Tesoro Corporation (ANDV) Receives Daily Coverage Optimism Rating of 0.17
News stories about Tesoro Corporation (NYSE:ANDV) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Tesoro Corporation earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned headlines about the oil and gas company an impact score of 44.8566384622636 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Texas company’s $225 million pipeline play includes New Mexico (bizjournals.com)
- Corporate News Blog – Andeavor Reveals Plans to Construct a $225 Million Pipeline in Delaware Basin (finance.yahoo.com)
- Andeavor to Construct a Pipeline in Permian Basin for $225M (finance.yahoo.com)
- ETFs with exposure to Andeavor : August 15, 2017 (finance.yahoo.com)
- Andeavor Unit To Buy Western Refining Logistics In $1.5 Billion Merger – Oil and Gas Investor (registration) (oilandgasinvestor.com)
ANDV has been the topic of a number of recent analyst reports. BidaskClub cut Tesoro Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Citigroup Inc. reiterated a “buy” rating and set a $104.00 target price (down from $109.00) on shares of Tesoro Corporation in a research note on Saturday, April 22nd. Zacks Investment Research cut Tesoro Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, May 10th. Morgan Stanley upgraded Tesoro Corporation from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $100.00 to $110.00 in a research note on Tuesday, May 30th. Finally, Piper Jaffray Companies reiterated an “overweight” rating on shares of Tesoro Corporation in a research note on Thursday, May 25th. Four investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. Tesoro Corporation currently has an average rating of “Buy” and an average target price of $109.00.
Shares of Tesoro Corporation (NYSE ANDV) traded down 0.58% during midday trading on Tuesday, reaching $94.65. The company had a trading volume of 1,088,649 shares. Tesoro Corporation has a 12-month low of $72.95 and a 12-month high of $101.52. The firm has a market capitalization of $15.14 billion, a price-to-earnings ratio of 15.83 and a beta of 1.71. The company has a 50 day moving average of $96.42 and a 200 day moving average of $87.16.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be issued a $0.59 dividend. This is an increase from Tesoro Corporation’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $2.36 dividend on an annualized basis and a yield of 2.49%. Tesoro Corporation’s dividend payout ratio is currently 78.29%.
In related news, Director David Lilley acquired 500 shares of the firm’s stock in a transaction dated Thursday, June 1st. The shares were purchased at an average price of $83.16 per share, with a total value of $41,580.00. Following the completion of the purchase, the director now directly owns 15,134 shares of the company’s stock, valued at $1,258,543.44. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Steven Sterin acquired 1,150 shares of the firm’s stock in a transaction dated Thursday, June 1st. The stock was bought at an average cost of $83.75 per share, for a total transaction of $96,312.50. Following the purchase, the chief financial officer now directly owns 9,942 shares of the company’s stock, valued at $832,642.50. The disclosure for this purchase can be found here. 0.86% of the stock is currently owned by corporate insiders.
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Tesoro Corporation Company Profile
Andeavor Corporation, 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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