Shares of Tesoro Corporation (NYSE:ANDV) have been assigned a consensus recommendation of “Buy” from the twenty-two research firms that are covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $109.47.
A number of analysts have commented on ANDV shares. Jefferies Group LLC set a $94.00 price target on Tesoro Corporation and gave the stock a “buy” rating in a research report on Wednesday, April 19th. Citigroup Inc. restated a “buy” rating and issued a $104.00 price target (down previously from $109.00) on shares of Tesoro Corporation in a research report on Saturday, April 22nd. Royal Bank Of Canada restated a “hold” rating and issued a $98.00 price target on shares of Tesoro Corporation in a research report on Thursday, April 27th. Zacks Investment Research cut Tesoro Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, May 10th. Finally, TheStreet cut Tesoro Corporation from a “b” rating to a “c+” rating in a research report on Thursday, May 11th.
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Shares of Tesoro Corporation (ANDV) traded up 0.63% during mid-day trading on Friday, reaching $94.42. 1,272,554 shares of the company’s stock traded hands. Tesoro Corporation has a 12 month low of $72.95 and a 12 month high of $101.52. The company has a 50 day moving average of $96.27 and a 200 day moving average of $86.90. The company has a market cap of $15.10 billion, a price-to-earnings ratio of 15.79 and a beta of 1.71.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.50%. This is an increase from Tesoro Corporation’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Tuesday, August 29th. Tesoro Corporation’s dividend payout ratio is presently 78.29%.
In other news, CFO Steven Sterin acquired 1,150 shares of Tesoro Corporation stock in a transaction on Thursday, June 1st. The shares were bought at an average cost of $83.75 per share, for a total transaction of $96,312.50. Following the acquisition, the chief financial officer now directly owns 9,942 shares of the company’s stock, valued at approximately $832,642.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David Lilley acquired 500 shares of Tesoro Corporation stock in a transaction on Thursday, June 1st. The shares were purchased at an average price of $83.16 per share, for a total transaction of $41,580.00. Following the completion of the acquisition, the director now directly owns 15,134 shares in the company, valued at $1,258,543.44. The disclosure for this purchase can be found here. Corporate insiders own 0.86% of the company’s stock.
Tesoro Corporation Company Profile
Andeavor Corporation, 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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