Tesoro Corporation (ANDV) Receives Buy Rating from Piper Jaffray Companies
Piper Jaffray Companies reiterated their buy rating on shares of Tesoro Corporation (NYSE:ANDV) in a research note issued to investors on Friday. They currently have a $121.00 price target on the oil and gas company’s stock.
Other equities analysts also recently issued reports about the company. Evercore ISI upgraded Tesoro Corporation to a buy rating and set a $128.00 target price for the company in a research note on Thursday, November 2nd. Zacks Investment Research downgraded Tesoro Corporation from a buy rating to a hold rating in a research note on Thursday, October 19th. BidaskClub upgraded Tesoro Corporation from a hold rating to a buy rating in a research note on Thursday, August 31st. Cowen and Company restated a buy rating and issued a $120.00 target price on shares of Tesoro Corporation in a research note on Thursday, September 28th. Finally, Barclays PLC restated an overweight rating and issued a $121.00 target price (up from $118.00) on shares of Tesoro Corporation in a research note on Tuesday, October 10th. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Tesoro Corporation currently has an average rating of Buy and a consensus price target of $117.21.
Shares of Tesoro Corporation (ANDV) traded up $0.55 during mid-day trading on Friday, reaching $105.34. The company’s stock had a trading volume of 583,830 shares, compared to its average volume of 1,980,131. 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 capitalization of $16,350.00, a P/E ratio of 20.48, a P/E/G ratio of 0.76 and a beta of 1.56.
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The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be issued a dividend of $0.59 per share. The ex-dividend date is Wednesday, November 29th. This represents a $2.36 annualized dividend and a yield of 2.24%. Tesoro Corporation’s payout ratio is 48.36%.
In other Tesoro Corporation news, Director Michael E. Wiley sold 700 shares of the company’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $106.24, for a total value of $74,368.00. Following the transaction, the director now owns 41,850 shares of the company’s stock, valued at $4,446,144. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Keith M. Casey sold 9,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $103.60, for a total value of $932,400.00. The disclosure for this sale can be found here. 0.86% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. FDO Partners LLC bought a new position in shares of Tesoro Corporation in the third quarter valued at $304,000. OxFORD Asset Management LLP bought a new position in shares of Tesoro Corporation in the third quarter valued at $5,103,000. Tredje AP fonden bought a new position in shares of Tesoro Corporation in the third quarter valued at $2,508,000. Westfield Capital Management Co. LP bought a new position in shares of Tesoro Corporation in the third quarter valued at $78,150,000. Finally, Strategic Global Advisors LLC bought a new position in shares of Tesoro Corporation in the third quarter valued at $371,000. 78.37% of the stock is currently owned by institutional investors.
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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