Tesoro Corporation (NYSE:TSO) – Stock analysts at US Capital Advisors dropped their Q2 2017 earnings per share estimates for Tesoro Corporation in a research note issued on Thursday. US Capital Advisors analyst C. Weiland now anticipates that the oil and gas company will post earnings per share of $1.52 for the quarter, down from their previous estimate of $1.65. US Capital Advisors currently has a “Buy” rating on the stock.
Several other brokerages also recently commented on TSO. Citigroup Inc. reissued a “buy” rating and issued a $104.00 price objective (down previously from $109.00) on shares of Tesoro Corporation in a research note on Saturday, April 22nd. Zacks Investment Research raised shares of Tesoro Corporation from a “sell” rating to a “hold” rating in a research note on Friday. BidaskClub raised shares of Tesoro Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 11th. Credit Suisse Group downgraded shares of Tesoro Corporation from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $110.00 to $93.00 in a research note on Friday, March 24th. Finally, Cowen and Company reissued an “outperform” rating and issued a $120.00 price objective on shares of Tesoro Corporation in a research note on Monday, June 5th. Four equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $108.88.
Tesoro Corporation (TSO) opened at 97.04 on Monday. Tesoro Corporation has a 52-week low of $72.78 and a 52-week high of $97.76. The company has a 50-day moving average of $87.60 and a 200 day moving average of $84.59. The company has a market cap of $11.36 billion, a PE ratio of 16.18 and a beta of 1.71.
Tesoro Corporation (NYSE:TSO) last posted its quarterly earnings data on Monday, May 8th. The oil and gas company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.16. Tesoro Corporation had a net margin of 2.74% and a return on equity of 7.89%. The firm had revenue of $6.64 billion during the quarter, compared to analysts’ expectations of $6.46 billion. During the same quarter in the previous year, the company posted $1.19 EPS. Tesoro Corporation’s revenue was up 30.1% on a year-over-year basis.
In other Tesoro Corporation news, CFO Steven Sterin acquired 1,150 shares of Tesoro Corporation stock in a transaction dated Thursday, June 1st. The stock was purchased at an average cost of $83.75 per share, for a total transaction of $96,312.50. Following the completion of the acquisition, the chief financial officer now directly owns 9,942 shares of the company’s stock, valued at $832,642.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director David Lilley acquired 500 shares of Tesoro Corporation stock in a transaction dated Thursday, June 1st. The shares were acquired at an average price of $83.16 per share, with a total value of $41,580.00. Following the completion of the acquisition, the director now directly owns 15,134 shares of the company’s stock, valued at $1,258,543.44. The disclosure for this purchase can be found here. 0.86% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Edge Wealth Management LLC purchased a new position in Tesoro Corporation during the first quarter worth $102,000. Coconut Grove Bank raised its position in Tesoro Corporation by 3,685.7% in the first quarter. Coconut Grove Bank now owns 1,325 shares of the oil and gas company’s stock worth $107,000 after buying an additional 1,290 shares during the last quarter. National Pension Service raised its position in Tesoro Corporation by 187.8% in the second quarter. National Pension Service now owns 1,278 shares of the oil and gas company’s stock worth $119,000 after buying an additional 834 shares during the last quarter. CENTRAL TRUST Co raised its position in Tesoro Corporation by 0.9% in the first quarter. CENTRAL TRUST Co now owns 1,483 shares of the oil and gas company’s stock worth $120,000 after buying an additional 13 shares during the last quarter. Finally, Trust Department MB Financial Bank N A raised its position in Tesoro Corporation by 10.2% in the second quarter. Trust Department MB Financial Bank N A now owns 1,356 shares of the oil and gas company’s stock worth $127,000 after buying an additional 126 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors.
Tesoro Corporation Company Profile
Tesoro Corporation (Tesoro) 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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