Insider Buying: Tesoro Logistics LP (ANDX) Insider Purchases 1,400 Shares of Stock
Tesoro Logistics LP (NYSE:ANDX) insider Steven Sterin purchased 1,400 shares of the business’s stock in a transaction on Friday, December 1st. The shares were acquired at an average cost of $45.53 per share, for a total transaction of $63,742.00. Following the completion of the transaction, the insider now directly owns 9,714 shares in the company, valued at $442,278.42. The purchase was disclosed in a filing with the SEC, which is available through this link.
Tesoro Logistics LP (NYSE ANDX) traded down $1.14 during trading on Tuesday, reaching $45.31. 612,605 shares of the company’s stock traded hands, compared to its average volume of 402,403. The company has a market cap of $10,036.43, a PE ratio of 18.80, a P/E/G ratio of 3.33 and a beta of 1.12. The company has a debt-to-equity ratio of 2.15, a quick ratio of 1.01 and a current ratio of 1.01. Tesoro Logistics LP has a 52-week low of $42.18 and a 52-week high of $60.14.
Tesoro Logistics (NYSE:ANDX) last released its quarterly earnings results on Wednesday, November 8th. The oil and gas company reported $0.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.22. The firm had revenue of $444.00 million for the quarter, compared to analysts’ expectations of $414.69 million. Tesoro Logistics had a net margin of 23.50% and a return on equity of 22.48%. The business’s revenue was up 44.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.46 EPS. equities analysts forecast that Tesoro Logistics LP will post 2.79 EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in the business. Chicago Partners Investment Group LLC bought a new position in Tesoro Logistics in the 3rd quarter valued at about $2,422,000. Institutional & Family Asset Management LLC bought a new position in Tesoro Logistics in the 3rd quarter valued at about $2,251,000. GSA Capital Partners LLP bought a new position in Tesoro Logistics in the 3rd quarter valued at about $662,000. Barnett & Company Inc. bought a new position in Tesoro Logistics in the 3rd quarter valued at about $136,000. Finally, Tortoise Capital Advisors L.L.C. acquired a new position in shares of Tesoro Logistics during the 3rd quarter worth approximately $612,571,000. 34.86% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have commented on ANDX shares. Barclays reissued an “overweight” rating and set a $62.00 price target (down from $65.00) on shares of Tesoro Logistics in a research report on Thursday, August 10th. Credit Suisse Group upped their target price on shares of Tesoro Logistics from $59.00 to $63.00 and gave the company a “neutral” rating in a report on Friday, August 11th. Bank of America dropped their target price on shares of Tesoro Logistics from $58.00 to $55.00 and set a “buy” rating on the stock in a report on Wednesday, August 16th. Mitsubishi UFJ Financial Group raised shares of Tesoro Logistics to a “buy” rating and set a $60.00 target price on the stock in a report on Wednesday, August 16th. Finally, Scotiabank reaffirmed a “buy” rating and issued a $59.00 target price on shares of Tesoro Logistics in a report on Thursday, August 17th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. Tesoro Logistics has an average rating of “Hold” and a consensus target price of $55.38.
About Tesoro Logistics
Andeavor Logistics LP, formerly 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.
Receive News & Ratings for Tesoro Logistics LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesoro Logistics LP and related companies with MarketBeat.com's FREE daily email newsletter.