Tesoro Corporation (ANDV) Given Average Rating of “Buy” by Brokerages
Shares of Tesoro Corporation (NYSE:ANDV) have been given a consensus recommendation of “Buy” by the twenty research firms that are covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $109.50.
Several equities analysts recently weighed in on the company. BidaskClub lowered Tesoro Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Citigroup Inc. lifted their price objective on Tesoro Corporation from $104.00 to $109.00 and gave the stock a “buy” rating in a report on Monday, July 17th. Zacks Investment Research upgraded Tesoro Corporation from a “sell” rating to a “hold” rating in a report on Friday, July 14th. Scotiabank set a $99.00 price objective on Tesoro Corporation and gave the stock a “buy” rating in a report on Tuesday, July 11th. Finally, Credit Suisse Group lifted their price objective on Tesoro Corporation from $100.00 to $107.00 and gave the stock a “neutral” rating in a report on Tuesday, June 20th.
Tesoro Corporation (ANDV) opened at 106.42 on Thursday. The stock has a 50 day moving average price of $102.27 and a 200-day moving average price of $91.85. The company has a market cap of $17.02 billion, a price-to-earnings ratio of 17.80 and a beta of 1.61. Tesoro Corporation has a 1-year low of $75.11 and a 1-year high of $107.71.
The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.22%. The ex-dividend date was Tuesday, August 29th. This is a positive change from Tesoro Corporation’s previous quarterly dividend of $0.55. Tesoro Corporation’s payout ratio is presently 83.99%.
Tesoro Corporation Company Profile
Andeavor, formerly Tesoro Corporation, is an independent petroleum refining, logistics and marketing company. he Company operates through three segments. The Refining operating segment refines crude oil and other feedstocks into transportation fuels, such as gasoline and gasoline blendstocks, jet fuel and diesel fuel, as well as other products, including heavy fuel oils, liquefied petroleum gas and petroleum coke for sale in bulk markets to a range of customers within its markets.
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