A number of research firms have changed their ratings and price targets for Tesoro Corporation (NYSE: TSO):

  • 7/17/2017 – Tesoro Corporation had its price target raised by analysts at Citigroup Inc. from $104.00 to $109.00. They now have a “buy” rating on the stock.
  • 7/14/2017 – Tesoro Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Helped by impressive execution of its growth strategy plus improvements in efficiency, Tesoro has maintained its excellent track record of earnings surprise history, outperforming estimates in each of the last 4 quarters. One the largest independent oil refiners in the U.S., a major advantage for TSO is the scale and diversification benefits offered by its portfolio of 7 refineries. We also like TSO's solid long-term competitive position on the supply constrained California market. We view its impending acquisition of fellow downstream operator WNR as positive, given the compelling strategic rationale of the transaction. However, we remain worried by the tepid outlook for refining margins and weaker performance in its marketing unit. As it is, the U.S. refiners are feeling the pinch of higher RFS costs to comply with new cleaner gasoline production rules. These factors form the basis of our cautious stance on TSO.”
  • 7/11/2017 – Tesoro Corporation was given a new $99.00 price target on by analysts at Scotiabank. They now have a “buy” rating on the stock.
  • 7/11/2017 – Tesoro Corporation was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 6/20/2017 – Tesoro Corporation had its price target raised by analysts at Credit Suisse Group from $100.00 to $107.00. They now have a “neutral” rating on the stock.
  • 6/13/2017 – Tesoro Corporation had its “buy” rating reaffirmed by analysts at Goldman Sachs Group, Inc. (The). They now have a $121.00 price target on the stock.
  • 6/13/2017 – Tesoro Corporation had its “buy” rating reaffirmed by analysts at UBS AG. They now have a $107.00 price target on the stock.
  • 6/9/2017 – Tesoro Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/8/2017 – Tesoro Corporation had its “buy” rating reaffirmed by analysts at Scotiabank. They now have a $99.00 price target on the stock.
  • 6/7/2017 – Tesoro Corporation was upgraded by analysts at TheStreet from a “c+” rating to a “b-” rating.
  • 6/5/2017 – Tesoro Corporation was upgraded by analysts at Deutsche Bank AG from a “hold” rating to a “buy” rating. They now have a $106.00 price target on the stock.
  • 6/5/2017 – Tesoro Corporation had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $120.00 price target on the stock.
  • 6/3/2017 – Tesoro Corporation was given a new $94.00 price target on by analysts at Jefferies Group LLC. They now have a “buy” rating on the stock.
  • 6/2/2017 – Tesoro Corporation had its “overweight” rating reaffirmed by analysts at Barclays PLC. They now have a $118.00 price target on the stock.
  • 5/30/2017 – Tesoro Corporation was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating. They now have a $110.00 price target on the stock, up previously from $100.00.
  • 5/25/2017 – Tesoro Corporation had its “overweight” rating reaffirmed by analysts at Piper Jaffray Companies.
  • 5/24/2017 – Tesoro Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “We are concerned with the higher gasoline stockpile, especially in the summer driving season that extends from April through September. Increase in stockpile indicates lower demand for gasoline, which should not be the case as long road trips are common in the U.S this time. The event is not in favor of refiners like Tesoro as their refining margin could be hurt. Also, Tesoro’s dividend yield is unimpressive. The company’s current yield of 2.7% is much lower than 3.5% for the Zacks categorized Oil Refining & Marketing industry. Moreover, debt-to-capitalization ratio for Tesoro is considerably higher than the broader industry, which reflects the company’s significant exposure to debt.”
  • 5/22/2017 – Tesoro Corporation had its “buy” rating reaffirmed by analysts at US Capital Advisors.
  • 5/19/2017 – Tesoro Corporation had its “neutral” rating reaffirmed by analysts at Credit Suisse Group. They now have a $100.00 price target on the stock, up previously from $96.00.

Shares of Tesoro Corporation (NYSE:TSO) opened at 97.04 on Tuesday. The firm has a market capitalization of $11.36 billion, a P/E ratio of 16.18 and a beta of 1.71. Tesoro Corporation has a 52 week low of $72.78 and a 52 week high of $97.76. The stock’s 50 day moving average price is $87.60 and its 200 day moving average price is $84.59.

Tesoro Corporation (NYSE:TSO) last released its earnings results on Monday, May 8th. The oil and gas company reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.16. The firm had revenue of $6.64 billion during the quarter, compared to analyst estimates of $6.46 billion. Tesoro Corporation had a net margin of 2.74% and a return on equity of 7.89%. The business’s revenue was up 30.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.19 EPS. On average, analysts predict that Tesoro Corporation will post $5.07 EPS for the current fiscal year.

In other news, CFO Steven Sterin bought 1,150 shares of the business’s stock in a transaction on Thursday, June 1st. The stock was purchased 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 directly owns 9,942 shares in the company, valued at $832,642.50. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director David Lilley bought 500 shares of the business’s stock in a transaction on Thursday, June 1st. The shares were purchased at an average cost of $83.16 per share, with a total value of $41,580.00. Following the transaction, the director now owns 15,134 shares in the company, valued at $1,258,543.44. The disclosure for this purchase can be found here. 0.86% of the stock is owned by insiders.

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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