Today: 60,186 Shares of Tesoro Corp. (TSO) are sold by Prudential Financial Inc.

Today: 60,186 Shares of Tesoro Corp. (TSO) are sold by Prudential Financial Inc.

Prudential Financial Inc. decreased its position in shares of Tesoro Corp. (NYSE:TSO) by 3.6% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,618,732 shares of the company’s stock after selling 60,186 shares during the period. Prudential Financial Inc. owned about 1.35% of Tesoro Corp. worth $128,786,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TSO. Signaturefd LLC boosted its position in shares of Tesoro Corp. by 1.4% in the second quarter. Signaturefd LLC now owns 1,351 shares of the company’s stock worth $101,000 after buying an additional 18 shares in the last quarter. Amica Retiree Medical Trust boosted its position in shares of Tesoro Corp. by 106.3% in the third quarter. Amica Retiree Medical Trust now owns 1,463 shares of the company’s stock worth $116,000 after buying an additional 754 shares in the last quarter. Advisor Group Inc. purchased a new position in shares of Tesoro Corp. during the second quarter worth about $118,000. Daiwa SB Investments Ltd. boosted its position in shares of Tesoro Corp. by 8.0% in the second quarter. Daiwa SB Investments Ltd. now owns 1,620 shares of the company’s stock worth $122,000 after buying an additional 120 shares in the last quarter. Finally, Evercore Wealth Management LLC boosted its position in shares of Tesoro Corp. by 96.8% in the second quarter. Evercore Wealth Management LLC now owns 1,671 shares of the company’s stock worth $125,000 after buying an additional 822 shares in the last quarter. Hedge funds and other institutional investors own 85.56% of the company’s stock.

Shares of Tesoro Corp. (NYSE:TSO) opened at 85.61 on Monday. Tesoro Corp. has a 52-week low of $67.80 and a 52-week high of $118.26. The company has a market capitalization of $10.12 billion, a price-to-earnings ratio of 14.53 and a beta of 1.77. The firm’s 50-day moving average is $82.84 and its 200 day moving average is $78.61.

Tesoro Corp. (NYSE:TSO) last released its quarterly earnings results on Monday, October 31st. The company reported $1.43 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.43. Tesoro Corp. had a net margin of 2.93% and a return on equity of 11.99%. The firm earned $6.54 billion during the quarter, compared to analyst estimates of $6.82 billion. During the same quarter last year, the business earned $6.13 EPS. The company’s revenue was down 15.5% compared to the same quarter last year. On average, equities research analysts anticipate that Tesoro Corp. will post $5.01 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th will be issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Monday, November 28th. This represents a $2.20 annualized dividend and a yield of 2.54%. Tesoro Corp.’s payout ratio is 37.23%.

A number of brokerages recently issued reports on TSO. Credit Suisse Group AG restated a “buy” rating and set a $100.00 price objective on shares of Tesoro Corp. in a report on Tuesday, November 8th. Jefferies Group set a $98.00 price objective on shares of Tesoro Corp. and gave the company a “buy” rating in a report on Saturday, October 15th. Citigroup Inc. boosted their price objective on shares of Tesoro Corp. from $92.00 to $102.00 and gave the company a “buy” rating in a report on Wednesday, October 19th. Wells Fargo & Co. restated a “hold” rating on shares of Tesoro Corp. in a report on Saturday, August 6th. Finally, Piper Jaffray Cos. boosted their price objective on shares of Tesoro Corp. from $82.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, September 16th. Six research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $99.38.

Tesoro Corp. Company Profile

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