Royal Bank Of Canada Cuts Tesoro Corporation (ANDV) Price Target to $107.00
Tesoro Corporation (NYSE:ANDV) had its target price lowered by Royal Bank Of Canada from $109.00 to $107.00 in a research note published on Friday morning, StockTargetPrices.com reports. The brokerage currently has a sector perform rating on the oil and gas company’s stock.
A number of other analysts also recently commented on the company. Citigroup Inc. increased their price target on Tesoro Corporation from $104.00 to $109.00 and gave the company a buy rating in a research report on Monday, July 17th. Zacks Investment Research raised Tesoro Corporation from a sell rating to a hold rating in a research report on Friday, July 14th. Evercore ISI raised Tesoro Corporation from an in-line rating to an outperform rating in a research report on Thursday, November 2nd. J P Morgan Chase & Co reaffirmed an overweight rating and set a $121.00 price target on shares of Tesoro Corporation in a research report on Friday, November 3rd. Finally, BidaskClub downgraded Tesoro Corporation from a strong-buy rating to a buy rating in a research report on Tuesday, July 25th. Four equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $110.93.
Shares of Tesoro Corporation (NYSE:ANDV) opened at $107.20 on Friday. The company has a market capitalization of $16,722.91, a P/E ratio of 20.77, a PEG ratio of 0.80 and a beta of 1.56. Tesoro Corporation has a 52 week low of $75.11 and a 52 week high of $112.21. The company has a quick ratio of 0.62, a current ratio of 1.47 and a debt-to-equity ratio of 0.61.
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The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend is Wednesday, November 29th. Tesoro Corporation’s payout ratio is currently 47.87%.
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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