Tesoro Logistics LP (TLLP) Plans Quarterly Dividend of $0.55
Tesoro Logistics LP (NASDAQ:TLLP) declared a quarterly dividend on Thursday, October 24th, Analyst Ratings Network.com reports. Investors of record on Monday, November 4th will be given a dividend of $0.545 per share on Thursday, November 14th. This represents a $2.18 dividend on an annualized basis and a yield of 3.88%.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Tesoro Logistics LP from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, October 8th. They now have a $54.90 price target on the stock. On the ratings front, analysts at Oppenheimer initiated coverage on shares of Tesoro Logistics LP in a research note to investors on Tuesday, September 3rd. They set an “outperform” rating and a $61.00 price target on the stock. Finally, analysts at Barclays cut their price target on shares of Tesoro Logistics LP from $68.00 to $66.00 in a research note to investors on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $59.21.
Shares of Tesoro Logistics LP (NASDAQ:TLLP) traded up 0.09% during mid-day trading on Thursday, hitting $56.25. The stock had a trading volume of 167,586 shares. Tesoro Logistics LP has a one year low of $41.26 and a one year high of $71.92. The stock has a 50-day moving average of $53.98 and a 200-day moving average of $56.37. The company has a market cap of $2.642 billion and a price-to-earnings ratio of 34.23.
Tesoro Logistics LP (NASDAQ:TLLP) last announced its earnings results on Monday, August 5th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by $0.32. The company had revenue of $59.88 million for the quarter, compared to the consensus estimate of $89.57 million.
Tesoro Logistics LP is a fee-based Delaware limited partnership formed by Tesoro Corporation (NASDAQ:TLLP) to own, operate, develop and acquire crude oil and refined products logistics assets.
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