Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Tesoro Corporation (NYSE:ANDV) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,829 shares of the oil and gas company’s stock, valued at approximately $395,000.
A number of other large investors have also modified their holdings of ANDV. Boston Partners acquired a new stake in Tesoro during the 3rd quarter worth $773,141,000. Prudential Financial Inc. acquired a new stake in shares of Tesoro in the 3rd quarter worth $150,513,000. APG Asset Management N.V. acquired a new stake in shares of Tesoro in the 3rd quarter worth $85,187,000. Jennison Associates LLC acquired a new stake in shares of Tesoro in the 3rd quarter worth $81,868,000. Finally, Principal Financial Group Inc. acquired a new stake in shares of Tesoro in the 3rd quarter worth $46,997,000. Hedge funds and other institutional investors own 79.21% of the company’s stock.
Tesoro Corporation (ANDV) opened at $104.43 on Friday. The company has a quick ratio of 0.62, a current ratio of 1.47 and a debt-to-equity ratio of 0.61. The stock has a market cap of $16,290.77, a PE ratio of 20.24, a PEG ratio of 0.75 and a beta of 1.56. Tesoro Corporation has a twelve month low of $75.11 and a twelve month high of $112.21.
In other Tesoro news, EVP Keith M. Casey sold 9,000 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $103.60, for a total transaction of $932,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael E. Wiley sold 700 shares of the firm’s 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 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. Company insiders own 0.86% of the company’s stock.
Several analysts have recently commented on the stock. Jefferies Group reduced their target price on shares of Tesoro from $109.00 to $108.00 and set a “hold” rating for the company in a research note on Monday, November 20th. Zacks Investment Research cut shares of Tesoro from a “buy” rating to a “hold” rating in a research note on Thursday, October 19th. Wells Fargo & Company restated an “outperform” rating and issued a $127.00 target price (up previously from $106.00) on shares of Tesoro in a research note on Tuesday, October 17th. Barclays restated an “overweight” rating and issued a $121.00 target price (up previously from $118.00) on shares of Tesoro in a research note on Tuesday, October 10th. Finally, UBS raised their target price on shares of Tesoro from $116.00 to $123.00 and gave the stock a “buy” rating in a research note on Wednesday, November 15th. Eight research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $117.95.
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Tesoro Company 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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