Tesoro (ANDV) Upgraded to Buy at ValuEngine
Tesoro (NYSE:ANDV) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.
Several other analysts also recently commented on the stock. BidaskClub upgraded shares of Tesoro from a “hold” rating to a “buy” rating in a research report on Thursday, August 31st. Barclays reiterated an “overweight” rating and issued a $121.00 price target (up previously from $118.00) on shares of Tesoro in a research report on Tuesday, October 10th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $107.00 price target (down previously from $109.00) on shares of Tesoro in a research report on Thursday, November 9th. Zacks Investment Research upgraded shares of Tesoro from a “hold” rating to a “strong-buy” rating and set a $118.00 price target for the company in a research report on Tuesday, September 12th. Finally, Evercore ISI upgraded shares of Tesoro to a “buy” rating and set a $128.00 price target for the company in a research report on Thursday, November 2nd. Seven analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $118.68.
Tesoro (NYSE ANDV) traded up $0.16 during mid-day trading on Wednesday, reaching $107.74. 1,578,680 shares of the company traded hands, compared to its average volume of 1,950,674. Tesoro has a 1 year low of $75.11 and a 1 year high of $112.21. The stock has a market cap of $16,687.03, a P/E ratio of 20.73, a price-to-earnings-growth ratio of 0.77 and a beta of 1.55. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.62 and a current ratio of 1.47.
In related news, Director Michael E. Wiley sold 700 shares of the stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $106.24, for a total value of $74,368.00. Following the sale, 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 filing with the SEC, which is available through this hyperlink. Also, EVP Keith M. Casey sold 9,000 shares of the 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. Corporate insiders own 0.86% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of ANDV. Sun Life Financial INC purchased a new position in Tesoro in the 3rd quarter valued at about $110,000. Bollard Group LLC purchased a new position in Tesoro in the 3rd quarter valued at about $123,000. Edge Wealth Management LLC purchased a new position in Tesoro in the 3rd quarter valued at about $128,000. Bronfman E.L. Rothschild L.P. purchased a new position in Tesoro in the 3rd quarter valued at about $155,000. Finally, Robecosam AG purchased a new position in Tesoro in the 3rd quarter valued at about $166,000. 79.23% of the stock is currently owned by hedge funds and other institutional investors.
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Tesoro 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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