Tesoro Corporation (NYSE:ANDV) – Jefferies Group raised their Q4 2017 earnings estimates for Tesoro in a research note issued on Monday, Zacks Investment Research reports. Jefferies Group analyst C. Goldman now anticipates that the oil and gas company will post earnings per share of $2.44 for the quarter, up from their prior forecast of $1.01. Jefferies Group has a “Hold” rating and a $108.00 price target on the stock. Jefferies Group also issued estimates for Tesoro’s Q1 2018 earnings at $1.32 EPS, Q3 2018 earnings at $3.59 EPS, Q4 2018 earnings at $1.80 EPS, FY2018 earnings at $9.43 EPS, FY2019 earnings at $8.18 EPS and FY2020 earnings at $9.20 EPS.
Several other research firms have also recently commented on ANDV. Zacks Investment Research raised shares of Tesoro from a “hold” rating to a “buy” rating and set a $119.00 target price for the company in a research note on Tuesday, October 10th. Piper Jaffray Companies reiterated a “buy” rating and issued a $121.00 price target on shares of Tesoro in a report on Friday, November 17th. BidaskClub upgraded shares of Tesoro from a “hold” rating to a “buy” rating in a report on Saturday, October 7th. Evercore ISI upgraded shares of Tesoro from an “in-line” rating to an “outperform” rating in a report on Thursday, November 2nd. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $101.00 price target on shares of Tesoro in a report on Friday, October 13th. Seven investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $118.68.
Tesoro (ANDV) traded up $1.18 during mid-day trading on Wednesday, reaching $108.92. 1,118,637 shares of the company’s stock traded hands, compared to its average volume of 1,947,149. The stock has a market cap of $16,990.00, a PE ratio of 20.85, a P/E/G ratio of 0.77 and a beta of 1.55. 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 has a 12-month low of $75.11 and a 12-month high of $112.21.
A number of hedge funds have recently modified their holdings of the business. FDO Partners LLC acquired a new position in Tesoro in the 3rd quarter worth $304,000. OxFORD Asset Management LLP bought a new stake in shares of Tesoro in the 3rd quarter worth about $5,103,000. Tredje AP fonden bought a new stake in shares of Tesoro in the 3rd quarter worth about $2,508,000. Westfield Capital Management Co. LP bought a new stake in shares of Tesoro in the 3rd quarter worth about $78,150,000. Finally, Strategic Global Advisors LLC bought a new stake in shares of Tesoro in the 3rd quarter worth about $371,000. Hedge funds and other institutional investors own 79.23% of the company’s stock.
In other Tesoro news, Director Paul L. Foster sold 45,000 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $108.33, for a total value of $4,874,850.00. Following the transaction, the director now owns 1,447,567 shares in the company, valued at approximately $156,814,933.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael E. Wiley sold 700 shares of the business’s stock in a transaction 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. Insiders have sold a total of 54,700 shares of company stock worth $5,881,618 in the last 90 days. Company insiders own 0.86% of the company’s stock.
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 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 dividend yield of 2.17%. Tesoro’s payout ratio is 48.36%.
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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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