Shares of Tesoro Corporation (NYSE:TSO) have been given an average rating of “Buy” by the twenty-four analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $106.75.

A number of analysts have issued reports on TSO shares. TheStreet upgraded shares of Tesoro Corporation from a “c+” rating to a “b-” rating in a report on Wednesday, June 7th. US Capital Advisors restated a “buy” rating on shares of Tesoro Corporation in a report on Monday, May 22nd. Citigroup Inc. reaffirmed a “buy” rating and set a $104.00 price target (down from $109.00) on shares of Tesoro Corporation in a research note on Saturday, April 22nd. Jefferies Group LLC set a $94.00 price target on shares of Tesoro Corporation and gave the stock a “buy” rating in a research note on Wednesday, April 19th. Finally, Scotiabank reissued a “buy” rating and issued a $91.00 price objective on shares of Tesoro Corporation in a research report on Monday, March 27th.

In other news, CFO Steven Sterin purchased 1,150 shares of the stock in a transaction that occurred on Thursday, June 1st. The shares were purchased at an average cost of $83.75 per share, with a total value of $96,312.50. Following the completion of the acquisition, the chief financial officer now owns 9,942 shares of the company’s stock, valued at approximately $832,642.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David Lilley purchased 500 shares of the stock in a transaction that occurred on Thursday, June 1st. The shares were purchased at an average cost of $83.16 per share, for a total transaction of $41,580.00. Following the completion of the acquisition, the director now directly owns 15,134 shares of the company’s stock, valued at approximately $1,258,543.44. The disclosure for this purchase can be found here. 0.86% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its position in Tesoro Corporation by 2,273.3% in the first quarter. BlackRock Inc. now owns 8,913,506 shares of the oil and gas company’s stock valued at $722,530,000 after buying an additional 8,537,930 shares during the last quarter. Norges Bank bought a new position in Tesoro Corporation during the fourth quarter valued at about $137,830,000. Boston Partners increased its position in Tesoro Corporation by 42.4% in the first quarter. Boston Partners now owns 4,574,824 shares of the oil and gas company’s stock valued at $370,835,000 after buying an additional 1,361,943 shares during the last quarter. Artisan Partners Limited Partnership bought a new position in Tesoro Corporation during the fourth quarter valued at about $115,598,000. Finally, Renaissance Technologies LLC bought a new position in Tesoro Corporation during the fourth quarter valued at about $85,395,000. 91.92% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Tesoro Corporation (TSO) opened at 92.13 on Friday. Tesoro Corporation has a one year low of $69.49 and a one year high of $94.32. The firm has a market cap of $10.79 billion, a P/E ratio of 15.36 and a beta of 1.76. The firm has a 50 day moving average price of $83.85 and a 200-day moving average price of $84.10.

Tesoro Corporation (NYSE:TSO) last announced its quarterly earnings data on Monday, May 8th. The oil and gas company reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.16. The firm had revenue of $6.64 billion for the quarter, compared to the consensus estimate of $6.46 billion. Tesoro Corporation had a net margin of 2.74% and a return on equity of 7.89%. The company’s revenue was up 30.1% on a year-over-year basis. During the same period last year, the firm earned $1.19 EPS. Analysts forecast that Tesoro Corporation will post $5.09 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Friday, May 19th will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 2.39%. The ex-dividend date is Wednesday, May 17th. Tesoro Corporation’s dividend payout ratio (DPR) is currently 36.85%.

About Tesoro Corporation

Tesoro Corporation (Tesoro) is an independent petroleum refining, logistics and marketing company. he Company operates through three segments. The Refining operating segment refines crude oil and other feedstocks into transportation fuels, such as gasoline and gasoline blendstocks, jet fuel and diesel fuel, as well as other products, including heavy fuel oils, liquefied petroleum gas and petroleum coke for sale in bulk markets to a range of customers within its markets.

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