ING Groep NV acquired a new stake in Tesoro Corporation (NYSE:ANDV) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 12,475 shares of the oil and gas company’s stock, valued at approximately $1,287,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bollard Group LLC purchased a new stake in shares of Tesoro during the 3rd quarter valued at about $123,000. Edge Wealth Management LLC purchased a new stake in shares of Tesoro during the 3rd quarter valued at about $128,000. TCI Wealth Advisors Inc. purchased a new stake in shares of Tesoro during the 3rd quarter valued at about $191,000. Chicago Partners Investment Group LLC purchased a new stake in shares of Tesoro during the 2nd quarter valued at about $207,000. Finally, Calamos Advisors LLC purchased a new stake in shares of Tesoro during the 3rd quarter valued at about $211,000. 79.68% of the stock is currently owned by institutional investors and hedge funds.
In other news, EVP Keith M. Casey sold 9,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $103.60, for a total value of $932,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael E. Wiley sold 700 shares of the business’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 sale, the director now owns 41,850 shares of the company’s stock, valued at $4,446,144. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by insiders.
Shares of Tesoro Corporation (NYSE ANDV) opened at $104.00 on Friday. Tesoro Corporation has a twelve month low of $75.11 and a twelve month high of $112.21. 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 firm has a market capitalization of $16,223.69, a P/E ratio of 20.16, a PEG ratio of 0.75 and a beta of 1.56.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be issued a $0.59 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.27%. Tesoro’s dividend payout ratio (DPR) is 47.87%.
Several equities research analysts recently commented on ANDV shares. Evercore ISI upgraded Tesoro from an “in-line” rating to an “outperform” rating in a report on Thursday, November 2nd. Zacks Investment Research upgraded Tesoro from a “hold” rating to a “strong-buy” rating and set a $118.00 price objective on the stock in a report on Tuesday, September 12th. Howard Weil downgraded Tesoro from a “sector outperform” rating to a “sector perform” rating and set a $112.00 price objective on the stock. in a report on Thursday, September 28th. J P Morgan Chase & Co restated an “overweight” rating and set a $121.00 price objective on shares of Tesoro in a report on Friday, November 3rd. Finally, Royal Bank Of Canada dropped their price objective on Tesoro from $109.00 to $107.00 and set a “sector perform” rating on the stock in a report on Friday, November 10th. Eight investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Tesoro presently has a consensus rating of “Buy” and an average target price of $117.95.
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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.
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