Tesoro (ANDV) Lifted to “Buy” at ValuEngine

ValuEngine upgraded shares of Tesoro (NYSE:ANDV) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning.

ANDV has been the subject of several other research reports. Jefferies Group lowered their target price on Tesoro from $109.00 to $108.00 and set a hold rating for the company in a research note on Monday, November 20th. Zacks Investment Research downgraded Tesoro from a buy rating to a hold rating in a research note 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 restated an overweight rating and set a $121.00 price target (up from $118.00) on shares of Tesoro in a report on Tuesday, October 10th. Finally, UBS boosted their price target on Tesoro from $116.00 to $123.00 and gave the stock a buy rating in a report on Wednesday, November 15th. Seven analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $118.68.

Tesoro (NYSE ANDV) opened at $111.04 on Wednesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.62 and a current ratio of 1.47. The company has a market capitalization of $17,321.91, a PE ratio of 21.52, a price-to-earnings-growth ratio of 0.81 and a beta of 1.55. Tesoro has a 52 week low of $75.11 and a 52 week high of $112.21.

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 dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend is Wednesday, November 29th. Tesoro’s dividend payout ratio (DPR) is currently 47.87%.

In related news, Director Michael E. Wiley sold 700 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $106.24, for a total value of $74,368.00. Following the sale, the director now directly owns 41,850 shares in the company, valued at $4,446,144. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul L. Foster sold 45,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director now owns 1,447,567 shares in the company, valued at $156,814,933.11. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 54,700 shares of company stock worth $5,881,618. Company insiders own 0.86% of the company’s stock.

A number of hedge funds have recently made changes to their positions in ANDV. Municipal Employees Retirement System of Michigan boosted its holdings in Tesoro by 28.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 8,470 shares of the oil and gas company’s stock valued at $792,000 after acquiring an additional 1,880 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Tesoro by 4.9% during the 2nd quarter. Janney Montgomery Scott LLC now owns 3,949 shares of the oil and gas company’s stock worth $370,000 after buying an additional 186 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Tesoro by 32.8% during the 2nd quarter. CIBC Asset Management Inc now owns 14,459 shares of the oil and gas company’s stock worth $1,353,000 after buying an additional 3,570 shares in the last quarter. Bessemer Group Inc. boosted its holdings in shares of Tesoro by 0.8% during the 2nd quarter. Bessemer Group Inc. now owns 29,860 shares of the oil and gas company’s stock worth $2,795,000 after buying an additional 227 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of Tesoro by 35.5% during the 2nd quarter. Daiwa Securities Group Inc. now owns 4,200 shares of the oil and gas company’s stock worth $393,000 after buying an additional 1,100 shares in the last quarter. Institutional investors and hedge funds own 79.23% of the company’s stock.

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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.

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

Analyst Recommendations for Tesoro (NYSE:ANDV)

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