WINTON GROUP Ltd acquired a new position in Tesoro Corporation (NYSE:ANDV) during the third quarter, according to its most recent filing with the SEC. The firm acquired 6,663 shares of the oil and gas company’s stock, valued at approximately $687,000.
Several other hedge funds have also modified their holdings of the company. Bollard Group LLC purchased a new position in shares of Tesoro in the 3rd quarter valued at approximately $123,000. Edge Wealth Management LLC purchased a new position in Tesoro during the third quarter valued at $128,000. Bronfman E.L. Rothschild L.P. purchased a new position in Tesoro during the third quarter valued at $155,000. Robecosam AG purchased a new position in Tesoro during the third quarter valued at $166,000. Finally, TCI Wealth Advisors Inc. purchased a new position in Tesoro during the third quarter valued at $191,000. Hedge funds and other institutional investors own 79.23% of the company’s stock.
In related news, EVP Keith M. Casey sold 9,000 shares of Tesoro stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $103.60, for a total value of $932,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael E. Wiley sold 700 shares of Tesoro stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $106.24, for a total value of $74,368.00. Following the completion of the sale, the director now directly owns 41,850 shares of the company’s stock, valued at approximately $4,446,144. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.
Tesoro Corporation (NYSE:ANDV) opened at $107.74 on Thursday. The company has a quick ratio of 0.62, a current ratio of 1.47 and a debt-to-equity ratio of 0.61. Tesoro Corporation has a one year low of $75.11 and a one year high of $112.21. The firm has a market capitalization of $16,782.19, a price-to-earnings ratio of 20.85, a PEG ratio of 0.77 and a beta of 1.55.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend is Wednesday, November 29th. Tesoro’s payout ratio is currently 47.87%.
A number of research analysts have issued reports on ANDV shares. Evercore ISI upgraded Tesoro from an “in-line” rating to an “outperform” rating in a research note on Thursday, November 2nd. Zacks Investment Research upgraded Tesoro from a “hold” rating to a “strong-buy” rating and set a $118.00 price objective for the company in a research note on Tuesday, September 12th. Howard Weil cut Tesoro from a “sector outperform” rating to a “sector perform” rating and set a $112.00 price objective for the company. in a research note on Thursday, September 28th. J P Morgan Chase & Co reiterated an “overweight” rating and set a $121.00 price objective on shares of Tesoro in a research note on Friday, November 3rd. Finally, Royal Bank Of Canada lowered their price objective on Tesoro from $109.00 to $107.00 and set a “sector perform” rating for the company in a research note on Friday, November 10th. Seven equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $118.68.
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Andeavor, 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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