Price Don’t Lie: How Analysts Feel About Tesoro Corporation After Today’s Huge Decline?

Price Don't Lie: How Analysts Feel About Tesoro Corporation After Today's Huge Decline?

The stock of Tesoro Corporation (NYSE:TSO) is a huge mover today! About 493,721 shares traded hands. Tesoro Corporation (NYSE:TSO) has declined 4.15% since March 4, 2016 and is downtrending. It has underperformed by 12.19% the S&P500.
The move comes after 8 months negative chart setup for the $9.29B company. It was reported on Oct, 7 by Barchart.com. We have $74.55 PT which if reached, will make NYSE:TSO worth $557.40 million less.

Analysts await Tesoro Corporation (NYSE:TSO) to report earnings on October, 26. They expect $1.68 earnings per share, down 74.07% or $4.80 from last year’s $6.48 per share. TSO’s profit will be $196.76M for 11.80 P/E if the $1.68 EPS becomes a reality. After $3.47 actual earnings per share 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. On Tuesday, August 23 the stock rating was initiated by Jefferies with “Buy”. Oppenheimer maintained the stock with “Outperform” rating in Monday, November 23 report. On Monday, November 2 the stock rating was maintained by Barclays Capital with “Overweight”. On Sunday, August 16 the stock rating was maintained by Scotia Capital with “Sector Perform”. The stock of Tesoro Corporation (NYSE:TSO) has “Sector Perform” rating given on Wednesday, February 3 by RBC Capital Markets. The rating was initiated by UBS with “Buy” on Thursday, May 19. The rating was downgraded by Deutsche Bank on Thursday, December 10 to “Hold”. The company was downgraded on Friday, August 14 by Howard Weil. The stock of Tesoro Corporation (NYSE:TSO) has “Sector Perform” rating given on Friday, August 7 by RBC Capital Markets. On Monday, July 11 the stock rating was upgraded by Howard Weil to “Outperform”.

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.
Manufacturers Life Ins The has 116,871 shares for 0.01% of their US portfolio. Meeder Asset Mngmt Incorporated has 8,820 shares for 0.06% of their US portfolio. Daiwa Secs Grp holds 2,800 shares or 0% of its portfolio. Sei Co, a Pennsylvania-based fund reported 33,119 shares. The Kansas-based Tortoise Capital Advisors Limited Liability Corp has invested 0.01% in Tesoro Corporation (NYSE:TSO). Everpoint Asset Mgmt Ltd Co reported 100,001 shares or 0.15% of all its holdings. Incline Global Ltd Liability has invested 6.84% of its portfolio in Tesoro Corporation (NYSE:TSO). Wellington Management Grp Limited Liability Partnership accumulated 35,918 shares or 0% of the stock. Next Fincl Grp Incorporated, a Texas-based fund reported 50 shares. Aberdeen Asset Mgmt Public Lc Uk holds 0.02% of its portfolio in Tesoro Corporation (NYSE:TSO) for 86,126 shares. Voya Invest Limited Liability Company holds 0.02% of its portfolio in Tesoro Corporation (NYSE:TSO) for 107,208 shares. New Mexico Educational Retirement Board owns 13,992 shares or 0.05% of their US portfolio. James Invest has 1.11% invested in the company for 585,398 shares. Sawgrass Asset Limited Liability Co last reported 2,700 shares in the company. Panagora Asset Management has 0.21% invested in the company for 573,915 shares.

Insider Transactions: Since May 9, 2016, the stock had 4 buys, and 2 sales for $11,317 net activity. LILLEY DAVID bought $77,870 worth of stock or 1,000 shares. $81,325 worth of shares were bought by Sterin Steven on Friday, August 26. 2,670 shares with value of $201,753 were sold by GOLDMAN ROBERT W on Monday, May 9. Another trade for 1,500 shares valued at $112,905 was made by GALANTE EDWARD G on Monday, May 9. On Monday, May 23 the insider Schofield Daryl R sold $212,800.

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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