Nationwide Fund Advisors bought a new stake in Tesoro Corporation (NYSE:ANDV) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 226,182 shares of the oil and gas company’s stock, valued at approximately $23,331,000. Nationwide Fund Advisors owned approximately 0.14% of Tesoro at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of ANDV. Edge Wealth Management LLC acquired a new position in shares of Tesoro during the third quarter worth $128,000. Chicago Partners Investment Group LLC acquired a new position in shares of Tesoro during the second quarter worth $207,000. IBM Retirement Fund acquired a new position in shares of Tesoro during the second quarter worth $213,000. Park Avenue Securities LLC acquired a new position in shares of Tesoro during the second quarter worth $228,000. Finally, Quantitative Systematic Strategies LLC acquired a new position in shares of Tesoro during the third quarter worth $236,000. Hedge funds and other institutional investors own 79.68% of the company’s stock.
In other Tesoro 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 transaction 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 Tesoro stock in a transaction 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 completion of the sale, the director now directly owns 41,850 shares of the company’s stock, valued at $4,446,144. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.
Shares of Tesoro Corporation (NYSE:ANDV) opened at $104.00 on Monday. Tesoro Corporation has a 52 week low of $75.11 and a 52 week high of $112.21. The company has a quick ratio of 0.62, a current ratio of 1.47 and a debt-to-equity ratio of 0.61. The firm has a market cap of $16,223.69, a price-to-earnings ratio of 20.16, a price-to-earnings-growth ratio of 0.75 and a beta of 1.56.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend is Wednesday, November 29th. Tesoro’s dividend payout ratio (DPR) is currently 47.87%.
A number of equities analysts have recently commented on the stock. Jefferies Group LLC cut their price target on shares of Tesoro from $109.00 to $108.00 and set a “hold” rating on the stock in a report on Monday, November 20th. Zacks Investment Research lowered shares of Tesoro from a “buy” rating to a “hold” rating in a report on Thursday, October 19th. Wells Fargo & Company reissued an “outperform” rating and set a $127.00 target price (up previously from $106.00) on shares of Tesoro in a research note on Tuesday, October 17th. Barclays PLC reissued an “overweight” rating and set a $121.00 target price (up previously from $118.00) on shares of Tesoro in a research note on Tuesday, October 10th. Finally, UBS AG lifted their target price on shares of Tesoro from $116.00 to $123.00 and gave the stock a “buy” rating in a research note on Wednesday, November 15th. Eight equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $117.95.
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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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