Morgan Stanley assumed coverage on shares of Tesoro Co. (NASDAQ:ANDV) in a report issued on Wednesday, Marketbeat Ratings reports. The brokerage set an “overweight” rating on the stock.

Shares of Tesoro (ANDV) traded up 0.17% during midday trading on Wednesday, reaching $97.89. The company had a trading volume of 123,930 shares. The stock’s 50 day moving average is $95.28 and its 200-day moving average is $86.12. Tesoro has a 12-month low of $72.95 and a 12-month high of $101.52. The stock has a market capitalization of $15.66 billion and a PE ratio of 16.37.

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About Tesoro

Andeavor Corporation, formerly Tesoro Corporation, 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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