Tesoro (NYSE:ANDV) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.

Several other research analysts also recently commented on ANDV. Wells Fargo & Company raised their price target on shares of Tesoro to $141.00 and gave the company an “outperform” rating in a report on Wednesday. BidaskClub downgraded shares of Tesoro from a “buy” rating to a “hold” rating in a report on Thursday, September 28th. Howard Weil downgraded shares of Tesoro from a “sector outperform” rating to a “sector perform” rating and set a $112.00 price target for the company. in a report on Thursday, September 28th. Cowen reissued a “buy” rating and issued a $120.00 price target on shares of Tesoro in a report on Thursday, September 28th. Finally, Scotiabank downgraded shares of Tesoro from an “outperform” rating to a “sector perform” rating and raised their price target for the company from $103.00 to $112.00 in a report on Saturday, September 30th. Seven analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $118.68.

Shares of Tesoro (NYSE ANDV) traded up $0.16 during trading hours on Wednesday, reaching $107.74. 1,578,680 shares of the company’s stock traded hands, compared to its average volume of 1,950,674. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.62 and a current ratio of 1.47. Tesoro has a 1 year low of $75.11 and a 1 year high of $112.21. The company has a market cap of $16,687.03, a P/E ratio of 20.73, a price-to-earnings-growth ratio of 0.77 and a beta of 1.55.

In related news, EVP Keith M. Casey sold 9,000 shares of Tesoro stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $103.60, for a total value of $932,400.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Michael E. Wiley sold 700 shares of Tesoro stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $106.24, for a total transaction of $74,368.00. Following the completion of the transaction, the director now 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 owned by company insiders.

A number of large investors have recently modified their holdings of ANDV. Sun Life Financial INC purchased a new position in Tesoro in the 3rd quarter worth $110,000. Bollard Group LLC purchased a new position in shares of Tesoro in the third quarter valued at about $123,000. Edge Wealth Management LLC purchased a new position in shares of Tesoro in the third quarter valued at about $128,000. Bronfman E.L. Rothschild L.P. purchased a new position in shares of Tesoro in the third quarter valued at about $155,000. Finally, Robecosam AG purchased a new position in shares of Tesoro in the third quarter valued at about $166,000. Institutional investors own 79.23% of the company’s stock.

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About Tesoro

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Tesoro (NYSE:ANDV)

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