Tesoro Co. (NYSE:TSO) had its price target upped by stock analysts at Credit Suisse Group from $100.00 to $107.00 in a research report issued on Tuesday. The firm presently has a “neutral” rating on the oil and gas company’s stock. Credit Suisse Group’s price target suggests a potential upside of 15.34% from the stock’s previous close.
Several other analysts also recently weighed in on TSO. Scotiabank reaffirmed a “buy” rating and issued a $91.00 target price on shares of Tesoro in a report on Monday, March 27th. Janney Montgomery Scott started coverage on shares of Tesoro in a report on Monday, April 10th. They issued a “hold” rating and a $141.00 target price on the stock. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $99.00 target price on shares of Tesoro in a report on Thursday, April 13th. Jefferies Group LLC set a $94.00 target price on shares of Tesoro and gave the company a “buy” rating in a report on Wednesday, April 19th. Finally, Citigroup Inc. reaffirmed a “buy” rating and issued a $104.00 target price (down previously from $109.00) on shares of Tesoro in a report on Saturday, April 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $106.88.
Shares of Tesoro (TSO) traded down 0.86% on Tuesday, hitting $91.97. 1,427,020 shares of the company’s stock were exchanged. Tesoro has a 12-month low of $69.49 and a 12-month high of $94.32. The company’s 50-day moving average price is $84.92 and its 200 day moving average price is $84.33. The stock has a market cap of $10.77 billion, a price-to-earnings ratio of 15.33 and a beta of 1.76.
Tesoro (NYSE:TSO) last issued its quarterly earnings data on Monday, May 8th. The oil and gas company reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.16. The company had revenue of $6.64 billion for the quarter, compared to the consensus estimate of $6.46 billion. Tesoro had a net margin of 1.31% and a return on equity of 3.66%. Tesoro’s revenue for the quarter was up 30.1% on a year-over-year basis. During the same period last year, the firm posted $1.19 EPS. On average, equities analysts predict that Tesoro will post $5.07 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Friday, May 19th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date was Wednesday, May 17th. Tesoro’s payout ratio is currently 36.85%.
In other Tesoro news, Director David Lilley bought 500 shares of the business’s stock in a transaction on Thursday, June 1st. The stock was bought at an average price of $83.16 per share, for a total transaction of $41,580.00. Following the completion of the transaction, the director now owns 15,134 shares in the company, valued at approximately $1,258,543.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Steven Sterin bought 1,150 shares of the business’s stock in a transaction on Thursday, June 1st. The shares were acquired at an average price of $83.75 per share, with a total value of $96,312.50. Following the transaction, the chief financial officer now owns 9,942 shares of the company’s stock, valued at approximately $832,642.50. The disclosure for this purchase can be found here. Insiders own 0.86% of the company’s stock.
A number of institutional investors have recently made changes to their positions in TSO. Schwab Charles Investment Management Inc. raised its position in Tesoro by 1.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 437,892 shares of the oil and gas company’s stock worth $35,496,000 after buying an additional 4,203 shares in the last quarter. GLG LLC raised its position in Tesoro by 6.8% in the fourth quarter. GLG LLC now owns 7,174 shares of the oil and gas company’s stock worth $627,000 after buying an additional 456 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in Tesoro during the first quarter worth $1,300,000. Denali Advisors LLC purchased a new position in Tesoro during the first quarter worth $7,984,000. Finally, Thrivent Financial for Lutherans raised its position in Tesoro by 2,609.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 104,840 shares of the oil and gas company’s stock worth $9,168,000 after buying an additional 100,970 shares in the last quarter. Institutional investors own 91.83% of the company’s stock.
Tesoro Corporation (Tesoro) 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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