Clearbridge Investments LLC decreased its position in shares of Tesoro Logistics LP (NASDAQ:TLLP) by 6.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,116,439 shares of the oil and gas company’s stock after selling 75,000 shares during the period. Clearbridge Investments LLC owned approximately 1.03% of Tesoro Logistics worth $60,812,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the stock. FTB Advisors Inc. increased its stake in Tesoro Logistics by 78.3% in the first quarter. FTB Advisors Inc. now owns 1,849 shares of the oil and gas company’s stock worth $101,000 after buying an additional 812 shares during the last quarter. Hirtle Callaghan & Co LLC acquired a new stake in Tesoro Logistics during the first quarter worth about $120,000. Airain ltd acquired a new stake in Tesoro Logistics during the first quarter worth about $254,000. Searle & CO. acquired a new stake in Tesoro Logistics during the fourth quarter worth about $264,000. Finally, United Capital Financial Advisers LLC boosted its position in Tesoro Logistics by 7.0% in the fourth quarter. United Capital Financial Advisers LLC now owns 5,350 shares of the oil and gas company’s stock worth $272,000 after buying an additional 350 shares during the period.
Tesoro Logistics LP (NASDAQ:TLLP) opened at 54.10 on Tuesday. Tesoro Logistics LP has a 12 month low of $43.00 and a 12 month high of $60.14. The company has a 50 day moving average of $51.21 and a 200 day moving average of $53.53. The stock has a market capitalization of $5.84 billion and a price-to-earnings ratio of 30.84.
Tesoro Logistics (NASDAQ:TLLP) last posted its earnings results on Monday, May 8th. The oil and gas company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.63 by $0.12. The business had revenue of $420 million for the quarter, compared to analysts’ expectations of $348.74 million. Tesoro Logistics had a return on equity of 12.69% and a net margin of 21.90%. Tesoro Logistics’s revenue for the quarter was up 40.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.19 EPS. On average, equities analysts predict that Tesoro Logistics LP will post $2.68 EPS for the current year.
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A number of research firms have weighed in on TLLP. Scotiabank reiterated a “buy” rating and set a $63.00 price objective on shares of Tesoro Logistics in a research report on Thursday, April 27th. Zacks Investment Research cut shares of Tesoro Logistics from a “hold” rating to a “sell” rating in a report on Thursday, April 27th. Jefferies Group LLC dropped their target price on shares of Tesoro Logistics from $53.00 to $52.00 and set a “hold” rating on the stock in a report on Wednesday, April 19th. Barclays PLC reiterated an “overweight” rating and set a $65.00 target price on shares of Tesoro Logistics in a report on Friday, June 2nd. Finally, BidaskClub raised shares of Tesoro Logistics from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $58.75.
About Tesoro Logistics
Tesoro Logistics LP is a full-service logistics company operating in the western and mid-continent regions of the United States. The Company operates through three segments. Its Gathering segment consists of crude oil, natural gas and produced water gathering systems in the Bakken Region and Rockies Region.
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