Insider Selling: Daryl R. Schofield Sells 3,853 Shares of Tesoro Corp. Stock (TSO)
Tesoro Corp. (NYSE:TSO) SVP Daryl R. Schofield sold 3,853 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $60.52, for a total transaction of $233,183.56. Following the completion of the transaction, the senior vice president now directly owns 10,608 shares in the company, valued at approximately $641,996. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Tesoro Corp. (NYSE:TSO) traded down 0.53% during mid-day trading on Tuesday, hitting $60.875. 1,859,416 shares of the company’s stock traded hands. 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 $59.59 and its 200-day moving average is $54.4. The company has a market cap of $7.871 billion and a price-to-earnings ratio of 20.83.
Tesoro Corp. (NYSE:TSO) last announced its earnings results on Wednesday, July 30th. The company reported $1.70 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $1.56 earnings per share. The company’s quarterly revenue was up 24.8% on a year-over-year basis. On average, analysts predict that Tesoro Corp. will post $4.76 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 15th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Wednesday, August 27th. This is a boost from Tesoro Corp.’s previous quarterly dividend of $0.25.
A number of research firms have recently commented on TSO. Analysts at Credit Suisse raised their price target on shares of Tesoro Corp. from $65.00 to $75.00 in a research note on Friday. 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 investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Tesoro Corp. presently has a consensus rating of “Buy” and a consensus price target of $70.30.
Tesoro Corporation (NYSE:TSO) is an independent petroleum refiners and marketers in the United States.
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