Wade G W & Inc. bought a new position in Tesoro Logistics LP (NYSE:ANDX) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 6,838 shares of the oil and gas company’s stock, valued at approximately $342,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ffcm LLC acquired a new position in shares of Tesoro Logistics during the 3rd quarter worth about $110,000. Harvest Fund Advisors LLC acquired a new position in shares of Tesoro Logistics during the 3rd quarter worth about $288,697,000. Van ECK Associates Corp acquired a new position in shares of Tesoro Logistics during the 3rd quarter worth about $1,140,000. Johnson Financial Group LLC acquired a new position in shares of Tesoro Logistics during the 3rd quarter worth about $209,000. Finally, Cowen Prime Services LLC acquired a new position in shares of Tesoro Logistics during the 3rd quarter worth about $250,000. 56.36% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently commented on the stock. Scotiabank restated a “buy” rating and set a $59.00 price objective on shares of Tesoro Logistics in a research note on Thursday, August 17th. Credit Suisse Group raised their target price on shares of Tesoro Logistics from $59.00 to $63.00 and gave the company a “neutral” rating in a research note on Friday, August 11th. Mitsubishi UFJ Financial Group upgraded shares of Tesoro Logistics to a “buy” rating and set a $60.00 target price for the company in a research note on Wednesday, August 16th. Barclays PLC cut their target price on shares of Tesoro Logistics from $57.00 to $55.00 and set an “overweight” rating for the company in a research note on Friday, November 10th. Finally, Bank of America Corporation cut their target price on shares of Tesoro Logistics from $58.00 to $55.00 and set a “buy” rating for the company in a research note on Wednesday, August 16th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. Tesoro Logistics currently has a consensus rating of “Hold” and a consensus price target of $55.38.

Shares of Tesoro Logistics LP (ANDX) opened at $43.95 on Monday. Tesoro Logistics LP has a one year low of $43.21 and a one year high of $60.14. The stock has a market cap of $9,498.30, a PE ratio of 17.79, a P/E/G ratio of 3.17 and a beta of 1.12. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.15.

Tesoro Logistics (NYSE:ANDX) last issued its earnings results on Wednesday, November 8th. The oil and gas company reported $0.90 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.22. Tesoro Logistics had a net margin of 23.50% and a return on equity of 22.48%. The business had revenue of $444.00 million during the quarter, compared to the consensus estimate of $414.69 million. During the same period last year, the business posted $0.46 EPS. Tesoro Logistics’s revenue was up 44.2% on a year-over-year basis. equities analysts predict that Tesoro Logistics LP will post 2.77 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Friday, November 3rd were issued a $0.9852 dividend. The ex-dividend date was Thursday, November 2nd. This represents a $3.94 annualized dividend and a yield of 8.97%. Tesoro Logistics’s dividend payout ratio is currently 167.66%.

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Tesoro Logistics Profile

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.

Institutional Ownership by Quarter for Tesoro Logistics (NYSE:ANDX)

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