Tesoro Logistics LP (NASDAQ:TLLP) has been assigned an average broker rating score of 1.50 (Buy) from the twelve brokers that provide coverage for the stock, Zacks Investment Research reports. Three analysts have rated the stock with a hold rating and nine have given a strong buy rating to the company. Tesoro Logistics’ rating score has improved by 6.3% from 90 days ago as a result of various analysts’ ratings changes.
Analysts have set a twelve-month consensus price objective of $55.30 for the company and are anticipating that the company will post $0.64 EPS for the current quarter, according to Zacks. Zacks has also given Tesoro Logistics an industry rank of 102 out of 265 based on the ratings given to related companies.
A number of equities analysts have recently commented on TLLP shares. Jefferies Group started coverage on shares of Tesoro Logistics in a research report on Tuesday, August 23rd. They issued a “hold” rating and a $49.00 price target on the stock. Mizuho started coverage on shares of Tesoro Logistics in a research report on Thursday, September 29th. They issued a “buy” rating and a $58.00 price target on the stock. Zacks Investment Research lowered shares of Tesoro Logistics from a “hold” rating to a “sell” rating in a research report on Tuesday, October 11th. Finally, Deutsche Bank AG set a $54.00 target price on shares of Tesoro Logistics and gave the stock a “buy” rating in a research report on Monday, October 10th.
Shares of Tesoro Logistics (NASDAQ:TLLP) opened at 47.28 on Monday. Tesoro Logistics has a 12-month low of $35.18 and a 12-month high of $51.83. The company has a 50 day moving average of $46.23 and a 200-day moving average of $47.47. The firm has a market cap of $4.83 billion and a PE ratio of 22.83.
Tesoro Logistics (NASDAQ:TLLP) last released its quarterly earnings results on Monday, October 31st. The company reported $0.46 EPS for the quarter, missing the Zacks’ consensus estimate of $0.63 by $0.17. The firm had revenue of $6.54 billion for the quarter, compared to the consensus estimate of $7.74 billion. During the same quarter last year, the company posted $0.60 earnings per share. Equities research analysts forecast that Tesoro Logistics will post $2.15 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, November 14th. Investors of record on Friday, November 4th were given a dividend of $0.875 per share. The ex-dividend date of this dividend was Wednesday, November 2nd. This represents a $3.50 dividend on an annualized basis and a yield of 7.40%. This is a positive change from Tesoro Logistics’s previous quarterly dividend of $0.84.
A number of institutional investors have recently made changes to their positions in TLLP. CENTRAL TRUST Co raised its position in shares of Tesoro Logistics by 10.6% in the third quarter. CENTRAL TRUST Co now owns 2,276 shares of the company’s stock worth $110,000 after buying an additional 219 shares during the period. Creative Planning acquired a new stake in Tesoro Logistics during the third quarter worth $121,000. The Manufacturers Life Insurance Company acquired a new stake in Tesoro Logistics during the third quarter worth $127,000. IndexIQ Advisors LLC increased its stake in Tesoro Logistics by 6.0% in the third quarter. IndexIQ Advisors LLC now owns 2,835 shares of the company’s stock worth $137,000 after buying an additional 161 shares in the last quarter. Finally, Tower Research Capital LLC TRC acquired a new stake in Tesoro Logistics during the third quarter worth $205,000.
Tesoro Logistics Company Profile
Tesoro Logistics LP (TLLP) owns, operates, develops and acquires logistics assets. TLLP is a logistics company operating primarily in the western and mid-continent regions of the United States. The Company operates through three segments: Gathering, Processing, and Terminalling and Transportation. Its gathering systems include crude oil and natural gas pipeline gathering systems in the Bakken Shale/Williston Basin area of North Dakota and Montana and the Green River Basin, Uinta Basin and Vermillion Basin in the states of Utah, Colorado and Wyoming.