The stock of Tesoro Corporation (NYSE:TSO) is a huge mover today! About 944,716 shares traded hands. Tesoro Corporation (NYSE:TSO) has declined 5.01% since March 1, 2016 and is downtrending. It has underperformed by 14.25% the S&P500.
The move comes after 6 months positive chart setup for the $9.56B company. It was reported on Oct, 4 by Barchart.com. We have $96.71 PT which if reached, will make NYSE:TSO worth $1.91 billion more.
Analysts await Tesoro Corporation (NYSE:TSO) to report earnings on October, 26. They expect $1.68 EPS, down 74.07% or $4.80 from last year’s $6.48 per share. TSO’s profit will be $199.29M for 11.99 P/E if the $1.68 EPS becomes a reality. After $3.47 actual EPS reported by Tesoro Corporation for the previous quarter, Wall Street now forecasts -51.59% negative EPS growth.
Tesoro Corporation (NYSE:TSO) Ratings Coverage
Out of 13 analysts covering Tesoro Corporation (NYSE:TSO), 10 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 77% are positive. Tesoro Corporation has been the topic of 30 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Thursday, August 6 by Cowen & Co. UBS initiated the shares of TSO in a report on Thursday, May 19 with “Buy” rating. Macquarie Research initiated the shares of TSO in a report on Friday, July 24 with “Outperform” rating. RBC Capital Markets maintained it with “Sector Perform” rating and $97 target price in Wednesday, February 3 report. The stock of Tesoro Corporation (NYSE:TSO) earned “Hold” rating by Deutsche Bank on Thursday, December 10. The stock of Tesoro Corporation (NYSE:TSO) has “Buy” rating given on Tuesday, August 23 by Jefferies. As per Friday, August 7, the company rating was maintained by RBC Capital Markets. The stock has “Buy” rating given by Citigroup on Tuesday, July 19. Bank of America maintained Tesoro Corporation (NYSE:TSO) on Wednesday, February 3 with “Overweight” rating. Citigroup maintained the shares of TSO in a report on Wednesday, October 21 with “Neutral” rating.
According to Zacks Investment Research, “Tesoro was founded in 1968 as a company primarily engaged in petroleum exploration and production. In 1969, Tesoro began operating Alaska’s first refinery near Kenai. Today, Tesoro is a FORTUNE 500 company and one of the largest independent petroleum refiners and marketers in the Western United States.”
Insitutional Activity: The institutional sentiment is 0.86 in 2016 Q2. Its the same as in 2016Q1. The ratio is without change, as 68 funds sold all Tesoro Corporation shares owned while 169 reduced positions. only 46 funds bought stakes while 158 increased positions. They now own 103.81 million shares or 6.40% less from 110.92 million shares in 2016Q1.
Pacad Invest Limited has 0.29% invested in the company for 28,028 shares. Moreover, Cypress Group has 0.1% invested in Tesoro Corporation (NYSE:TSO) for 5,797 shares. Hutchin Hill Capital L P holds 14,900 shares or 0.04% of its portfolio. Cibc Asset reported 11,798 shares or 0.01% of all its holdings. Arizona State Retirement System holds 0.03% or 29,410 shares in its portfolio. Vanguard Gru has invested 0.06% of its portfolio in Tesoro Corporation (NYSE:TSO). Herndon Ltd Liability Corp holds 0.68% of its portfolio in Tesoro Corporation (NYSE:TSO) for 238,610 shares. The Colorado-based Advsrs Asset Mngmt Incorporated has invested 0.09% in Tesoro Corporation (NYSE:TSO). M&T Bancorp holds 14,123 shares or 0.01% of its portfolio. Allianz Asset Management Ag has 0.03% invested in the company for 685,155 shares. Strs Ohio, a Ohio-based fund reported 308,127 shares. Omers Administration has 98,600 shares for 0.15% of their US portfolio. Third Point Limited Liability holds 0.46% of its portfolio in Tesoro Corporation (NYSE:TSO) for 650,000 shares. Bancorp Of Nova Scotia holds 20,500 shares or 0.01% of its portfolio. The Missouri-based Country Club Na has invested 0.1% in Tesoro Corporation (NYSE:TSO).
Insider Transactions: Since May 9, 2016, the stock had 4 insider buys, and 2 insider sales for $11,317 net activity. $77,870 worth of Tesoro Corporation (NYSE:TSO) was bought by LILLEY DAVID. GOLDMAN ROBERT W had sold 2,670 shares worth $201,753. $153,770 worth of Tesoro Corporation (NYSE:TSO) shares were bought by Sterin Steven. $112,905 worth of Tesoro Corporation (NYSE:TSO) was bought by GALANTE EDWARD G on Monday, May 9. Shares for $212,800 were sold by Schofield Daryl R.
Another recent and important Tesoro Corporation (NYSE:TSO) news was published by Seekingalpha.com which published an article titled: “Tesoro Makes A Far-Sighted Acquisition With Its Virent Deal” on September 19, 2016.
TSO Company Profile
Tesoro Corporation (Tesoro), incorporated on December 26, 1968, is an independent petroleum refining and marketing company. The Firm operates through three business divisions: Refining operating segment (Refining), which owns and operates refineries, and refines crude oil and other feedstocks into transportation fuels; TLLP, a publicly traded limited partnership, which includes certain natural gas and crude oil gathering assets, natural gas processing and crude oil and refined products terminaling, and transportation and storage assets, and marketing segment (Marketing), which sells transportation fuels. The Company’s Refining segment owns and operates approximately six petroleum refineries with a combined crude oil capacity of over 850 thousand barrels per day (Mbpd). TLLP’s business operates in three divisions: Gathering, Processing, and Terminalling and Transportation. The Marketing segment sells transportation fuels in approximately 20 states through a network of approximately 2,270 retail stations.
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