Tesoro (NYSE:ANDV) had its price objective upped by Barclays from $121.00 to $147.00 in a research note published on Tuesday, November 14th. They currently have an overweight rating on the oil and gas company’s stock.
Several other research firms also recently issued reports on ANDV. BidaskClub upgraded Tesoro from a hold rating to a buy rating in a report on Tuesday, November 7th. J P Morgan Chase & Co restated an overweight rating and set a $121.00 price objective on shares of Tesoro in a report on Friday, November 3rd. Royal Bank Of Canada reiterated a sector perform rating and issued a $107.00 price target (down from $109.00) on shares of Tesoro in a report on Thursday, November 9th. Zacks Investment Research upgraded Tesoro from a hold rating to a buy rating and set a $119.00 price target for the company in a report on Tuesday, October 10th. Finally, Evercore ISI upgraded Tesoro from an in-line rating to an outperform rating in a report on Thursday, November 2nd. Eight equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $117.95.
Shares of Tesoro (NYSE ANDV) traded down $1.04 during trading hours on Tuesday, hitting $104.43. The company had a trading volume of 1,538,799 shares, compared to its average volume of 1,188,942. The stock has a market cap of $16,290.77, a P/E ratio of 20.24, a P/E/G ratio of 0.75 and a beta of 1.56. The company has a current ratio of 1.47, a quick ratio of 0.62 and a debt-to-equity ratio of 0.61. Tesoro has a 1-year low of $75.11 and a 1-year high of $112.21.
In other 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 completion of the sale, the director now owns 41,850 shares in the company, valued at $4,446,144. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Keith M. Casey sold 9,000 shares of the company’s stock in a transaction on 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.
Institutional investors have recently made changes to their positions in the company. Rehmann Capital Advisory Group acquired a new stake in shares of Tesoro during the second quarter worth $214,000. PGGM Investments acquired a new position in Tesoro during the third quarter valued at $3,007,000. Mutual of America Capital Management LLC acquired a new position in Tesoro during the third quarter valued at $2,421,000. Sit Investment Associates Inc. acquired a new position in Tesoro during the second quarter valued at $1,483,000. Finally, Nisa Investment Advisors LLC raised its position in Tesoro by 27.2% during the second quarter. Nisa Investment Advisors LLC now owns 74,413 shares of the oil and gas company’s stock valued at $6,224,000 after buying an additional 15,897 shares during the period. 79.21% of the stock is currently owned by institutional investors.
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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