Scotiabank set a $59.00 price objective on Tesoro Logistics (NYSE:ANDX) in a report published on Thursday morning. The brokerage currently has a buy rating on the oil and gas company’s stock.

Several other analysts have also commented on ANDX. Credit Suisse Group increased their price target on shares of Tesoro Logistics from $59.00 to $63.00 and gave the company a neutral rating in a research report on Friday, August 11th. Bank of America cut their price objective on shares of Tesoro Logistics from $58.00 to $55.00 and set a buy rating on the stock in a report on Wednesday, August 16th. Zacks Investment Research upgraded shares of Tesoro Logistics from a strong sell rating to a hold rating in a report on Tuesday, August 22nd. Mitsubishi UFJ Financial Group upgraded shares of Tesoro Logistics from a neutral rating to an overweight rating and set a $60.00 price objective on the stock in a report on Wednesday, August 16th. Finally, Barclays cut their price objective on shares of Tesoro Logistics from $57.00 to $55.00 and set an overweight rating on the stock in a report on Friday, November 10th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $55.38.

Shares of Tesoro Logistics (ANDX) opened at $45.01 on Thursday. The company has a market cap of $9,727.38, a PE ratio of 18.22, a price-to-earnings-growth ratio of 3.23 and a beta of 1.12. Tesoro Logistics has a 1 year low of $42.18 and a 1 year high of $60.14. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.15.

Tesoro Logistics (NYSE:ANDX) last released its quarterly earnings results on Wednesday, November 8th. The oil and gas company reported $0.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.22. The business had revenue of $444.00 million during the quarter, compared to analyst estimates of $414.69 million. Tesoro Logistics had a net margin of 23.50% and a return on equity of 22.48%. The company’s quarterly revenue was up 44.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.46 earnings per share. equities research analysts predict that Tesoro Logistics will post 2.79 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Friday, November 3rd were issued a dividend of $0.9852 per share. The ex-dividend date was Thursday, November 2nd. This represents a $3.94 annualized dividend and a dividend yield of 8.76%. Tesoro Logistics’s dividend payout ratio (DPR) is currently 167.66%.

In other Tesoro Logistics news, Director Jeff A. Stevens purchased 1,144 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were bought at an average price of $46.75 per share, for a total transaction of $53,482.00. Following the acquisition, the director now owns 2,229 shares in the company, valued at $104,205.75. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Steven Sterin purchased 1,400 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was acquired at an average price of $45.53 per share, for a total transaction of $63,742.00. Following the acquisition, the insider now owns 9,714 shares in the company, valued at approximately $442,278.42. The disclosure for this purchase can be found here. Corporate insiders own 0.15% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. IndexIQ Advisors LLC purchased a new stake in Tesoro Logistics in the 3rd quarter worth approximately $103,000. Ffcm LLC purchased a new stake in Tesoro Logistics in the 3rd quarter worth approximately $110,000. Penserra Capital Management LLC purchased a new stake in Tesoro Logistics in the 3rd quarter worth approximately $131,000. Barnett & Company Inc. purchased a new stake in Tesoro Logistics in the 3rd quarter worth approximately $136,000. Finally, First Manhattan Co. purchased a new stake in Tesoro Logistics in the 3rd quarter worth approximately $150,000. Institutional investors and hedge funds own 34.86% of the company’s stock.

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About Tesoro Logistics

Andeavor Logistics LP, formerly Tesoro Logistics LP, is a full-service logistics company operating in the western and mid-continent regions of the United States. The Company operates through three segments. Its Gathering segment consists of crude oil, natural gas and produced water gathering systems in the Bakken Region and Rockies Region.

Analyst Recommendations for Tesoro Logistics (NYSE:ANDX)

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