Tesoro Corp. Reaches New 1-Year High at $64.47 (TSO)
Tesoro Corp. (NYSE:TSO) reached a new 52-week high on Monday , Analyst Ratings Network reports. The company traded as high as $64.47 and last traded at $64.21, with a volume of 1,307,156 shares trading hands. The stock had previously closed at $62.96.
Separately, 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, August 1st. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $71.11.
The stock’s 50-day moving average is $60.25 and its 200-day moving average is $55.03. The company has a market cap of $8.257 billion and a price-to-earnings ratio of 21.43.
Tesoro Corp. (NYSE:TSO) last announced its earnings results on Wednesday, July 30th. The company reported $1.70 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $1.56 earnings per share. The company’s revenue for the quarter was up 24.8% on a year-over-year basis. Analysts expect that Tesoro Corp. will post $4.76 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 15th. Shareholders 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 1.91%. The ex-dividend date is Wednesday, August 27th. This is a boost from Tesoro Corp.’s previous quarterly dividend of $0.25.
In other Tesoro Corp. news, SVP Daryl R. Schofield unloaded 3,853 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $60.52, for a total transaction of $233,183.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Tesoro Corporation (NYSE:TSO) is an independent petroleum refiners and marketers in the United States.
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