Tesoro (NYSE:ANDV) had its price target hoisted by equities research analysts at Wells Fargo & Company to $141.00 in a report issued on Wednesday, The Fly reports. The firm presently has an “outperform” rating on the oil and gas company’s stock. Wells Fargo & Company’s target price indicates a potential upside of 31.07% from the company’s previous close.

A number of other analysts have also issued reports on the stock. BidaskClub raised shares of Tesoro from a “hold” rating to a “buy” rating in a research report on Tuesday, November 7th. J P Morgan Chase & Co reissued an “overweight” rating and issued a $121.00 price target on shares of Tesoro in a research report on Friday, November 3rd. Royal Bank Of Canada reissued a “sector perform” rating and issued a $107.00 price target (down from $109.00) on shares of Tesoro in a research report on Thursday, November 9th. Zacks Investment Research raised shares of Tesoro from a “hold” rating to a “buy” rating and set a $119.00 price target for the company in a research report on Tuesday, October 10th. Finally, Barclays reissued an “overweight” rating and issued a $121.00 price target (up from $118.00) on shares of Tesoro in a research report on Tuesday, October 10th. Eight investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $118.68.

Shares of Tesoro (ANDV) traded up $0.61 on Wednesday, hitting $107.58. 2,460,700 shares of the company’s stock traded hands, compared to its average volume of 1,952,265. Tesoro has a one year low of $75.11 and a one year high of $112.21. The firm has a market capitalization of $16,687.03, a PE ratio of 20.73, a price-to-earnings-growth ratio of 0.77 and a beta of 1.55. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.62 and a current ratio of 1.47.

In related news, EVP Keith M. Casey sold 9,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $103.60, for a total transaction of $932,400.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael E. Wiley sold 700 shares of the firm’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 transaction of $74,368.00. Following the transaction, the director now directly owns 41,850 shares in the company, valued at approximately $4,446,144. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in ANDV. Municipal Employees Retirement System of Michigan raised its position in shares of Tesoro by 28.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 8,470 shares of the oil and gas company’s stock valued at $792,000 after purchasing an additional 1,880 shares during the period. Janney Montgomery Scott LLC raised its position in shares of Tesoro by 4.9% in the second quarter. Janney Montgomery Scott LLC now owns 3,949 shares of the oil and gas company’s stock valued at $370,000 after purchasing an additional 186 shares during the period. CIBC Asset Management Inc raised its position in shares of Tesoro by 32.8% in the second quarter. CIBC Asset Management Inc now owns 14,459 shares of the oil and gas company’s stock valued at $1,353,000 after purchasing an additional 3,570 shares during the period. Bessemer Group Inc. raised its position in shares of Tesoro by 0.8% in the second quarter. Bessemer Group Inc. now owns 29,860 shares of the oil and gas company’s stock valued at $2,795,000 after purchasing an additional 227 shares during the period. Finally, Daiwa Securities Group Inc. raised its position in shares of Tesoro by 35.5% in the second quarter. Daiwa Securities Group Inc. now owns 4,200 shares of the oil and gas company’s stock valued at $393,000 after purchasing an additional 1,100 shares during the period. 79.23% of the stock is currently owned by institutional investors.

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Tesoro 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.

The Fly

Analyst Recommendations for Tesoro (NYSE:ANDV)

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