Tesoro Sets New 52-Week High at $66.15 (TSO)
Tesoro (NYSE:TSO)’s share price reached a new 52-week high during trading on Thursday , Analyst Ratings News reports. The company traded as high as $66.15 and last traded at $66.04, with a volume of 1,194,394 shares. The stock had previously closed at $64.63.
Separately, analysts at Credit Suisse raised their price target on shares of Tesoro from $65.00 to $75.00 in a research note on Friday, August 1st. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $71.11.
The stock has a 50-day moving average of $61.88 and a 200-day moving average of $56.37. The company has a market cap of $8.498 billion and a P/E ratio of 22.00.
Tesoro (NYSE:TSO) last issued its quarterly earnings data 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 will post $4.80 EPS 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 1.86%. The ex-dividend date is Wednesday, August 27th. This is a boost from Tesoro’s previous quarterly dividend of $0.25.
In other Tesoro news, VP Arlen O. Glenewinkel unloaded 11,000 shares of Tesoro stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $65.00, for a total transaction of $715,000.00. The transaction was disclosed in a filing with the SEC, 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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