ValuEngine upgraded shares of Tesoro (NYSE:ANDV) from a hold rating to a buy rating in a research note released on Wednesday morning.
Several other equities research analysts have also recently commented on ANDV. Wells Fargo & Company upped their price target on Tesoro to $141.00 and gave the stock an outperform rating in a research note on Wednesday. BidaskClub cut Tesoro from a buy rating to a hold rating in a research note on Thursday, September 28th. Howard Weil cut Tesoro from a sector outperform rating to a sector perform rating and set a $112.00 price target for the company. in a research note on Thursday, September 28th. Cowen restated a buy rating and set a $120.00 price target on shares of Tesoro in a research note on Thursday, September 28th. Finally, Scotiabank lowered Tesoro from an outperform rating to a sector perform rating and upped their price objective for the stock from $103.00 to $112.00 in a report on Saturday, September 30th. Seven research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The company presently has an average rating of Buy and an average target price of $118.68.
Shares of Tesoro (NYSE:ANDV) opened at $111.04 on Wednesday. Tesoro has a 52 week low of $75.11 and a 52 week high of $112.21. The company has a current ratio of 1.47, a quick ratio of 0.62 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $16,991.22, a P/E ratio of 21.11, a PEG ratio of 0.80 and a beta of 1.55.
The firm also recently disclosed 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. This represents a $2.36 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend is Wednesday, November 29th. Tesoro’s dividend payout ratio is presently 47.87%.
In other Tesoro news, Director Michael E. Wiley sold 700 shares of the company’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $106.24, for a total value of $74,368.00. Following the sale, the director now owns 41,850 shares of the company’s stock, valued at $4,446,144. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul L. Foster sold 45,000 shares of the company’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 completion of the sale, the director now directly owns 1,447,567 shares in the company, valued at approximately $156,814,933.11. The disclosure for this sale can be found here. Insiders sold 54,700 shares of company stock worth $5,881,618 in the last three months. 0.86% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of ANDV. Municipal Employees Retirement System of Michigan grew its holdings in Tesoro by 28.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 8,470 shares of the oil and gas company’s stock valued at $792,000 after purchasing an additional 1,880 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in Tesoro by 4.9% in the second quarter. Janney Montgomery Scott LLC now owns 3,949 shares of the oil and gas company’s stock valued at $370,000 after purchasing an additional 186 shares during the last quarter. CIBC Asset Management Inc grew its holdings in Tesoro by 32.8% in the second quarter. CIBC Asset Management Inc now owns 14,459 shares of the oil and gas company’s stock valued at $1,353,000 after purchasing an additional 3,570 shares during the last quarter. Bessemer Group Inc. grew its holdings in Tesoro by 0.8% in the second quarter. Bessemer Group Inc. now owns 29,860 shares of the oil and gas company’s stock valued at $2,795,000 after purchasing an additional 227 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in Tesoro by 35.5% in the second quarter. Daiwa Securities Group Inc. now owns 4,200 shares of the oil and gas company’s stock valued at $393,000 after purchasing an additional 1,100 shares during the last quarter. 79.23% of the stock is currently owned by institutional investors.
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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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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