Tesoro Corporation (NYSE:TSO) Shares Bought by Capstone Asset Management Co.

Capstone Asset Management Co. boosted its stake in Tesoro Corporation (NYSE:TSO) by 192.5% during the second quarter, Holdings Channel reports. The firm owned 273,561 shares of the oil and gas company’s stock after buying an additional 180,040 shares during the period. Tesoro Corporation makes up about 0.7% of Capstone Asset Management Co.’s portfolio, making the stock its 11th largest position. Capstone Asset Management Co.’s holdings in Tesoro Corporation were worth $25,605,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Tesoro Corporation by 5.7% in the first quarter. Vanguard Group Inc. now owns 12,016,473 shares of the oil and gas company’s stock worth $974,056,000 after buying an additional 651,961 shares during the last quarter. BlackRock Inc. boosted its position in Tesoro Corporation by 2,273.3% in the first quarter. BlackRock Inc. now owns 8,913,506 shares of the oil and gas company’s stock worth $722,530,000 after buying an additional 8,537,930 shares during the last quarter. Boston Partners boosted its position in Tesoro Corporation by 42.4% in the first quarter. Boston Partners now owns 4,574,824 shares of the oil and gas company’s stock worth $370,835,000 after buying an additional 1,361,943 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Tesoro Corporation by 38.0% in the first quarter. Bank of New York Mellon Corp now owns 3,014,412 shares of the oil and gas company’s stock worth $244,346,000 after buying an additional 830,819 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Tesoro Corporation by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 2,257,982 shares of the oil and gas company’s stock worth $183,024,000 after buying an additional 14,154 shares during the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Tesoro Corporation (NYSE:TSO) traded down 0.15% during mid-day trading on Monday, reaching $96.12. 1,875,452 shares of the company were exchanged. The stock has a 50 day moving average of $87.60 and a 200-day moving average of $84.59. The stock has a market capitalization of $11.26 billion, a price-to-earnings ratio of 16.02 and a beta of 1.71. Tesoro Corporation has a one year low of $70.21 and a one year high of $96.59.

Tesoro Corporation (NYSE:TSO) last issued its quarterly earnings results on Monday, May 8th. The oil and gas company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.16. Tesoro Corporation had a net margin of 2.74% and a return on equity of 7.89%. The business had revenue of $6.64 billion for the quarter, compared to the consensus estimate of $6.46 billion. During the same quarter in the previous year, the firm earned $1.19 earnings per share. The company’s revenue for the quarter was up 30.1% on a year-over-year basis. On average, equities analysts expect that Tesoro Corporation will post $5.03 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Friday, May 19th were issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend was Wednesday, May 17th. Tesoro Corporation’s dividend payout ratio is currently 36.85%.

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A number of research firms have weighed in on TSO. US Capital Advisors reiterated a “buy” rating on shares of Tesoro Corporation in a research note on Monday, May 22nd. Credit Suisse Group boosted their target price on shares of Tesoro Corporation from $100.00 to $107.00 and gave the company a “neutral” rating in a research note on Tuesday, June 20th. TheStreet cut shares of Tesoro Corporation from a “b” rating to a “c+” rating in a research note on Thursday, May 11th. Zacks Investment Research upgraded shares of Tesoro Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, May 16th. Finally, Janney Montgomery Scott began coverage on shares of Tesoro Corporation in a research note on Monday, April 10th. They issued a “hold” rating and a $141.00 target price on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $107.69.

In other news, Director David Lilley purchased 500 shares of the stock in a transaction on Thursday, June 1st. The shares were acquired at an average price of $83.16 per share, with a total value of $41,580.00. Following the completion of the acquisition, the director now directly owns 15,134 shares of the company’s stock, valued at $1,258,543.44. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Steven Sterin purchased 1,150 shares of the stock in a transaction on Thursday, June 1st. The shares were purchased at an average cost of $83.75 per share, for a total transaction of $96,312.50. Following the acquisition, the chief financial officer now directly owns 9,942 shares of the company’s stock, valued at $832,642.50. The disclosure for this purchase can be found here. 0.86% of the stock is owned by insiders.

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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Institutional Ownership by Quarter for Tesoro Corporation (NYSE:TSO)

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