Tesoro Corporation (NYSE:ANDV) has been given an average rating of “Buy” by the twenty-three analysts that are covering the firm, Marketbeat reports. Eight analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $118.35.
A number of analysts have recently issued reports on ANDV shares. Evercore ISI raised Tesoro to a “buy” rating and set a $128.00 target price on the stock in a research report on Thursday, November 2nd. Zacks Investment Research lowered Tesoro from a “buy” rating to a “hold” rating in a research report on Thursday, October 19th. ValuEngine lowered Tesoro from a “buy” rating to a “hold” rating in a research report on Wednesday, November 22nd. BidaskClub raised Tesoro from a “hold” rating to a “buy” rating in a research report on Thursday, August 31st. Finally, Cowen reissued a “buy” rating and issued a $120.00 price objective on shares of Tesoro in a report on Thursday, September 28th.
Tesoro (NYSE:ANDV) opened at $105.47 on Friday. Tesoro has a fifty-two week low of $75.11 and a fifty-two week high of $112.21. The firm has a market capitalization of $16,451.47, a price-to-earnings ratio of 20.44, a P/E/G ratio of 0.76 and a beta of 1.56. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.47 and a quick ratio of 0.62.
In other Tesoro news, Director Michael E. Wiley sold 700 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $106.24, for a total value of $74,368.00. Following the completion of the transaction, the director now directly owns 41,850 shares in the company, valued at approximately $4,446,144. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Keith M. Casey sold 9,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $103.60, for a total transaction of $932,400.00. The disclosure for this sale can be found here. Company insiders own 0.86% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the business. Sun Life Financial INC purchased a new stake in Tesoro in the third quarter worth $110,000. Bollard Group LLC acquired a new position in Tesoro in the 3rd quarter valued at approximately $123,000. Edge Wealth Management LLC acquired a new position in Tesoro in the 3rd quarter valued at approximately $128,000. Bronfman E.L. Rothschild L.P. bought a new stake in shares of Tesoro in the 3rd quarter valued at $155,000. Finally, Robecosam AG bought a new stake in shares of Tesoro in the 3rd quarter valued at $166,000. 79.21% of the stock is currently owned by hedge funds and other institutional investors.
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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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