OxFORD Asset Management LLP Takes Position in Tesoro Corporation (ANDV)

OxFORD Asset Management LLP purchased a new stake in Tesoro Corporation (NYSE:ANDV) during the third quarter, according to its most recent filing with the SEC. The firm purchased 49,495 shares of the oil and gas company’s stock, valued at approximately $5,103,000.

Several other large investors have also recently made changes to their positions in ANDV. Tredje AP fonden acquired a new stake in shares of Tesoro in the third quarter valued at approximately $2,508,000. Westfield Capital Management Co. LP acquired a new position in Tesoro in the third quarter valued at about $78,150,000. Strategic Global Advisors LLC acquired a new position in Tesoro in the third quarter valued at about $371,000. Commerzbank Aktiengesellschaft FI acquired a new position in Tesoro in the third quarter valued at about $6,624,000. Finally, Shufro Rose & Co. LLC acquired a new position in Tesoro during the third quarter worth about $846,000. Institutional investors and hedge funds own 79.23% of the company’s stock.

Several research analysts have commented on the company. BidaskClub downgraded Tesoro from a “buy” rating to a “hold” rating in a research note on Thursday, September 28th. Howard Weil downgraded Tesoro from a “sector outperform” rating to a “sector perform” rating and set a $112.00 target price for the company. in a research note on Thursday, September 28th. Cowen reissued a “buy” rating and set a $120.00 target price on shares of Tesoro in a research note on Thursday, September 28th. Scotiabank downgraded Tesoro from an “outperform” rating to a “sector perform” rating and boosted their target price for the stock from $103.00 to $112.00 in a research note on Saturday, September 30th. Finally, Jefferies Group reduced their price target on Tesoro from $109.00 to $108.00 and set a “hold” rating on the stock in a report on Monday, November 20th. Eight investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Tesoro has a consensus rating of “Buy” and an average price target of $117.95.

In other Tesoro news, Director Michael E. Wiley sold 700 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 41,850 shares in the company, valued at approximately $4,446,144. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Keith M. Casey sold 9,000 shares of the 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 disclosure for this sale can be found here. 0.86% of the stock is currently owned by corporate insiders.

Tesoro Corporation (ANDV) opened at $107.58 on Wednesday. The stock has a market capitalization 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. Tesoro Corporation has a twelve month low of $75.11 and a twelve month high of $112.21. The company has a current ratio of 1.47, a quick ratio of 0.62 and a debt-to-equity ratio of 0.61.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend is Wednesday, November 29th. Tesoro’s payout ratio is 47.87%.

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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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Institutional Ownership by Quarter for Tesoro (NYSE:ANDV)

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