Tesoro Corporation (NASDAQ:ANDV) Raised to “Outperform” at Evercore ISI

Evercore ISI upgraded shares of Tesoro Corporation (NYSE:ANDV) from an in-line rating to an outperform rating in a report issued on Thursday, November 2nd, MarketBeat Ratings reports.

Other analysts also recently issued research reports about the stock. BidaskClub raised shares of Tesoro Corporation from a hold rating to a buy rating in a research report on Thursday, August 31st. Citigroup Inc. lifted their price target on shares of Tesoro Corporation from $104.00 to $109.00 and gave the company a buy rating in a research report on Monday, July 17th. Cowen and Company reissued a buy rating and issued a $120.00 price target on shares of Tesoro Corporation in a research report on Thursday, September 28th. Scotiabank set a $99.00 price target on shares of Tesoro Corporation and gave the company a buy rating in a research report on Tuesday, July 11th. Finally, Zacks Investment Research raised shares of Tesoro Corporation from a hold rating to a buy rating and set a $119.00 price target for the company in a research report on Tuesday, October 10th. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $117.95.

Shares of Tesoro Corporation (ANDV) opened at $105.34 on Thursday. Tesoro Corporation has a 52-week low of $75.11 and a 52-week high of $112.21. 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 cap of $16,432.76, a price-to-earnings ratio of 20.42, a P/E/G ratio of 0.76 and a beta of 1.56.

COPYRIGHT VIOLATION WARNING: This report was originally reported by BBNS and is the sole property of of BBNS. If you are viewing this report on another publication, it was illegally copied and reposted in violation of United States & international trademark & copyright laws. The legal version of this report can be viewed at https://baseballnewssource.com/markets/andeavor-andv-upgraded-to-outperform-at-evercore-isi/1752029.html.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis 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%.

In other Tesoro Corporation news, Director Michael E. Wiley sold 700 shares of Tesoro Corporation 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 completion of the transaction, the director now owns 41,850 shares of the company’s stock, valued at approximately $4,446,144. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Keith M. Casey sold 9,000 shares of Tesoro Corporation 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. Insiders own 0.86% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. FDO Partners LLC purchased a new position in shares of Tesoro Corporation during the third quarter worth about $304,000. OxFORD Asset Management LLP purchased a new position in shares of Tesoro Corporation during the third quarter worth about $5,103,000. Tredje AP fonden purchased a new position in shares of Tesoro Corporation during the third quarter worth about $2,508,000. Westfield Capital Management Co. LP purchased a new position in shares of Tesoro Corporation during the third quarter worth about $78,150,000. Finally, Strategic Global Advisors LLC purchased a new position in shares of Tesoro Corporation during the third quarter worth about $371,000. 79.68% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Tesoro Corporation (NYSE:ANDV)

Receive News & Ratings for Tesoro Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesoro Corporation and related companies with our FREE daily email newsletter.

 


Latest News

Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
MLB Commissioner: New Rule for Pace-of-Play in 2018
MLB Commissioner: New Rule for Pace-of-Play in 2018
Alex Cobb Could Be Good Fit for Cubs
Alex Cobb Could Be Good Fit for Cubs
Joey Votto Is One of Baseball’s Best Hitters
Joey Votto Is One of Baseball’s Best Hitters
Hunter Pence May Become Part-Time Player
Hunter Pence May Become Part-Time Player
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts


Leave a Reply

 
© 2006-2017 BBNS.