Deprince Race & Zollo Inc. bought a new position in Tesoro Corporation (NYSE:ANDV) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 7,416 shares of the oil and gas company’s stock, valued at approximately $765,000.
Several other institutional investors also recently made changes to their positions in the company. Bollard Group LLC boosted its holdings in Tesoro Corporation by 0.6% during the 2nd quarter. Bollard Group LLC now owns 1,189 shares of the oil and gas company’s stock valued at $111,000 after acquiring an additional 7 shares during the period. Edge Wealth Management LLC purchased a new position in Tesoro Corporation during the 3rd quarter valued at $128,000. TCI Wealth Advisors Inc. purchased a new position in Tesoro Corporation during the 3rd quarter valued at $191,000. Chicago Partners Investment Group LLC purchased a new position in Tesoro Corporation during the 2nd quarter valued at $207,000. Finally, Calamos Advisors LLC purchased a new position in Tesoro Corporation during the 3rd quarter valued at $211,000. Hedge funds and other institutional investors own 78.37% of the company’s stock.
Tesoro Corporation (ANDV) opened at $105.34 on Friday. The company has a market capitalization of $16,432.72, a price-to-earnings ratio of 20.41, a PEG ratio of 0.76 and a beta of 1.56. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.47 and a quick ratio of 0.62. Tesoro Corporation has a 1 year low of $75.11 and a 1 year high of $112.21.
The firm 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. This represents a $2.36 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend is Wednesday, November 29th. Tesoro Corporation’s dividend payout ratio is currently 47.87%.
A number of equities analysts recently issued reports on ANDV shares. Evercore ISI upgraded Tesoro Corporation from an “in-line” rating to an “outperform” rating in a report on Thursday, November 2nd. Zacks Investment Research upgraded Tesoro Corporation from a “hold” rating to a “strong-buy” rating and set a $118.00 price objective for the company in a report on Tuesday, September 12th. BidaskClub cut Tesoro Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Howard Weil cut Tesoro Corporation from a “sector outperform” rating to a “sector perform” rating and set a $112.00 target price for the company. in a report on Thursday, September 28th. Finally, J P Morgan Chase & Co reiterated an “overweight” rating and issued a $121.00 target price on shares of Tesoro Corporation in a report on Friday, November 3rd. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $117.21.
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In related news, 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 transaction of $74,368.00. Following the transaction, the director now directly owns 41,850 shares of the company’s stock, valued at approximately $4,446,144. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Keith M. Casey sold 9,000 shares of the company’s stock in a transaction dated 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. Corporate insiders own 0.86% 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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