ValuEngine Lowers Tesoro Corporation (ANDV) to Hold
Tesoro Corporation (NYSE:ANDV) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
A number of other brokerages have also recently commented on ANDV. Zacks Investment Research upgraded Tesoro Corporation from a “hold” rating to a “buy” rating and set a $119.00 price target for the company in a research report on Tuesday, October 10th. Piper Jaffray Companies restated a “buy” rating and issued a $121.00 price target on shares of Tesoro Corporation in a research report on Friday, November 17th. BidaskClub upgraded Tesoro Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, October 7th. Evercore ISI upgraded Tesoro Corporation from an “in-line” rating to an “outperform” rating in a research report on Thursday, November 2nd. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $101.00 price target on shares of Tesoro Corporation in a research report on Friday, October 13th. Eight analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $117.95.
Shares of Tesoro Corporation (NYSE ANDV) traded down $1.39 on Wednesday, reaching $103.95. The company’s stock had a trading volume of 1,407,898 shares, compared to its average volume of 1,969,302. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.62 and a current ratio of 1.47. The stock has a market capitalization of $16,220.00, a PE ratio of 20.37, a price-to-earnings-growth ratio of 0.76 and a beta of 1.56. Tesoro Corporation has a fifty-two week low of $75.11 and a fifty-two week high of $112.21.
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In related news, Director Michael E. Wiley sold 700 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $106.24, for a total transaction of $74,368.00. Following the completion of the transaction, the director now directly owns 41,850 shares of the company’s stock, valued at $4,446,144. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Keith M. Casey sold 9,000 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $103.60, for a total value of $932,400.00. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in ANDV. Boston Partners bought a new stake in shares of Tesoro Corporation in the 3rd quarter valued at approximately $773,141,000. Bank of New York Mellon Corp bought a new stake in shares of Tesoro Corporation in the 3rd quarter valued at approximately $403,103,000. Dimensional Fund Advisors LP bought a new stake in shares of Tesoro Corporation in the 3rd quarter valued at approximately $333,346,000. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Tesoro Corporation in the 3rd quarter valued at approximately $214,005,000. Finally, Prudential Financial Inc. bought a new stake in shares of Tesoro Corporation in the 3rd quarter valued at approximately $150,513,000. 79.68% of the stock is owned by institutional investors.
About Tesoro Corporation
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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