11,423 Shares in Tesoro Corporation (ANDV) Acquired by Cipher Capital LP
Cipher Capital LP bought a new stake in Tesoro Corporation (NYSE:ANDV) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,423 shares of the oil and gas company’s stock, valued at approximately $1,179,000.
Several other large investors have also recently added to or reduced their stakes in the stock. Boston Partners grew its stake in shares of Tesoro Corporation by 67.5% in the second quarter. Boston Partners now owns 7,663,149 shares of the oil and gas company’s stock valued at $717,270,000 after buying an additional 3,088,325 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of Tesoro Corporation in the third quarter valued at $403,103,000. Prudential Financial Inc. bought a new position in shares of Tesoro Corporation in the third quarter valued at $150,513,000. APG Asset Management N.V. bought a new position in shares of Tesoro Corporation in the third quarter valued at $85,187,000. Finally, Jennison Associates LLC bought a new position in shares of Tesoro Corporation in the third quarter valued at $81,868,000. 79.68% of the stock is owned by institutional investors and hedge funds.
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Shares of Tesoro Corporation (ANDV) opened at $103.95 on Friday. Tesoro Corporation has a twelve month low of $75.11 and a twelve month 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 firm has a market capitalization of $16,215.92, a price-to-earnings ratio of 20.15, a PEG ratio of 0.75 and a beta of 1.56.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders 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 dividend yield of 2.27%. The ex-dividend date is Wednesday, November 29th. Tesoro Corporation’s dividend payout ratio is currently 47.87%.
ANDV has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Tesoro Corporation from a “hold” rating to a “buy” rating and set a $119.00 price objective for the company in a research report on Tuesday, October 10th. Cowen Inc reaffirmed a “buy” rating and set a $120.00 price objective on shares of Tesoro Corporation in a research report on Thursday, September 28th. BidaskClub raised shares of Tesoro Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, October 7th. Evercore ISI raised shares of Tesoro Corporation to a “buy” rating and set a $128.00 price objective for the company in a research report on Thursday, November 2nd. Finally, J P Morgan Chase & Co reaffirmed a “buy” rating and set a $121.00 price objective on shares of Tesoro Corporation in a research report on Friday, November 3rd. Eight analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Tesoro Corporation has an average rating of “Buy” and an average target price of $117.95.
In other news, Director Michael E. Wiley sold 700 shares of Tesoro Corporation stock in a transaction on 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 sale, the director now owns 41,850 shares of the company’s stock, valued at $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 on Wednesday, November 15th. The stock was 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. 0.86% of the stock is currently owned by company insiders.
Tesoro Corporation 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.
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