Shares of Tesoro Logistics LP (NASDAQ:TLLP) have received a consensus rating of “Buy” from the eight analysts that are currently covering the stock. Three analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $58.17.

A number of equities research analysts have recently commented on the company. Jefferies Group LLC dropped their price target on Tesoro Logistics from $53.00 to $52.00 and set a “hold” rating on the stock in a research report on Wednesday, April 19th. Zacks Investment Research raised Tesoro Logistics from a “sell” rating to a “hold” rating in a research report on Thursday, April 20th. Mizuho lowered Tesoro Logistics from a “buy” rating to a “neutral” rating and set a $59.00 price target on the stock. in a research report on Wednesday, February 8th. Scotiabank reaffirmed a “buy” rating and set a $63.00 price target on shares of Tesoro Logistics in a research report on Thursday, March 23rd. Finally, Citigroup Inc reaffirmed a “buy” rating on shares of Tesoro Logistics in a research report on Monday, January 30th.

Tesoro Logistics (NASDAQ:TLLP) opened at 53.86 on Tuesday. The stock has a market cap of $5.82 billion and a PE ratio of 30.71. The firm’s 50-day moving average price is $53.95 and its 200 day moving average price is $52.82. Tesoro Logistics has a 1-year low of $43.00 and a 1-year high of $60.14.

Tesoro Logistics (NASDAQ:TLLP) last released its quarterly earnings results on Monday, May 8th. The oil and gas company reported $0.51 EPS for the quarter, missing the Zacks’ consensus estimate of $0.63 by $0.12. The firm had revenue of $420 million during the quarter, compared to the consensus estimate of $348.74 million. Tesoro Logistics’s revenue for the quarter was up 40.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.19 earnings per share. Equities research analysts expect that Tesoro Logistics will post $2.68 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Friday, May 5th were given a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 6.98%. The ex-dividend date of this dividend was Wednesday, May 3rd. This is a positive change from Tesoro Logistics’s previous quarterly dividend of $0.91.

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Large investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. raised its stake in shares of Tesoro Logistics by 15.6% in the first quarter. Goldman Sachs Group Inc. now owns 4,217,956 shares of the oil and gas company’s stock worth $229,752,000 after buying an additional 570,679 shares in the last quarter. TPH Asset Management LLC raised its stake in shares of Tesoro Logistics by 27.6% in the first quarter. TPH Asset Management LLC now owns 41,565 shares of the oil and gas company’s stock worth $2,264,000 after buying an additional 8,993 shares in the last quarter. Salem Investment Counselors Inc. purchased a new stake in shares of Tesoro Logistics during the first quarter worth about $545,000. Driehaus Capital Management LLC raised its stake in shares of Tesoro Logistics by 30.2% in the first quarter. Driehaus Capital Management LLC now owns 93,419 shares of the oil and gas company’s stock worth $5,089,000 after buying an additional 21,679 shares in the last quarter. Finally, Brookfield Asset Management Inc. raised its stake in shares of Tesoro Logistics by 2.1% in the first quarter. Brookfield Asset Management Inc. now owns 54,100 shares of the oil and gas company’s stock worth $2,947,000 after buying an additional 1,100 shares in the last quarter.

Tesoro Logistics Company Profile

Tesoro Logistics LP is a full-service logistics company operating in the western and mid-continent regions of the United States. The Company operates through three segments. Its Gathering segment consists of crude oil, natural gas and produced water gathering systems in the Bakken Region and Rockies Region.

12 Month Chart for NASDAQ:TLLP

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