Chevy Chase Trust Holdings Inc. Has $7,942,000 Stake in Tesoro Corp. (TSO)
Chevy Chase Trust Holdings Inc. decreased its stake in shares of Tesoro Corp. (NYSE:TSO) by 3.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 99,819 shares of the company’s stock after selling 3,508 shares during the period. Chevy Chase Trust Holdings Inc.’s holdings in Tesoro Corp. were worth $7,942,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of TSO. Vanguard Group Inc. increased its stake in shares of Tesoro Corp. by 2.2% in the second quarter. Vanguard Group Inc. now owns 12,131,063 shares of the company’s stock valued at $908,859,000 after buying an additional 258,528 shares in the last quarter. State Street Corp increased its stake in shares of Tesoro Corp. by 2.8% in the second quarter. State Street Corp now owns 8,917,312 shares of the company’s stock valued at $668,073,000 after buying an additional 243,459 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Tesoro Corp. by 10.7% in the second quarter. AQR Capital Management LLC now owns 3,507,036 shares of the company’s stock valued at $262,747,000 after buying an additional 339,232 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Tesoro Corp. by 11.9% in the second quarter. Bank of New York Mellon Corp now owns 2,184,592 shares of the company’s stock valued at $163,670,000 after buying an additional 233,049 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Tesoro Corp. by 0.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,090,416 shares of the company’s stock valued at $156,623,000 after buying an additional 10,433 shares in the last quarter. Institutional investors and hedge funds own 85.56% of the company’s stock.
Shares of Tesoro Corp. (NYSE:TSO) traded down 1.87% on Tuesday, hitting $82.78. The company’s stock had a trading volume of 1,389,379 shares. The stock has a 50-day moving average price of $82.97 and a 200 day moving average price of $78.70. The firm has a market cap of $9.78 billion, a price-to-earnings ratio of 14.05 and a beta of 1.77. Tesoro Corp. has a one year low of $67.80 and a one year high of $118.26.
Tesoro Corp. (NYSE:TSO) last released its quarterly earnings results on Monday, October 31st. The company reported $1.43 earnings per share for the quarter, hitting the consensus estimate of $1.43. Tesoro Corp. had a net margin of 2.93% and a return on equity of 11.99%. The firm earned $6.54 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same quarter in the prior year, the firm earned $6.13 EPS. The company’s revenue for the quarter was down 15.5% on a year-over-year basis. Equities research analysts predict that Tesoro Corp. will post $5.01 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Wednesday, November 30th will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Monday, November 28th. This represents a $2.20 annualized dividend and a dividend yield of 2.61%. Tesoro Corp.’s dividend payout ratio (DPR) is presently 37.23%.
A number of equities analysts have recently issued reports on the company. Bank of America Corp. restated a “buy” rating and issued a $109.00 price target (up from $95.00) on shares of Tesoro Corp. in a research note on Monday, September 26th. Simmons restated an “overweight” rating and issued a $82.00 price target (up from $78.00) on shares of Tesoro Corp. in a research note on Monday, August 8th. Zacks Investment Research upgraded Tesoro Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, September 22nd. Credit Suisse Group AG raised Tesoro Corp. from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $85.00 to $100.00 in a report on Tuesday, October 11th. Finally, RBC Capital Markets set a $87.00 target price on Tesoro Corp. and gave the stock a “hold” rating in a report on Saturday, November 19th. Six analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $99.38.
Tesoro Corp. Company Profile
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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