GSA Capital Partners LLP cut its stake in Tesoro Logistics LP (NASDAQ:TLLP) by 62.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,064 shares of the company’s stock after selling 14,955 shares during the period. GSA Capital Partners LLP’s holdings in Tesoro Logistics were worth $461,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Pointe Capital Management LLC increased its stake in shares of Tesoro Logistics by 0.3% in the third quarter. Pointe Capital Management LLC now owns 9,451 shares of the company’s stock valued at $458,000 after buying an additional 25 shares during the last quarter. Wade G W & Inc. increased its stake in shares of Tesoro Logistics by 2.0% in the third quarter. Wade G W & Inc. now owns 7,091 shares of the company’s stock valued at $343,000 after buying an additional 138 shares during the last quarter. IndexIQ Advisors LLC increased its stake in shares of Tesoro Logistics by 6.0% in the third quarter. IndexIQ Advisors LLC now owns 2,835 shares of the company’s stock valued at $137,000 after buying an additional 161 shares during the last quarter. CENTRAL TRUST Co increased its stake 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 valued at $110,000 after buying an additional 219 shares during the last quarter. Finally, Chicago Partners Investment Group LLC increased its stake in shares of Tesoro Logistics by 1.1% in the third quarter. Chicago Partners Investment Group LLC now owns 35,626 shares of the company’s stock valued at $1,726,000 after buying an additional 375 shares during the last quarter.
Tesoro Logistics LP (NASDAQ:TLLP) opened at 52.50 on Tuesday. The firm’s 50-day moving average price is $56.71 and its 200 day moving average price is $50.54. Tesoro Logistics LP has a 12-month low of $41.22 and a 12-month high of $60.14. The stock has a market capitalization of $5.41 billion and a P/E ratio of 28.07.
Tesoro Logistics (NASDAQ:TLLP) last posted its quarterly earnings data on Monday, February 6th. The company reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.25. The business earned $319 million during the quarter, compared to the consensus estimate of $319.77 million. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.58 EPS. On average, equities analysts anticipate that Tesoro Logistics LP will post $2.97 EPS for the current year.
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Several brokerages have recently weighed in on TLLP. SunTrust Banks, Inc. began coverage on Tesoro Logistics in a report on Monday. They issued a “buy” rating and a $62.00 price target on the stock. Scotiabank set a $63.00 price target on Tesoro Logistics and gave the stock a “buy” rating in a report on Monday, February 6th. Morgan Stanley upgraded Tesoro Logistics from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $55.00 to $59.00 in a report on Friday, January 6th. Zacks Investment Research downgraded Tesoro Logistics from a “buy” rating to a “hold” rating in a report on Saturday, February 11th. Finally, Mizuho downgraded Tesoro Logistics from a “buy” rating to a “neutral” rating and set a $59.00 price target on the stock. in a report on Wednesday, February 8th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Tesoro Logistics currently has an average rating of “Buy” and a consensus price target of $58.56.
About Tesoro Logistics
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.
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