Deprince Race & Zollo Inc. bought a new stake in Tesoro Corporation (NYSE:ANDV) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,416 shares of the oil and gas company’s stock, valued at approximately $765,000.
Other hedge funds have also recently made changes to their positions in the company. Bollard Group LLC raised its holdings in shares of Tesoro by 0.6% in 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 last quarter. Edge Wealth Management LLC purchased a new stake in shares of Tesoro in the third quarter valued at about $128,000. TCI Wealth Advisors Inc. purchased a new stake in shares of Tesoro in the third quarter valued at about $191,000. Chicago Partners Investment Group LLC purchased a new stake in shares of Tesoro in the second quarter valued at about $207,000. Finally, Calamos Advisors LLC purchased a new stake in shares of Tesoro in the third quarter valued at about $211,000. Institutional investors own 79.23% of the company’s stock.
Tesoro Corporation (NYSE:ANDV) traded up $2.54 during midday trading on Monday, reaching $106.97. 2,057,659 shares of the company were exchanged, compared to its average volume of 1,950,082. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.47 and a quick ratio of 0.62. The stock has a market capitalization of $16,690.00, a P/E ratio of 20.24, a PEG ratio of 0.75 and a beta of 1.55. 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. Shareholders of record on Thursday, November 30th will be given a dividend of $0.59 per share. The ex-dividend date is Wednesday, November 29th. This represents a $2.36 dividend on an annualized basis and a yield of 2.21%. Tesoro’s dividend payout ratio is presently 48.36%.
In other Tesoro news, EVP Keith M. Casey sold 9,000 shares of the stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $103.60, for a total transaction of $932,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael E. Wiley sold 700 shares of the 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 owns 41,850 shares of the company’s stock, 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.
Several brokerages have recently commented on ANDV. Evercore ISI upgraded shares of Tesoro to a “buy” rating and set a $128.00 target price for the company in a report on Thursday, November 2nd. Zacks Investment Research downgraded shares of Tesoro from a “buy” rating to a “hold” rating in a report on Thursday, October 19th. ValuEngine downgraded shares of Tesoro from a “buy” rating to a “hold” rating in a report on Wednesday, November 22nd. BidaskClub upgraded shares of Tesoro from a “hold” rating to a “buy” rating in a report on Thursday, August 31st. Finally, Cowen restated a “buy” rating and set a $120.00 price objective on shares of Tesoro in a report on Thursday, September 28th. Eight analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $117.95.
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Tesoro 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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