Jeff A. Stevens Buys 1,144 Shares of Tesoro Logistics LP (ANDX) Stock

Tesoro Logistics LP (NYSE:ANDX) Director Jeff A. Stevens acquired 1,144 shares of the company’s stock in a transaction dated Monday, December 4th. The stock was acquired at an average price of $46.75 per share, with a total value of $53,482.00. Following the purchase, the director now owns 2,229 shares in the company, valued at approximately $104,205.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of Tesoro Logistics LP (NYSE ANDX) traded down $1.17 during trading on Wednesday, hitting $44.14. 418,071 shares of the company were exchanged, compared to its average volume of 402,469. The firm has a market cap of $10,038.59, a PE ratio of 18.81, a P/E/G ratio of 3.34 and a beta of 1.12. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.15. Tesoro Logistics LP has a 1-year low of $42.18 and a 1-year high of $60.14.

Tesoro Logistics (NYSE:ANDX) last issued its quarterly earnings data on Wednesday, November 8th. The oil and gas company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.22. Tesoro Logistics had a net margin of 23.50% and a return on equity of 22.48%. The firm had revenue of $444.00 million for the quarter, compared to analyst estimates of $414.69 million. During the same quarter in the prior year, the firm earned $0.46 EPS. The company’s revenue was up 44.2% on a year-over-year basis. equities analysts predict that Tesoro Logistics LP will post 2.78 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Friday, November 3rd were issued a dividend of $0.9852 per share. This represents a $3.94 dividend on an annualized basis and a yield of 8.93%. The ex-dividend date of this dividend was Thursday, November 2nd. Tesoro Logistics’s dividend payout ratio is currently 167.66%.

A number of large investors have recently modified their holdings of the business. IndexIQ Advisors LLC bought a new stake in Tesoro Logistics during the 3rd quarter worth about $103,000. Ffcm LLC bought a new stake in Tesoro Logistics during the 3rd quarter worth about $110,000. Penserra Capital Management LLC bought a new stake in Tesoro Logistics during the 3rd quarter worth about $131,000. Barnett & Company Inc. bought a new stake in Tesoro Logistics during the 3rd quarter worth about $136,000. Finally, First Manhattan Co. bought a new stake in Tesoro Logistics during the 3rd quarter worth about $150,000. 34.86% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts recently issued reports on ANDX shares. BidaskClub cut shares of Tesoro Logistics from a “sell” rating to a “strong sell” rating in a research report on Saturday, October 21st. Mizuho reiterated a “hold” rating and set a $56.00 target price on shares of Tesoro Logistics in a research report on Friday, October 20th. Zacks Investment Research cut shares of Tesoro Logistics from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. SunTrust Banks set a $50.00 target price on shares of Tesoro Logistics and gave the stock a “buy” rating in a research report on Friday, November 17th. Finally, Barclays reiterated an “overweight” rating and set a $62.00 target price (down previously from $65.00) on shares of Tesoro Logistics in a research report on Thursday, August 10th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. Tesoro Logistics currently has an average rating of “Hold” and a consensus price target of $55.38.

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Tesoro Logistics Company Profile

Andeavor Logistics LP, formerly Tesoro Logistics LP, is a full-service logistics company operating in the western and mid-continent regions of the United States. The Company operates through three segments. Its Gathering segment consists of crude oil, natural gas and produced water gathering systems in the Bakken Region and Rockies Region.

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