Media stories about Tesoro Corporation (NYSE:ANDV) have been trending somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Tesoro Corporation earned a news impact score of 0.17 on Accern’s scale. Accern also gave press coverage about the oil and gas company an impact score of 44.8566384622636 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
- Texas company’s $225 million pipeline play includes New Mexico (bizjournals.com)
- Corporate News Blog – Andeavor Reveals Plans to Construct a $225 Million Pipeline in Delaware Basin (finance.yahoo.com)
- Andeavor to Construct a Pipeline in Permian Basin for $225M (finance.yahoo.com)
- ETFs with exposure to Andeavor : August 15, 2017 (finance.yahoo.com)
- Andeavor Unit To Buy Western Refining Logistics In $1.5 Billion Merger – Oil and Gas Investor (registration) (oilandgasinvestor.com)
Shares of Tesoro Corporation (NYSE:ANDV) traded down 0.58% during midday trading on Tuesday, hitting $94.65. 1,088,649 shares of the stock traded hands. Tesoro Corporation has a 52 week low of $72.95 and a 52 week high of $101.52. The firm’s 50-day moving average is $96.42 and its 200 day moving average is $87.16. The company has a market capitalization of $15.14 billion, a price-to-earnings ratio of 15.83 and a beta of 1.71.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date is Tuesday, August 29th. This is a positive change from Tesoro Corporation’s previous quarterly dividend of $0.55. Tesoro Corporation’s dividend payout ratio (DPR) is 78.29%.
Several equities analysts recently issued reports on the stock. Jefferies Group LLC set a $94.00 price target on shares of Tesoro Corporation and gave the company a “buy” rating in a report on Saturday, June 3rd. Royal Bank Of Canada reissued a “hold” rating and set a $98.00 price target on shares of Tesoro Corporation in a report on Thursday, April 27th. UBS AG reissued a “buy” rating and set a $107.00 price target on shares of Tesoro Corporation in a report on Tuesday, June 13th. Credit Suisse Group AG lifted their price target on shares of Tesoro Corporation from $100.00 to $107.00 and gave the company a “neutral” rating in a report on Tuesday, June 20th. Finally, US Capital Advisors reissued a “buy” rating on shares of Tesoro Corporation in a report on Monday, May 22nd. Four investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Tesoro Corporation has an average rating of “Buy” and an average price target of $109.00.
In other news, Director David Lilley bought 500 shares of the firm’s stock in a transaction on Thursday, June 1st. The stock was acquired at an average price of $83.16 per share, with a total value of $41,580.00. Following the transaction, the director now owns 15,134 shares of the company’s stock, valued at approximately $1,258,543.44. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Steven Sterin bought 1,150 shares of the firm’s stock in a transaction on Thursday, June 1st. The shares were purchased at an average cost of $83.75 per share, with a total value of $96,312.50. Following the transaction, the chief financial officer now directly owns 9,942 shares in the company, valued at approximately $832,642.50. The disclosure for this purchase can be found here. 0.86% of the stock is owned by company insiders.
Tesoro Corporation Company Profile
Andeavor Corporation, 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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