Price Action To Observe: Could Tesoro Logistics LP Change Direction After Today’s Big Decline?

Price Action To Observe: Could Tesoro Logistics LP Change Direction After Today's Big Decline?

The stock of Tesoro Logistics LP (NYSE:TLLP) is a huge mover today! About 309,119 shares traded hands. Tesoro Logistics LP (NYSE:TLLP) has risen 5.74% since March 11, 2016 and is uptrending. It has outperformed by 0.29% the S&P500.
The move comes after 9 months negative chart setup for the $4.70B company. It was reported on Oct, 14 by We have $43.42 PT which if reached, will make NYSE:TLLP worth $235.00 million less.

Analysts await Tesoro Logistics LP (NYSE:TLLP) to report earnings on October, 26. They expect $0.63 earnings per share, up 1.61% or $0.01 from last year’s $0.62 per share. TLLP’s profit will be $64.78M for 18.14 P/E if the $0.63 EPS becomes a reality. After $0.48 actual earnings per share reported by Tesoro Logistics LP for the previous quarter, Wall Street now forecasts 31.25% EPS growth.

Tesoro Logistics LP (NYSE:TLLP) Ratings Coverage

Out of 8 analysts covering Tesoro Logistics LP (NYSE:TLLP), 6 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 75% are positive. Tesoro Logistics LP has been the topic of 13 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The stock has “Overweight” rating given by Barclays Capital on Friday, August 7. As per Tuesday, August 23, the company rating was initiated by Jefferies. The firm has “Overweight” rating given on Tuesday, March 15 by JP Morgan. The company was maintained on Monday, October 10 by . Oppenheimer maintained it with “Outperform” rating and $59 target price in Friday, August 7 report. On Thursday, October 22 the stock rating was initiated by Seaport Global Securities with “Accumulate”. The firm earned “Overweight” rating on Monday, May 16 by JP Morgan. The rating was initiated by Mizuho with “Buy” on Friday, September 30. Credit Suisse downgraded the stock to “Neutral” rating in Tuesday, October 13 report. Credit Suisse initiated it with “Neutral” rating and $69 target price in Monday, October 26 report.

According to Zacks Investment Research, “Tesoro Logistics LP is a limited partnership formed to own, operate, develop and acquire crude oil and refined products logistics assets. The Company’s logistics assets are used to gather, transport and store crude oil and to distribute, transport and store refined products. Tesoro Logistics operates its business through two business segments: Crude Oil Gathering and Terminalling, Transportation and Storage.”

Insitutional Activity: The institutional sentiment increased to 1.2 in 2016 Q2. Its up 0.17, from 1.03 in 2016Q1. The ratio improved, as 14 funds sold all Tesoro Logistics LP shares owned while 42 reduced positions. 17 funds bought stakes while 50 increased positions. They now own 56.81 million shares or 2.09% more from 55.64 million shares in 2016Q1.
Liberty Mutual Grp Inc Asset owns 79,283 shares or 0.14% of their US portfolio. Utd Cap Advisers Ltd Limited Liability Company reported 5,000 shares or 0% of all its holdings. Millennium Mngmt Ltd Com owns 15,500 shares or 0% of their US portfolio. Pinnacle Llc has invested 0% of its portfolio in Tesoro Logistics LP (NYSE:TLLP). Eagle Glob Ltd Liability last reported 1.86M shares in the company. Salient Advisors Llc accumulated 82,821 shares or 0.09% of the stock. Invesco Limited accumulated 0% or 58,143 shares. Mai Cap Mgmt has 0.27% invested in the company for 70,399 shares. Moreover, Highland Capital Mgmt Limited Partnership has 0.1% invested in Tesoro Logistics LP (NYSE:TLLP) for 50,325 shares. Jpmorgan Chase And owns 1.12M shares or 0.01% of their US portfolio. Blair William And Il accumulated 25,355 shares or 0.01% of the stock. First Republic Inv Management last reported 0.02% of its portfolio in the stock. Northern Trust reported 84,601 shares or 0% of all its holdings. Citigroup Inc holds 0.03% of its portfolio in Tesoro Logistics LP (NYSE:TLLP) for 603,471 shares. Blackrock Investment Ltd Liability Corporation owns 13,553 shares or 0% of their US portfolio.

Insider Transactions: Since August 26, 2016, the stock had 1 insider purchase, and 0 insider sales for $75,747 net activity. Sterin Steven had bought 1,600 shares worth $75,747 on Friday, August 26.

More news for Tesoro Logistics LP (NYSE:TLLP) were recently published by:, which released: “Moody’s rates Tesoro Logistics’s new notes Ba3” on May 09, 2016.‘s article titled: “Tesoro Logistics LP: Investors’ Recent Worries About This Logistics MLP Are …” and published on August 15, 2016 is yet another important article.

TLLP Company Profile

Tesoro Logistics LP (TLLP), incorporated on December 3, 2010, owns, operates, develops and acquires logistics assets. TLLP is a logistics firm operating primarily in the western and mid-continent regions of the United States. The Firm operates through three divisions: Gathering, Processing, and Terminalling and Transportation. The Firm owns and operates networks of over 3,500 miles of crude oil, refined products and natural gas pipelines and over 25 crude oil and refined products truck and marine terminals that have over 15 million barrels of storage capacity. In addition, the Company owns and operates approximately four natural gas processing complexes and over one fractionation facility.

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