Homrich & Berg purchased a new position in shares of Tesoro Logistics LP (NASDAQ:TLLP) during the third quarter, Holdings Channel reports. The firm purchased 4,420 shares of the company’s stock, valued at approximately $214,000.
Several other large investors also recently added to or reduced their stakes in the stock. Creative Planning bought a new stake in Tesoro Logistics during the third quarter worth approximately $121,000. Advisor Consultant Network Inc. acquired a new position in shares of Tesoro Logistics during the third quarter worth about $487,000. Spirit of America Management Corp NY increased its position in shares of Tesoro Logistics by 0.9% in the third quarter. Spirit of America Management Corp NY now owns 221,057 shares of the company’s stock worth $10,708,000 after buying an additional 2,000 shares in the last quarter. Evergreen Capital Management LLC acquired a new position in shares of Tesoro Logistics during the third quarter worth about $319,000. Finally, CENTRAL TRUST Co increased 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 in the last quarter.
Shares of Tesoro Logistics LP (NASDAQ:TLLP) traded down 0.42% during mid-day trading on Friday, reaching $47.26. The company’s stock had a trading volume of 64,739 shares. The company has a market cap of $4.83 billion and a P/E ratio of 22.82. The company has a 50-day moving average of $46.27 and a 200-day moving average of $47.48. Tesoro Logistics LP has a 12 month low of $35.18 and a 12 month high of $51.83.
Tesoro Logistics (NASDAQ:TLLP) last announced its quarterly earnings data on Monday, October 31st. The company reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.63 by $0.17. The firm earned $6.54 billion during the quarter, compared to analysts’ expectations of $7.74 billion. During the same quarter in the prior year, the business earned $0.60 earnings per share. Equities research analysts forecast that Tesoro Logistics LP will post $2.15 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, November 14th. Stockholders of record on Friday, November 4th were paid a dividend of $0.875 per share. This is a boost from Tesoro Logistics’s previous quarterly dividend of $0.84. This represents a $3.50 dividend on an annualized basis and a dividend yield of 7.37%. The ex-dividend date of this dividend was Wednesday, November 2nd.
A number of research analysts have recently issued reports on the company. Jefferies Group set a $49.00 price objective on Tesoro Logistics and gave the company a “hold” rating in a research note on Saturday, October 15th. Deutsche Bank AG set a $54.00 price objective on Tesoro Logistics and gave the company a “buy” rating in a research note on Monday, October 10th. Mizuho dropped their price objective on Tesoro Logistics from $58.00 to $56.00 and set a “buy” rating on the stock in a research note on Thursday, November 3rd. Finally, Zacks Investment Research downgraded Tesoro Logistics from a “hold” rating to a “sell” rating in a research note on Tuesday, October 11th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $56.00.
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.