The Tesoro Corporation (TSO) Shares Sold by Teacher Retirement System of Texas

//The Tesoro Corporation (TSO) Shares Sold by Teacher Retirement System of Texas

The Tesoro Corporation (TSO) Shares Sold by Teacher Retirement System of Texas

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Several other large investors have also recently added to or reduced their stakes in the stock. Trexquant Investment LP increased its stake in Tesoro Corporation by 234.0% in the fourth quarter. Trexquant Investment LP now owns 15,700 shares of the oil and gas company’s stock valued at $1,373,000 after buying an additional 11,000 shares in the last quarter. Keybank National Association OH purchased a new stake in Tesoro Corporation during the fourth quarter valued at approximately $204,000. O Shaughnessy Asset Management LLC increased its stake in Tesoro Corporation by 0.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 64,977 shares of the oil and gas company’s stock valued at $5,682,000 after buying an additional 202 shares in the last quarter. Federated Investors Inc. PA increased its stake in Tesoro Corporation by 102.3% in the fourth quarter. Federated Investors Inc. PA now owns 236,744 shares of the oil and gas company’s stock valued at $20,702,000 after buying an additional 119,718 shares in the last quarter. Finally, Baird Financial Group Inc. increased its stake in Tesoro Corporation by 35.6% in the fourth quarter. Baird Financial Group Inc. now owns 29,694 shares of the oil and gas company’s stock valued at $2,597,000 after buying an additional 7,799 shares in the last quarter. Hedge funds and other institutional investors own 91.92% of the company’s stock.

Teacher Retirement System of Texas lowered its stake in shares of Tesoro Corporation (NYSE:TSO) by 17.8% during the first quarter, Holdings Channel reports. The institutional investor owned 37,198 shares of the oil and gas company’s stock after selling 8,040 shares during the period. Teacher Retirement System of Texas’ holdings in Tesoro Corporation were worth $3,015,000 as of its most recent filing with the SEC.

Shares of Tesoro Corporation (NYSE TSO) traded up 3.087% during mid-day trading on Tuesday, hitting $94.005. The company’s stock had a trading volume of 1,571,335 shares. The company has a market cap of $11.01 billion, a price-to-earnings ratio of 15.670 and a beta of 1.76. Tesoro Corporation has a 52-week low of $69.49 and a 52-week high of $94.07. The stock’s 50 day moving average price is $83.12 and its 200 day moving average price is $83.98.

Tesoro Corporation (NYSE:TSO) last released its quarterly earnings results on Monday, May 8th. The oil and gas company reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.16. The firm had revenue of $6.64 billion for the quarter, compared to the consensus estimate of $6.46 billion. Tesoro Corporation had a return on equity of 7.89% and a net margin of 2.74%. The company’s revenue for the quarter was up 30.1% on a year-over-year basis. During the same period last year, the business posted $1.19 EPS. Equities analysts forecast that Tesoro Corporation will post $5.09 EPS for the current year.

Several research firms have recently commented on TSO. Goldman Sachs Group, Inc. (The) restated a “conviction-buy” rating and set a $121.00 price objective on shares of Tesoro Corporation in a report on Tuesday. TheStreet raised Tesoro Corporation from a “c+” rating to a “b-” rating in a research report on Wednesday, June 7th. BidaskClub raised Tesoro Corporation from a “hold” rating to a “buy” rating in a research report on Friday. Scotiabank reaffirmed a “buy” rating and set a $99.00 target price on shares of Tesoro Corporation in a research report on Thursday, June 8th. Finally, Cowen and Company reaffirmed an “outperform” rating and set a $120.00 target price on shares of Tesoro Corporation in a research report on Monday, June 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $106.47. In other news, CFO Steven Sterin purchased 1,150 shares of the company’s stock in a transaction dated 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 purchase, the chief financial officer now directly owns 9,942 shares in the company, valued at approximately $832,642.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David Lilley purchased 500 shares of the company’s stock in a transaction dated Thursday, June 1st. The stock was purchased at an average price of $83.16 per share, for a total transaction of $41,580.00. Following the completion of the purchase, the director now owns 15,134 shares in the company, 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.

About Tesoro Corporation 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TSO”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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2017-12-10T21:38:58+00:00