Gulf International Bank UK Ltd raised its position in shares of Tesoro Co. (NYSE:TSO) by 1.2% during the first quarter, Holdings Channel reports. The firm owned 38,414 shares of the oil and gas company’s stock after buying an additional 440 shares during the period. Gulf International Bank UK Ltd’s holdings in Tesoro were worth $3,113,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of TSO. Denali Advisors LLC acquired a new stake in Tesoro during the first quarter worth $7,984,000. CENTRAL TRUST Co increased its stake in Tesoro by 0.9% in the first quarter. CENTRAL TRUST Co now owns 1,483 shares of the oil and gas company’s stock worth $120,000 after buying an additional 13 shares during the period. Chevy Chase Trust Holdings Inc. increased its stake in Tesoro by 3.1% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 101,297 shares of the oil and gas company’s stock worth $8,211,000 after buying an additional 3,002 shares during the period. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Tesoro during the fourth quarter worth $331,000. Finally, Kentucky Retirement Systems acquired a new stake in Tesoro during the fourth quarter worth $742,000. Hedge funds and other institutional investors own 87.89% of the company’s stock.

Institutional Ownership by Quarter for Tesoro (NYSE:TSO)

Tesoro Co. (NYSE:TSO) opened at 76.39 on Friday. Tesoro Co. has a 12-month low of $69.49 and a 12-month high of $93.06. The stock has a 50 day moving average price of $81.53 and a 200-day moving average price of $83.85. The firm has a market capitalization of $8.92 billion, a PE ratio of 12.48 and a beta of 1.69.

Tesoro (NYSE:TSO) last announced its quarterly earnings data on Monday, February 6th. The oil and gas company reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.80. Tesoro had a return on equity of 9.07% and a net margin of 2.99%. The business earned $6.65 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same period last year, the company earned $1.83 earnings per share. Tesoro’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, equities research analysts forecast that Tesoro Co. will post $5.61 EPS for the current year.

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A number of research firms recently weighed in on TSO. Jefferies Group LLC set a $94.00 price target on Tesoro and gave the company a “buy” rating in a research note on Wednesday. Royal Bank of Canada restated a “hold” rating and issued a $99.00 price target on shares of Tesoro in a research note on Thursday, April 13th. Janney Montgomery Scott began coverage on Tesoro in a research note on Monday, April 10th. They issued a “hold” rating and a $141.00 price target on the stock. Scotiabank restated a “buy” rating and issued a $91.00 price target on shares of Tesoro in a research note on Monday, March 27th. Finally, Credit Suisse Group AG downgraded Tesoro from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $110.00 to $93.00 in a research note on Friday, March 24th. Four investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Tesoro presently has a consensus rating of “Buy” and an average target price of $101.71.

About Tesoro

Tesoro Corporation (Tesoro) 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.

5 Day Chart for NYSE:TSO

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