141,753 Shares in Tesoro Corporation (ANDV) Purchased by Advisors Asset Management Inc.
Advisors Asset Management Inc. purchased a new stake in shares of Tesoro Corporation (NYSE:ANDV) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 141,753 shares of the oil and gas company’s stock, valued at approximately $14,622,000. Advisors Asset Management Inc. owned approximately 0.09% of Tesoro Corporation at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the business. Rehmann Capital Advisory Group purchased a new stake in shares of Tesoro Corporation in the 2nd quarter valued at $214,000. PGGM Investments purchased a new stake in shares of Tesoro Corporation in the 3rd quarter valued at $3,007,000. Mutual of America Capital Management LLC purchased a new stake in shares of Tesoro Corporation in the 3rd quarter valued at $2,421,000. Sit Investment Associates Inc. purchased a new stake in shares of Tesoro Corporation in the 2nd quarter valued at $1,483,000. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Tesoro Corporation by 27.2% in the 2nd quarter. Nisa Investment Advisors LLC now owns 74,413 shares of the oil and gas company’s stock valued at $6,224,000 after acquiring an additional 15,897 shares during the last quarter. Institutional investors and hedge funds own 78.37% of the company’s stock.
Shares of Tesoro Corporation (NYSE ANDV) traded up $0.96 on Friday, hitting $104.79. 1,198,500 shares of the company’s stock were exchanged, compared to its average volume of 1,986,415. Tesoro Corporation has a 1-year low of $75.11 and a 1-year high of $112.21. The firm has a market capitalization of $16,420.00, a PE ratio of 20.12, a PEG ratio of 0.75 and a beta of 1.56. The company has a current ratio of 1.47, a quick ratio of 0.62 and a debt-to-equity ratio of 0.61.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend is Wednesday, November 29th. Tesoro Corporation’s dividend payout ratio is presently 48.36%.
In other Tesoro Corporation news, Director Michael E. Wiley sold 700 shares of Tesoro Corporation stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $106.24, for a total transaction of $74,368.00. Following the completion of the sale, the director now directly owns 41,850 shares in the company, valued at $4,446,144. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.86% of the stock is owned by company insiders.
A number of analysts recently issued reports on ANDV shares. Royal Bank Of Canada reissued a “hold” rating and set a $100.00 price target on shares of Tesoro Corporation in a report on Thursday, July 20th. BidaskClub downgraded shares of Tesoro Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Morgan Stanley started coverage on shares of Tesoro Corporation in a report on Wednesday, August 2nd. They set an “overweight” rating on the stock. Zacks Investment Research raised shares of Tesoro Corporation from a “hold” rating to a “strong-buy” rating and set a $118.00 price target on the stock in a report on Tuesday, September 12th. Finally, Howard Weil downgraded shares of Tesoro Corporation from a “sector outperform” rating to a “sector perform” rating and set a $112.00 price target on the stock. in a report on Thursday, September 28th. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $117.21.
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Tesoro Corporation 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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