Rhumbline Advisers acquired a new stake in shares of Tesoro Corporation (NYSE:ANDV) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 275,805 shares of the oil and gas company’s stock, valued at approximately $28,449,000.

Other institutional investors also recently modified their holdings of the company. Bollard Group LLC lifted its position in Tesoro Corporation by 0.6% during the second quarter. Bollard Group LLC now owns 1,189 shares of the oil and gas company’s stock valued at $111,000 after purchasing an additional 7 shares during the period. Edge Wealth Management LLC purchased a new stake in Tesoro Corporation during the third quarter valued at approximately $128,000. National Pension Service increased its holdings in Tesoro Corporation by 187.8% during the second quarter. National Pension Service now owns 1,278 shares of the oil and gas company’s stock valued at $119,000 after buying an additional 834 shares during the last quarter. TCI Wealth Advisors Inc. purchased a new stake in Tesoro Corporation during the third quarter valued at approximately $191,000. Finally, Calamos Advisors LLC purchased a new stake in Tesoro Corporation during the third quarter valued at approximately $211,000. Institutional investors own 78.37% of the company’s stock.

A number of analysts have commented on ANDV shares. Zacks Investment Research raised shares of Tesoro Corporation from a “hold” rating to a “buy” rating and set a $119.00 target price for the company in a report on Tuesday, October 10th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $121.00 target price on shares of Tesoro Corporation in a report on Friday. BidaskClub raised shares of Tesoro Corporation from a “hold” rating to a “buy” rating in a report on Saturday, October 7th. Evercore ISI raised shares of Tesoro Corporation from an “in-line” rating to an “outperform” rating in a report on Thursday, November 2nd. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $101.00 target price on shares of Tesoro Corporation in a report on Friday, October 13th. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $117.21.

In related news, Director Michael E. Wiley sold 700 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $106.24, for a total transaction of $74,368.00. Following the completion of the transaction, the director now owns 41,850 shares in the company, valued at $4,446,144. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Keith M. Casey sold 9,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $103.60, for a total transaction of $932,400.00. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by corporate insiders.

Tesoro Corporation (ANDV) opened at $105.34 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.62 and a current ratio of 1.47. Tesoro Corporation has a 12-month low of $75.11 and a 12-month high of $112.21. The firm has a market cap of $16,350.00, a price-to-earnings ratio of 20.48, a P/E/G ratio of 0.76 and a beta of 1.56.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.24%. Tesoro Corporation’s dividend payout ratio is 48.36%.

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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.

Institutional Ownership by Quarter for Tesoro Corporation (NYSE:ANDV)

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