Assetmark Inc. Buys Shares of 4,851 Tesoro Corporation (ANDV)
Assetmark Inc. bought a new stake in Tesoro Corporation (NYSE:ANDV) during the third quarter, according to its most recent filing with the SEC. The firm bought 4,851 shares of the oil and gas company’s stock, valued at approximately $501,000.
A number of other large investors have also recently bought and sold shares of ANDV. Bank of Montreal Can boosted its holdings in Tesoro Corporation by 22.0% in the 2nd quarter. Bank of Montreal Can now owns 72,302 shares of the oil and gas company’s stock valued at $6,767,000 after purchasing an additional 13,027 shares during the period. Louisiana State Employees Retirement System boosted its holdings in Tesoro Corporation by 30.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 9,400 shares of the oil and gas company’s stock valued at $880,000 after purchasing an additional 2,200 shares during the period. Aperio Group LLC boosted its holdings in Tesoro Corporation by 19.1% in the 2nd quarter. Aperio Group LLC now owns 60,532 shares of the oil and gas company’s stock valued at $5,666,000 after purchasing an additional 9,708 shares during the period. US Bancorp DE boosted its holdings in Tesoro Corporation by 3.2% in the 2nd quarter. US Bancorp DE now owns 23,171 shares of the oil and gas company’s stock valued at $2,168,000 after purchasing an additional 711 shares during the period. Finally, APG Asset Management N.V. boosted its holdings in Tesoro Corporation by 4.3% in the 2nd quarter. APG Asset Management N.V. now owns 625,959 shares of the oil and gas company’s stock valued at $58,590,000 after purchasing an additional 25,900 shares during the period. Institutional investors and hedge funds own 79.68% of the company’s stock.
ANDV has been the subject of a number of research reports. Evercore ISI raised shares of Tesoro Corporation from an “in-line” rating to an “outperform” rating in a report on Thursday, November 2nd. Zacks Investment Research raised shares of Tesoro Corporation from a “hold” rating to a “strong-buy” rating and set a $118.00 price target for the company in a report on Tuesday, September 12th. Howard Weil downgraded shares of Tesoro Corporation from a “sector outperform” rating to a “sector perform” rating and set a $112.00 price target for the company. in a report on Thursday, September 28th. J P Morgan Chase & Co reissued an “overweight” rating and issued a $121.00 price target on shares of Tesoro Corporation in a report on Friday, November 3rd. Finally, Royal Bank Of Canada reduced their price target on shares of Tesoro Corporation from $109.00 to $107.00 and set a “sector perform” rating for the company in a report on Friday, November 10th. Eight equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $117.95.
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Tesoro Corporation (NYSE ANDV) opened at $103.95 on Friday. The company has a market cap of $16,215.92, a PE ratio of 20.15, a PEG ratio of 0.75 and a beta of 1.56. Tesoro Corporation has a 1-year low of $75.11 and a 1-year 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 disclosed 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 payout ratio is 47.87%.
In related news, Director Michael E. Wiley sold 700 shares of Tesoro Corporation stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $106.24, for a total transaction of $74,368.00. Following the completion of the transaction, the director now directly owns 41,850 shares of the company’s stock, valued at approximately $4,446,144. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Keith M. Casey sold 9,000 shares of Tesoro Corporation stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $103.60, for a total transaction 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 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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