Signaturefd LLC increased its stake in shares of Tesoro Corp. (NYSE:TSO) by 1.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,351 shares of the company’s stock after buying an additional 18 shares during the period. Signaturefd LLC’s holdings in Tesoro Corp. were worth $101,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the stock. Bank of Montreal Can acquired a new stake in Tesoro Corp. during the second quarter valued at $28,489,000. Old Mutual Global Investors UK Ltd. acquired a new stake in Tesoro Corp. during the second quarter valued at $18,180,000. State Street Corp boosted its stake in Tesoro Corp. by 2.6% in the first quarter. State Street Corp now owns 8,673,853 shares of the company’s stock valued at $746,035,000 after buying an additional 219,476 shares during the last quarter. HBK Investments L P boosted its stake in Tesoro Corp. by 977.1% in the first quarter. HBK Investments L P now owns 191,719 shares of the company’s stock valued at $16,490,000 after buying an additional 173,919 shares during the last quarter. Finally, Trust Department MB Financial Bank N A boosted its stake in Tesoro Corp. by 5,461.9% in the second quarter. Trust Department MB Financial Bank N A now owns 95,109 shares of the company’s stock valued at $8,028,000 after buying an additional 93,399 shares during the last quarter. Institutional investors and hedge funds own 88.35% of the company’s stock.
Shares of Tesoro Corp. (NYSE:TSO) traded down 1.46% during mid-day trading on Monday, reaching $80.47. The company’s stock had a trading volume of 1,373,923 shares. Tesoro Corp. has a 12 month low of $67.80 and a 12 month high of $119.67. The company’s 50-day moving average is $79.89 and its 200 day moving average is $78.58. The firm has a market cap of $9.62 billion, a price-to-earnings ratio of 7.53 and a beta of 2.03.
Tesoro Corp. (NYSE:TSO) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $3.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $1.70. Tesoro Corp. had a net margin of 5.12% and a return on equity of 20.15%. The company earned $6.29 billion during the quarter, compared to the consensus estimate of $5.87 billion. During the same period in the previous year, the firm posted $4.59 EPS. The firm’s revenue was down 23.7% compared to the same quarter last year. On average, equities analysts anticipate that Tesoro Corp. will post $5.47 EPS for the current year.
Several research firms have weighed in on TSO. Jefferies Group set a $98.00 target price on Tesoro Corp. and gave the stock a “buy” rating in a research note on Saturday. Mizuho upped their target price on Tesoro Corp. from $67.00 to $94.00 and gave the stock a “buy” rating in a research note on Tuesday, July 5th. Wells Fargo & Co. restated a “hold” rating on shares of Tesoro Corp. in a research note on Saturday, August 6th. Piper Jaffray Cos. upped their target price on Tesoro Corp. from $82.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, September 16th. Finally, Citigroup Inc. upgraded Tesoro Corp. from a “neutral” rating to a “buy” rating and cut their target price for the stock from $92.50 to $92.00 in a research note on Tuesday, July 19th. Five analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $101.44.
In related news, CFO Steven Sterin acquired 1,100 shares of the company’s stock in a transaction dated Friday, August 26th. The stock was bought at an average cost of $73.93 per share, with a total value of $81,323.00. Following the acquisition, the chief financial officer now owns 8,152 shares of the company’s stock, valued at approximately $602,677.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.88% of the company’s stock.
About Tesoro Corp.
Tesoro Corporation (Tesoro) is an independent petroleum refining and marketing company. The Company operates through three business segments: Refining operating segment (Refining), which owns and operates refineries, and refines crude oil and other feedstocks into transportation fuels; TLLP, a publicly traded limited partnership, which includes certain crude oil and natural gas gathering assets, natural gas processing and crude oil and refined products terminaling, and transportation and storage assets, and marketing segment (Marketing), which sells transportation fuels.
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