Tesoro Corporation (ANDV) Price Target Cut to $108.00 by Analysts at Jefferies Group LLC
Tesoro Corporation (NYSE:ANDV) had its price objective decreased by Jefferies Group LLC from $109.00 to $108.00 in a report issued on Monday. Jefferies Group LLC currently has a hold rating on the oil and gas company’s stock. Jefferies Group also issued estimates for Tesoro Corporation’s Q2 2018 earnings at $2.73 EPS and FY2021 earnings at $9.17 EPS.
Other equities analysts have also issued reports about the stock. Zacks Investment Research raised shares of Tesoro Corporation from a hold rating to a buy rating and set a $119.00 target price on the stock in a report on Tuesday, October 10th. Piper Jaffray Companies reissued a buy rating and issued 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 reissued a hold rating and issued a $101.00 target price on shares of Tesoro Corporation in a report on Friday, October 13th. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $117.95.
Tesoro Corporation (ANDV) traded down $0.23 during trading hours on Monday, reaching $105.11. 1,183,500 shares of the company were exchanged, compared to its average volume of 1,976,575. Tesoro Corporation has a 1-year low of $75.11 and a 1-year high of $112.21. The company has a market capitalization of $16,432.76, a price-to-earnings ratio of 20.42, a price-to-earnings-growth ratio of 0.76 and a beta of 1.56. The company has a current ratio of 1.47, a quick ratio of 0.62 and a debt-to-equity ratio of 0.61.
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In other news, EVP Keith M. Casey sold 9,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $103.60, for a total value of $932,400.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael E. Wiley sold 700 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was 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 approximately $4,446,144. The disclosure for this sale can be found here. 0.86% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the company. Sun Life Financial INC bought a new stake in shares of Tesoro Corporation in the 3rd quarter valued at $110,000. Bollard Group LLC bought a new stake in shares of Tesoro Corporation in the 3rd quarter valued at $123,000. Edge Wealth Management LLC bought a new stake in shares of Tesoro Corporation in the 3rd quarter valued at $128,000. Bronfman E.L. Rothschild L.P. bought a new stake in shares of Tesoro Corporation in the 3rd quarter valued at $155,000. Finally, Robecosam AG bought a new stake in shares of Tesoro Corporation in the 3rd quarter valued at $166,000. Institutional investors own 79.68% of the company’s stock.
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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