Somewhat Positive Media Coverage Somewhat Unlikely to Affect Tesoro Corporation (ANDV) Stock Price
Headlines about Tesoro Corporation (NYSE:ANDV) have trended somewhat positive recently, according to Accern. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tesoro Corporation earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned news articles about the oil and gas company an impact score of 45.5323617570812 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news articles that may have effected Accern’s scoring:
- Harvey, Irma Put Gulf Oil Refiners on Watch; Tesla Takes Aim at Trucking – ICYMI – TheStreet.com (thestreet.com)
- US Oil Stockpiles Skyrocket One Week After Hurricane Harvey – TheStreet.com (thestreet.com)
- What Analysts Expect for Marathon Petroleum’s Dividend Payment (finance.yahoo.com)
- [$$] Maybe The Obama Era Really Is Ending (finance.yahoo.com)
ANDV has been the subject of a number of research reports. Zacks Investment Research upgraded Tesoro Corporation from a “sell” rating to a “hold” rating in a research report on Friday, July 14th. BidaskClub upgraded Tesoro Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 11th. Cowen and Company reiterated an “outperform” rating and set a $120.00 target price on shares of Tesoro Corporation in a research report on Monday, June 5th. Jefferies Group LLC set a $94.00 target price on Tesoro Corporation and gave the company a “buy” rating in a research report on Saturday, June 3rd. Finally, Barclays PLC reiterated an “overweight” rating and set a $118.00 target price on shares of Tesoro Corporation in a research report on Friday, June 2nd. Four research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $109.00.
Tesoro Corporation (NYSE ANDV) traded up 0.61% during mid-day trading on Monday, reaching $102.19. The company’s stock had a trading volume of 1,036,153 shares. The stock has a market cap of $16.34 billion, a price-to-earnings ratio of 17.09 and a beta of 1.62. The firm’s 50 day moving average price is $97.11 and its 200 day moving average price is $88.58. Tesoro Corporation has a 12-month low of $75.11 and a 12-month high of $102.58.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend is Tuesday, August 29th. This is a positive change from Tesoro Corporation’s previous quarterly dividend of $0.55. Tesoro Corporation’s dividend payout ratio is 83.99%.
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Tesoro Corporation Company Profile
Andeavor, formerly Tesoro Corporation, 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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