Systematic Financial Management LP Acquires Shares of 239,628 Tesoro Corporation (ANDV)
Systematic Financial Management LP acquired a new position in Tesoro Corporation (NYSE:ANDV) during the third quarter, according to its most recent filing with the SEC. The firm acquired 239,628 shares of the oil and gas company’s stock, valued at approximately $24,718,000. Systematic Financial Management LP owned about 0.15% of Tesoro Corporation as of its most recent filing with the SEC.
Other hedge funds have also modified their holdings of the company. PGGM Investments bought a new stake in shares of Tesoro Corporation in the 3rd quarter worth approximately $3,007,000. Mutual of America Capital Management LLC purchased a new position in shares of Tesoro Corporation in the 3rd quarter valued at approximately $2,421,000. TCI Wealth Advisors Inc. purchased a new position in shares of Tesoro Corporation in the 3rd quarter valued at approximately $191,000. Crossmark Global Holdings Inc. purchased a new position in shares of Tesoro Corporation in the 3rd quarter valued at approximately $28,288,000. Finally, Sapphire Star Partners LP purchased a new position in shares of Tesoro Corporation in the 3rd quarter valued at approximately $323,000. Hedge funds and other institutional investors own 79.68% of the company’s stock.
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In other news, EVP Keith M. Casey sold 9,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $103.60, for a total value of $932,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael E. Wiley sold 700 shares of the company’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $106.24, for a total value of $74,368.00. Following the completion of the transaction, the director now directly owns 41,850 shares of the company’s stock, valued at approximately $4,446,144. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.
Tesoro Corporation (ANDV) traded down $0.23 during trading hours on Tuesday, reaching $105.11. The company’s stock had a trading volume of 1,183,500 shares, compared to its average volume of 1,976,575. Tesoro Corporation has a twelve month low of $75.11 and a twelve month high of $112.21. The company has a quick ratio of 0.62, a current ratio of 1.47 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $16,432.76, a price-to-earnings ratio of 20.42, a PEG ratio of 0.76 and a beta of 1.56.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.25%. The ex-dividend date is Wednesday, November 29th. Tesoro Corporation’s dividend payout ratio is presently 47.87%.
A number of research firms have recently commented on ANDV. Jefferies Group LLC lowered their target price on Tesoro Corporation from $109.00 to $108.00 and set a “hold” rating for the company in a research note on Monday. Piper Jaffray Companies restated a “buy” rating and issued a $121.00 target price on shares of Tesoro Corporation in a research note on Friday. UBS AG raised their target price on Tesoro Corporation from $116.00 to $123.00 and gave the company a “buy” rating in a research note on Wednesday, November 15th. Barclays PLC raised their target price on Tesoro Corporation from $121.00 to $147.00 and gave the company an “overweight” rating in a research note on Tuesday, November 14th. Finally, Royal Bank Of Canada lowered their price objective on Tesoro Corporation from $109.00 to $107.00 and set a “sector perform” rating for the company in a research note on Friday, November 10th. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Tesoro Corporation presently has a consensus rating of “Buy” and a consensus price target of $117.95.
Tesoro Corporation Company Profile
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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