2,121 Shares in Tesoro Corporation (ANDV) Purchased by Dai Ichi Life Insurance Company Ltd
Dai Ichi Life Insurance Company Ltd acquired a new stake in shares of Tesoro Corporation (NYSE:ANDV) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,121 shares of the oil and gas company’s stock, valued at approximately $219,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bollard Group LLC acquired a new position in shares of Tesoro during the 3rd quarter valued at about $123,000. Edge Wealth Management LLC acquired a new stake in Tesoro during the 3rd quarter worth approximately $128,000. Bronfman E.L. Rothschild L.P. acquired a new stake in Tesoro during the 3rd quarter worth approximately $155,000. Robecosam AG acquired a new stake in Tesoro during the 3rd quarter worth approximately $166,000. Finally, TCI Wealth Advisors Inc. acquired a new stake in Tesoro during the 3rd quarter worth approximately $191,000. 79.21% of the stock is owned by institutional investors.
A number of research firms recently issued reports on ANDV. Jefferies Group dropped their target price on shares of Tesoro from $109.00 to $108.00 and set a “hold” rating for the company in a research report on Monday, November 20th. BidaskClub downgraded shares of Tesoro from a “buy” rating to a “hold” rating in a research report on Thursday, September 28th. Howard Weil downgraded shares of Tesoro from a “sector outperform” rating to a “sector perform” rating and set a $112.00 target price for the company. in a research report on Thursday, September 28th. ValuEngine downgraded shares of Tesoro from a “buy” rating to a “hold” rating in a research report on Wednesday, November 22nd. Finally, Cowen reissued a “buy” rating and set a $120.00 target price on shares of Tesoro in a research report on Thursday, September 28th. Eight equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Tesoro presently has a consensus rating of “Buy” and an average target price of $117.95.
Shares of Tesoro Corporation (NYSE:ANDV) opened at $105.15 on Thursday. The stock has a market cap of $16,451.47, a P/E ratio of 20.44, a price-to-earnings-growth ratio of 0.76 and a beta of 1.56. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.47 and a quick ratio of 0.62. Tesoro Corporation has a 1 year low of $75.11 and a 1 year high of $112.21.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend is Wednesday, November 29th. Tesoro’s dividend payout ratio (DPR) is currently 47.87%.
In other news, EVP Keith M. Casey sold 9,000 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $103.60, for a total transaction of $932,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael E. Wiley sold 700 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $106.24, for a total value of $74,368.00. Following the transaction, the director now owns 41,850 shares of the company’s stock, valued at $4,446,144. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company’s stock.
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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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