(NASDAQ:TLLP) Shares Bought by Virtu Financial LLC
Virtu Financial LLC increased its stake in (NASDAQ:TLLP) by 170.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,846 shares of the company’s stock after buying an additional 24,499 shares during the period. Virtu Financial LLC’s holdings in were worth $2,008,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in TLLP. Goldman Sachs Group Inc. increased its stake in shares of by 15.6% in the first quarter. Goldman Sachs Group Inc. now owns 4,217,956 shares of the company’s stock valued at $229,752,000 after buying an additional 570,679 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of by 62.3% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 1,156,124 shares of the company’s stock valued at $62,974,000 after buying an additional 443,697 shares during the period. Bank of Montreal Can increased its stake in shares of by 46.6% in the second quarter. Bank of Montreal Can now owns 1,288,807 shares of the company’s stock valued at $66,618,000 after buying an additional 409,661 shares during the period. HITE Hedge Asset Management LLC bought a new stake in shares of during the fourth quarter valued at approximately $17,283,000. Finally, Bank of America Corp DE increased its stake in shares of by 14.8% in the first quarter. Bank of America Corp DE now owns 2,345,692 shares of the company’s stock valued at $127,770,000 after buying an additional 301,921 shares during the period.
Shares of (NASDAQ TLLP) traded up 0.25% during trading on Friday, reaching $52.13. The company’s stock had a trading volume of 339,236 shares. The stock’s 50 day moving average is $50.88 and its 200 day moving average is $53.77. has a one year low of $43.00 and a one year high of $60.14.
(NASDAQ:TLLP) last released its earnings results on Monday, May 8th. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by $0.12. The firm had revenue of $420 million during the quarter, compared to analysts’ expectations of $348.74 million. During the same quarter in the prior year, the company posted $1.19 earnings per share. The company’s revenue was up 40.0% on a year-over-year basis. Equities research analysts anticipate that will post $2.63 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Friday, August 4th will be paid a $0.971 dividend. This is a boost from ‘s previous quarterly dividend of $0.94. This represents a $3.88 dividend on an annualized basis and a dividend yield of Infinity. The ex-dividend date is Wednesday, August 2nd.
COPYRIGHT VIOLATION WARNING: “(NASDAQ:TLLP) Shares Bought by Virtu Financial LLC” was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece on another publication, it was stolen and republished in violation of international copyright and trademark law. The original version of this piece can be viewed at https://www.thecerbatgem.com/2017/08/07/virtu-financial-llc-purchases-24499-shares-of-tesoro-logistics-lp-nasdaqtllp-updated-updated-updated.html.
TLLP has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of from a “hold” rating to a “sell” rating in a research report on Thursday, April 27th. BidaskClub downgraded shares of from a “buy” rating to a “hold” rating in a research report on Thursday, June 15th. Jefferies Group LLC reduced their price objective on shares of from $53.00 to $52.00 and set a “hold” rating for the company in a research report on Wednesday, April 19th. Scotiabank reiterated a “buy” rating and issued a $63.00 target price on shares of in a report on Thursday, April 27th. Finally, Barclays PLC reiterated an “overweight” rating and issued a $65.00 target price on shares of in a report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. currently has a consensus rating of “Buy” and a consensus price target of $59.33.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.