Tesoro Corporation (ANDV) Given Average Recommendation of “Buy” by Analysts
Tesoro Corporation (NYSE:ANDV) has been assigned an average rating of “Buy” from the twenty-two research firms that are currently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $109.47.
A number of brokerages recently commented on ANDV. Jefferies Group LLC set a $94.00 target price on Tesoro Corporation and gave the stock a “buy” rating in a report on Saturday, June 3rd. UBS AG reaffirmed a “buy” rating and issued a $107.00 target price on shares of Tesoro Corporation in a report on Tuesday, June 13th. Credit Suisse Group raised their target price on Tesoro Corporation from $100.00 to $107.00 and gave the stock a “neutral” rating in a report on Tuesday, June 20th. Deutsche Bank AG raised Tesoro Corporation from a “hold” rating to a “buy” rating and set a $106.00 target price on the stock in a report on Monday, June 5th. Finally, US Capital Advisors reaffirmed a “buy” rating on shares of Tesoro Corporation in a report on Monday, May 22nd.
Tesoro Corporation (NYSE ANDV) opened at 102.42 on Friday. The stock has a market capitalization of $16.38 billion, a PE ratio of 17.13 and a beta of 1.62. The stock has a 50 day moving average price of $97.84 and a 200 day moving average price of $89.09. Tesoro Corporation has a 12 month low of $75.11 and a 12 month high of $104.00.
The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 31st were given a $0.59 dividend. The ex-dividend date was Tuesday, August 29th. This represents a $2.36 annualized dividend and a yield of 2.30%. This is a positive change from Tesoro Corporation’s previous quarterly dividend of $0.55. Tesoro Corporation’s dividend payout ratio (DPR) is currently 83.99%.
About Tesoro Corporation
Andeavor, 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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