Tesoro Logistics LP (TLLP) Position Lowered by Diversified Trust Co

Diversified Trust Co cut its stake in shares of Tesoro Logistics LP (NASDAQ:TLLP) by 3.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,247 shares of the oil and gas company’s stock after selling 1,071 shares during the period. Diversified Trust Co’s holdings in Tesoro Logistics were worth $1,648,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. CENTRAL TRUST Co increased its stake in shares of Tesoro Logistics by 10.6% in the third quarter. CENTRAL TRUST Co now owns 2,276 shares of the oil and gas company’s stock valued at $110,000 after buying an additional 219 shares during the period. Creative Planning purchased a new stake in shares of Tesoro Logistics during the third quarter valued at about $121,000. Searle & CO. purchased a new stake in shares of Tesoro Logistics during the fourth quarter valued at about $264,000. United Capital Financial Advisers LLC increased its stake in shares of Tesoro Logistics by 7.0% in the fourth quarter. United Capital Financial Advisers LLC now owns 5,350 shares of the oil and gas company’s stock valued at $272,000 after buying an additional 350 shares during the period. Finally, Freestone Capital Holdings LLC purchased a new stake in shares of Tesoro Logistics during the fourth quarter valued at about $279,000.

Institutional Ownership by Quarter for Tesoro Logistics (NASDAQ:TLLP)

Tesoro Logistics LP (NASDAQ:TLLP) opened at 53.71 on Friday. Tesoro Logistics LP has a one year low of $43.00 and a one year high of $60.14. The company has a market capitalization of $5.80 billion and a PE ratio of 30.62. The stock’s 50 day moving average is $53.97 and its 200 day moving average is $52.63.

Tesoro Logistics (NASDAQ:TLLP) last issued its earnings results on Monday, May 8th. The oil and gas company reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.63 by $0.12. The firm had revenue of $420 million for the quarter, compared to analysts’ expectations of $348.74 million. The company’s revenue for the quarter was up 40.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.19 earnings per share. On average, analysts anticipate that Tesoro Logistics LP will post $2.68 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, May 15th. Stockholders of record on Friday, May 5th were paid a dividend of $0.94 per share. This is a positive change from Tesoro Logistics’s previous quarterly dividend of $0.91. This represents a $3.76 dividend on an annualized basis and a dividend yield of 7.00%. The ex-dividend date was Wednesday, May 3rd.

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Several research analysts have weighed in on TLLP shares. Citigroup Inc reissued a “buy” rating on shares of Tesoro Logistics in a report on Monday, January 30th. Scotiabank set a $63.00 price target on shares of Tesoro Logistics and gave the company a “buy” rating in a report on Monday, February 6th. Mizuho cut shares of Tesoro Logistics from a “buy” rating to a “neutral” rating and set a $59.00 price target on the stock. in a report on Wednesday, February 8th. Zacks Investment Research cut shares of Tesoro Logistics from a “buy” rating to a “hold” rating in a report on Saturday, February 11th. Finally, SunTrust Banks, Inc. started coverage on shares of Tesoro Logistics in a report on Monday, March 20th. They issued a “buy” rating and a $62.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $58.29.

About Tesoro Logistics

Tesoro Logistics LP is a full-service logistics company operating in the western and mid-continent regions of the United States. The Company operates through three segments. Its Gathering segment consists of crude oil, natural gas and produced water gathering systems in the Bakken Region and Rockies Region.

12 Month Chart for NASDAQ:TLLP

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