Diversified Trust Co Lowers Stake in Tesoro Logistics LP (TLLP)

Diversified Trust Co decreased its stake in Tesoro Logistics LP (NASDAQ:TLLP) by 3.4% during the first quarter, according to its most recent filing with the SEC. 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 reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. CENTRAL TRUST Co boosted its stake in 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 Tesoro Logistics during the third quarter valued at $121,000. Searle & CO. purchased a new stake in Tesoro Logistics during the fourth quarter valued at $264,000. United Capital Financial Advisers LLC boosted its stake in 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 Tesoro Logistics during the fourth quarter valued at $279,000.

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

Shares of Tesoro Logistics LP (NASDAQ:TLLP) traded up 0.15% during trading on Friday, reaching $54.37. The company’s stock had a trading volume of 208,400 shares. The stock’s 50 day moving average price is $54.17 and its 200-day moving average price is $51.64. The stock has a market cap of $5.60 billion and a price-to-earnings ratio of 29.07. Tesoro Logistics LP has a 52-week low of $42.92 and a 52-week high of $60.14.

Tesoro Logistics (NASDAQ:TLLP) last announced its quarterly earnings data on Monday, February 6th. The oil and gas company reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.56 by $0.25. The business earned $319 million during the quarter, compared to analyst estimates of $319.77 million. The company’s revenue was up 9.2% compared to the same quarter last year. During the same period last year, the firm earned $0.58 EPS. Equities analysts anticipate that Tesoro Logistics LP will post $2.95 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 15th. Shareholders of record on Friday, May 5th will be paid a dividend of $0.94 per share. This is a boost from Tesoro Logistics’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Wednesday, May 3rd. This represents a $3.76 dividend on an annualized basis and a yield of 6.92%.

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A number of equities analysts recently commented on TLLP shares. Zacks Investment Research raised Tesoro Logistics from a “sell” rating to a “hold” rating in a research note on Thursday. Jefferies Group LLC cut their price objective on Tesoro Logistics from $53.00 to $52.00 and set a “hold” rating on the stock in a research note on Wednesday. Scotiabank reaffirmed a “buy” rating and issued a $63.00 price objective on shares of Tesoro Logistics in a research note on Thursday, March 23rd. Mizuho lowered Tesoro Logistics from a “buy” rating to a “neutral” rating and set a $59.00 price objective on the stock. in a research note on Wednesday, February 8th. Finally, Morgan Stanley raised Tesoro Logistics from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $55.00 to $59.00 in a research note on Friday, January 6th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Tesoro Logistics currently has an average rating of “Buy” and a consensus price target of $58.25.

Tesoro Logistics Company Profile

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.

5 Day Chart for NASDAQ:TLLP

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