KBC Group NV decreased its position in shares of Tesoro Corporation (NYSE:TSO) by 33.2% during the first quarter, Holdings Channel reports. The firm owned 9,923 shares of the oil and gas company’s stock after selling 4,921 shares during the period. KBC Group NV’s holdings in Tesoro Corporation were worth $804,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the stock. CENTRAL TRUST Co increased its stake in shares of Tesoro Corporation by 0.9% in the first quarter. CENTRAL TRUST Co now owns 1,483 shares of the oil and gas company’s stock worth $120,000 after buying an additional 13 shares during the period. Pacer Advisors Inc. increased its stake in shares of Tesoro Corporation by 3.1% in the first quarter. Pacer Advisors Inc. now owns 2,420 shares of the oil and gas company’s stock worth $196,000 after buying an additional 73 shares during the period. Vident Investment Advisory LLC increased its stake in shares of Tesoro Corporation by 0.3% in the fourth quarter. Vident Investment Advisory LLC now owns 31,249 shares of the oil and gas company’s stock worth $2,733,000 after buying an additional 86 shares during the period. Savant Capital LLC increased its stake in shares of Tesoro Corporation by 1.2% in the first quarter. Savant Capital LLC now owns 8,770 shares of the oil and gas company’s stock worth $711,000 after buying an additional 100 shares during the period. Finally, Meiji Yasuda Life Insurance Co increased its stake in shares of Tesoro Corporation by 2.9% in the first quarter. Meiji Yasuda Life Insurance Co now owns 3,590 shares of the oil and gas company’s stock worth $291,000 after buying an additional 100 shares during the period. Institutional investors own 91.92% of the company’s stock.
Tesoro Corporation (NYSE TSO) opened at 92.43 on Friday. The firm has a market capitalization of $10.82 billion, a P/E ratio of 15.41 and a beta of 1.76. The stock has a 50 day moving average of $84.54 and a 200-day moving average of $84.21. Tesoro Corporation has a 1-year low of $69.49 and a 1-year high of $94.32.
Tesoro Corporation (NYSE:TSO) last announced its quarterly earnings results on Monday, May 8th. The oil and gas company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.16. The company had revenue of $6.64 billion for the quarter, compared to analysts’ expectations of $6.46 billion. Tesoro Corporation had a net margin of 2.74% and a return on equity of 7.89%. The business’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same period last year, the firm posted $1.19 earnings per share. On average, equities research analysts anticipate that Tesoro Corporation will post $5.09 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Friday, May 19th were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Wednesday, May 17th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.38%. Tesoro Corporation’s payout ratio is 36.85%.
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A number of brokerages have recently commented on TSO. Royal Bank Of Canada reiterated a “hold” rating and set a $98.00 price objective on shares of Tesoro Corporation in a research report on Thursday, April 27th. Jefferies Group LLC set a $94.00 price objective on Tesoro Corporation and gave the company a “buy” rating in a research report on Saturday, June 3rd. Scotiabank reiterated a “buy” rating and set a $91.00 price objective on shares of Tesoro Corporation in a research report on Monday, March 27th. BidaskClub upgraded Tesoro Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 9th. Finally, Zacks Investment Research upgraded Tesoro Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, May 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $106.47.
In related news, CFO Steven Sterin acquired 1,150 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The shares were acquired at an average cost of $83.75 per share, for a total transaction of $96,312.50. Following the completion of the acquisition, the chief financial officer now directly owns 9,942 shares in the company, valued at approximately $832,642.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David Lilley acquired 500 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The shares were bought at an average price of $83.16 per share, for a total transaction of $41,580.00. Following the completion of the acquisition, the director now owns 15,134 shares of the company’s stock, valued at $1,258,543.44. The disclosure for this purchase can be found here. Company insiders own 0.86% of the company’s stock.
Tesoro Corporation Company Profile
Tesoro Corporation (Tesoro) 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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