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Investment analysts at Credit Suisse hoisted their price objective on shares of Tesoro Corp. (NYSE:TSO) from $65.00 to $75.00 in a note issued to investors on Friday. Credit Suisse’s price target indicates a potential upside of 25.31% from the stock’s previous close.

Shares of Tesoro Corp. (NYSE:TSO) traded down 2.75% on Friday, hitting $59.85. The stock had a trading volume of 3,497,432 shares. Tesoro Corp. has a one year low of $40.90 and a one year high of $62.89. The stock’s 50-day moving average is $59.42 and its 200-day moving average is $54.29. The company has a market cap of $7.739 billion and a price-to-earnings ratio of 20.95.

Tesoro Corp. (NYSE:TSO) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.70 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.82 by $0.12. The company had revenue of $11.10 billion for the quarter, compared to the consensus estimate of $9.78 billion. During the same quarter last year, the company posted $1.56 earnings per share. Tesoro Corp.’s revenue was up 24.8% compared to the same quarter last year. On average, analysts predict that Tesoro Corp. will post $4.92 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Investors of record on Friday, August 29th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend is Wednesday, August 27th. This is an increase from Tesoro Corp.’s previous quarterly dividend of $0.25.

Separately, analysts at Zacks reiterated a “neutral” rating on shares of Tesoro Corp. in a research note on Monday, June 30th. They now have a $63.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $70.30.

Tesoro Corporation (NYSE:TSO) is an independent petroleum refiners and marketers in the United States.

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