9,048 Shares in Tesoro Corporation (ANDV) Purchased by Dynamic Technology Lab Private Ltd
Dynamic Technology Lab Private Ltd purchased a new position in shares of Tesoro Corporation (NYSE:ANDV) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 9,048 shares of the oil and gas company’s stock, valued at approximately $933,000.
Several other institutional investors have also bought and sold shares of the company. Boston Partners raised its holdings in shares of Tesoro Corporation by 67.5% during the 2nd quarter. Boston Partners now owns 7,663,149 shares of the oil and gas company’s stock worth $717,270,000 after buying an additional 3,088,325 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in Tesoro Corporation in the 3rd quarter worth about $403,103,000. Prudential Financial Inc. acquired a new position in Tesoro Corporation in the 3rd quarter worth about $150,513,000. APG Asset Management N.V. acquired a new position in Tesoro Corporation in the 3rd quarter worth about $85,187,000. Finally, Jennison Associates LLC acquired a new position in Tesoro Corporation in the 3rd quarter worth about $81,868,000. 79.68% of the stock is owned by institutional investors.
ANDV has been the subject of several recent research reports. Jefferies Group LLC decreased their price target on Tesoro Corporation from $109.00 to $108.00 and set a “hold” rating for the company in a research note on Monday. BidaskClub cut Tesoro Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, September 28th. Piper Jaffray Companies reissued a “buy” rating and issued a $121.00 price target on shares of Tesoro Corporation in a research note on Friday, November 17th. Howard Weil cut Tesoro Corporation from a “sector outperform” rating to a “sector perform” rating and set a $112.00 price target for the company. in a research note on Thursday, September 28th. Finally, UBS AG increased their price target on Tesoro Corporation from $116.00 to $123.00 and gave the company a “buy” rating in a research note on Wednesday, November 15th. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Tesoro Corporation currently has a consensus rating of “Buy” and a consensus price target of $117.95.
Shares of Tesoro Corporation (ANDV) traded up $0.23 during trading on Wednesday, hitting $105.34. The stock had a trading volume of 901,600 shares, compared to its average volume of 1,971,797. The stock has a market capitalization of $16,430.00, a P/E ratio of 20.37, a PEG ratio of 0.76 and a beta of 1.56. Tesoro Corporation has a 12-month low of $75.11 and a 12-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 also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend is Wednesday, November 29th. Tesoro Corporation’s payout ratio is 48.36%.
In other Tesoro Corporation news, EVP Keith M. Casey sold 9,000 shares of the firm’s 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael E. Wiley sold 700 shares of the firm’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 directly owns 41,850 shares of the company’s stock, valued at $4,446,144. The disclosure for this sale can be found here. Company insiders own 0.86% of the company’s stock.
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Tesoro Corporation 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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