Tesoro Corporation (ANDV) Director Sells $4,874,850.00 in Stock
Tesoro Corporation (NYSE:ANDV) Director Paul L. Foster sold 45,000 shares of the stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $108.33, for a total value of $4,874,850.00. Following the transaction, the director now directly owns 1,447,567 shares of the company’s stock, valued at $156,814,933.11. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Shares of Tesoro Corporation (NYSE ANDV) traded up $1.18 during trading hours on Thursday, hitting $108.92. The stock had a trading volume of 1,118,637 shares, compared to its average volume of 1,947,149. Tesoro Corporation has a one year low of $75.11 and a one year high of $112.21. The firm has a market cap of $16,990.00, a P/E ratio of 20.85, a PEG ratio of 0.77 and a beta of 1.55. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.47 and a quick ratio of 0.62.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.17%. Tesoro’s dividend payout ratio (DPR) is presently 48.36%.
Several large investors have recently made changes to their positions in ANDV. Janney Montgomery Scott LLC lifted its holdings 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 in the last quarter. Bessemer Group Inc. lifted its holdings 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 in the last quarter. Global X Management Co. LLC lifted its holdings in shares of Tesoro by 16.2% in the second quarter. Global X Management Co. LLC now owns 3,511 shares of the oil and gas company’s stock valued at $329,000 after purchasing an additional 490 shares in the last quarter. Sun Life Financial INC purchased a new stake in shares of Tesoro in the third quarter valued at $110,000. Finally, Daiwa Securities Group Inc. lifted its holdings 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 in the last quarter. Institutional investors own 79.23% of the company’s stock.
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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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