 and gave the company a “buy” rating in a research report on Wednesday, October 19th. Jefferies Group set a $98.00 target price on Tesoro Corp. and gave the company a “buy” rating in a research report on Saturday, October 15th. Finally, Barclays PLC reiterated an “overweight” rating and issued a $105.00 target price (up from $100.00) on shares of Tesoro Corp. in a research report on Monday, October 10th. Six equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $99.38.

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.

5 Day Chart for NYSE:TSO

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