Tesoro Corp. (TSO) Shares Bought by LSV Asset Management
LSV Asset Management increased its position in Tesoro Corp. (NYSE:TSO) by 5.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,585,539 shares of the company’s stock after buying an additional 78,540 shares during the period. LSV Asset Management owned about 1.34% of Tesoro Corp. worth $126,145,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Signaturefd LLC increased its position in shares of Tesoro Corp. by 1.4% in the second quarter. Signaturefd LLC now owns 1,351 shares of the company’s stock worth $101,000 after buying an additional 18 shares in the last quarter. Amica Retiree Medical Trust increased its position in shares of Tesoro Corp. by 106.3% in the third quarter. Amica Retiree Medical Trust now owns 1,463 shares of the company’s stock worth $116,000 after buying an additional 754 shares in the last quarter. Advisor Group Inc. bought a new position in shares of Tesoro Corp. during the second quarter worth $118,000. Daiwa SB Investments Ltd. increased its position in shares of Tesoro Corp. by 8.0% in the second quarter. Daiwa SB Investments Ltd. now owns 1,620 shares of the company’s stock worth $122,000 after buying an additional 120 shares in the last quarter. Finally, Evercore Wealth Management LLC increased its position in shares of Tesoro Corp. by 96.8% in the second quarter. Evercore Wealth Management LLC now owns 1,671 shares of the company’s stock worth $125,000 after buying an additional 822 shares in the last quarter. 85.56% of the stock is owned by institutional investors.
Tesoro Corp. (NYSE:TSO) opened at 84.36 on Tuesday. The company’s 50-day moving average is $82.97 and its 200 day moving average is $78.70. Tesoro Corp. has a one year low of $67.80 and a one year high of $118.26. The firm has a market cap of $9.97 billion, a PE ratio of 14.32 and a beta of 1.77.
Tesoro Corp. (NYSE:TSO) last issued its quarterly earnings data on Monday, October 31st. The company reported $1.43 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.43. The business earned $6.54 billion during the quarter, compared to analyst estimates of $6.82 billion. Tesoro Corp. had a net margin of 2.93% and a return on equity of 11.99%. The firm’s quarterly revenue was down 15.5% on a year-over-year basis. During the same quarter last year, the business earned $6.13 EPS. Equities analysts anticipate that Tesoro Corp. will post $5.01 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Wednesday, November 30th will be issued a $0.55 dividend. The ex-dividend date is Monday, November 28th. This represents a $2.20 dividend on an annualized basis and a yield of 2.61%. Tesoro Corp.’s dividend payout ratio (DPR) is presently 37.23%.
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A number of equities analysts have weighed in on the stock. Jefferies Group set a $98.00 target price on shares of Tesoro Corp. and gave the stock a “buy” rating in a research note on Saturday, October 15th. Wells Fargo & Co. reaffirmed a “hold” rating on shares of Tesoro Corp. in a research note on Saturday, August 6th. RBC Capital Markets set a $87.00 price target on shares of Tesoro Corp. and gave the stock a “hold” rating in a research note on Saturday, November 19th. Zacks Investment Research downgraded shares of Tesoro Corp. from a “hold” rating to a “sell” rating in a research note on Friday, August 26th. Finally, Citigroup Inc. boosted their price target on shares of Tesoro Corp. from $92.00 to $102.00 and gave the stock a “buy” rating in a research note on Wednesday, October 19th. Six investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $99.38.
About Tesoro Corp.
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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