Tesoro (ANDV) Upgraded to “Buy” by ValuEngine

ValuEngine upgraded shares of Tesoro (NYSE:ANDV) from a hold rating to a buy rating in a research report released on Wednesday.

ANDV has been the topic of several other reports. Zacks Investment Research upgraded shares of Tesoro from a hold rating to a buy rating and set a $119.00 target price on the stock in a report on Tuesday, October 10th. Piper Jaffray Companies reiterated a buy rating and issued a $121.00 target price on shares of Tesoro in a report on Friday, November 17th. BidaskClub upgraded shares of Tesoro from a hold rating to a buy rating in a report on Saturday, October 7th. Evercore ISI upgraded shares of Tesoro from an in-line rating to an outperform rating in a report on Thursday, November 2nd. Finally, Royal Bank Of Canada reiterated a hold rating and issued a $101.00 target price on shares of Tesoro in a report on Friday, October 13th. Seven research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Tesoro currently has a consensus rating of Buy and an average price target of $118.68.

Shares of Tesoro (ANDV) traded up $0.16 during midday trading on Wednesday, reaching $107.74. 1,578,600 shares of the company traded hands, compared to its average volume of 1,950,674. Tesoro has a one year low of $75.11 and a one year high of $112.21. The stock has a market cap of $16,782.19, a PE ratio of 20.85, a PEG ratio of 0.77 and a beta of 1.55. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.62 and a current ratio of 1.47.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be issued a $0.59 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $2.36 annualized dividend and a dividend yield of 2.19%. Tesoro’s dividend payout ratio is currently 47.87%.

In related news, Director Michael E. Wiley sold 700 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $106.24, for a total transaction of $74,368.00. Following the sale, the director now directly owns 41,850 shares of the company’s stock, valued at approximately $4,446,144. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Keith M. Casey sold 9,000 shares of the company’s 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 disclosure for this sale can be found here. Corporate insiders own 0.86% of the company’s stock.

Several large investors have recently made changes to their positions in ANDV. FDO Partners LLC purchased a new position in shares of Tesoro in the 3rd quarter valued at $304,000. OxFORD Asset Management LLP purchased a new position in shares of Tesoro in the 3rd quarter valued at $5,103,000. Tredje AP fonden purchased a new position in shares of Tesoro in the 3rd quarter valued at $2,508,000. Westfield Capital Management Co. LP purchased a new position in shares of Tesoro in the 3rd quarter valued at $78,150,000. Finally, Strategic Global Advisors LLC acquired a new stake in Tesoro during the 3rd quarter worth $371,000. 79.23% of the stock is currently owned by institutional investors.

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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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