Tesoro Logistics Director Purchases $33,660 in Stock (TLLP)
Tesoro Logistics (NASDAQ:TLLP) Director James H. Lamanna purchased 500 shares of the company’s stock in a transaction that occurred on Friday, August 8th. The shares were purchased at an average price of $67.32 per share, for a total transaction of $33,660.00. Following the completion of the transaction, the director now directly owns 6,062 shares in the company, valued at approximately $408,094. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on TLLP shares. Analysts at RBC Capital cut their price target on shares of Tesoro Logistics from $75.00 to $69.00 in a research note on Friday, August 1st. Separately, analysts at Howard Weil raised their price target on shares of Tesoro Logistics from $74.00 to $80.00 in a research note on Thursday, July 24th. They now have a “sector outperform” rating on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Tesoro Logistics in a research note on Wednesday, July 23rd. They now have a $81.00 price target on the stock, up previously from $67.00. Eight investment analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average price target of $73.67.
Tesoro Logistics (NASDAQ:TLLP) traded down 0.24% during mid-day trading on Friday, hitting $67.60. The stock had a trading volume of 86,027 shares. Tesoro Logistics has a one year low of $47.40 and a one year high of $75.55. The stock’s 50-day moving average is $70.88 and its 200-day moving average is $65.13. The company has a market cap of $3.720 billion and a price-to-earnings ratio of 34.50.
Tesoro Logistics (NASDAQ:TLLP) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by $0.08. Analysts expect that Tesoro Logistics will post $2.36 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 14th. Shareholders of record on Monday, August 4th will be given a dividend of $0.615 per share. This represents a $2.46 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend is Thursday, July 31st. This is a positive change from Tesoro Logistics’s previous quarterly dividend of $0.59.
Tesoro Logistics LP (NASDAQ:TLLP) owns, operates, develops and acquires crude oil and refined products logistics assets.
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