The stock of Tesoro Corporation (NYSE:TSO) is a huge mover today! About 1.15M shares traded hands. Tesoro Corporation (NYSE:TSO) has declined 7.09% since March 15, 2016 and is downtrending. It has underperformed by 12.57% the S&P500.
The move comes after 7 months positive chart setup for the $9.54B company. It was reported on Oct, 18 by Barchart.com. We have $116.50 PT which if reached, will make NYSE:TSO worth $4.10 billion more.
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 $196.70M for 12.13 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 14 analysts covering Tesoro Corporation (NYSE:TSO), 12 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 86% are positive. Tesoro Corporation has been the topic of 32 analyst reports since July 24, 2015 according to StockzIntelligence Inc. maintained the stock with “Overweight” rating in Monday, October 10 report. The firm earned “Sector Perform” rating on Friday, August 7 by RBC Capital Markets. UBS initiated Tesoro Corporation (NYSE:TSO) on Thursday, May 19 with “Buy” rating. On Friday, August 14 the stock rating was downgraded by Howard Weil to “Sector Perform”. The stock has “Neutral” rating given by Credit Suisse on Wednesday, June 15. The company was downgraded on Thursday, December 10 by Deutsche Bank. The firm has “Buy” rating by Goldman Sachs given on Wednesday, June 29. RBC Capital Markets maintained Tesoro Corporation (NYSE:TSO) rating on Wednesday, February 3. RBC Capital Markets has “Sector Perform” rating and $97 price target. Cowen & Co maintained it with “Outperform” rating and $120 target price in Thursday, August 6 report. The rating was maintained by RBC Capital Markets with “Sector Perform” on Thursday, December 10.
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.
Conning Inc last reported 0.01% of its portfolio in the stock. Srb Corporation holds 0.02% or 1,833 shares in its portfolio. Utah Retirement Systems holds 21,785 shares or 0.04% of its portfolio. Proshare Advisors Ltd Llc last reported 0.03% of its portfolio in the stock. Glenmede Na has invested 0.05% of its portfolio in Tesoro Corporation (NYSE:TSO). Gemmer Asset Mgmt Limited Liability Corp last reported 15 shares in the company. Ls Investment Advisors Ltd Liability Com reported 4,500 shares or 0.02% of all its holdings. Moreover, Amica Pension Fund Board Of Trustees has 0.05% invested in Tesoro Corporation (NYSE:TSO) for 4,595 shares. Dimensional Fund Advsrs Ltd Partnership last reported 0.09% of its portfolio in the stock. Advisor Ltd Limited Liability Company owns 3,201 shares or 0.08% of their US portfolio. New York State Common Retirement Fund reported 510,763 shares or 0.06% of all its holdings. Old Mutual Glob Invsts (Uk) last reported 242,664 shares in the company. Moreover, Old Mutual Customised Solutions (Proprietary) Limited has 0.09% invested in Tesoro Corporation (NYSE:TSO) for 4,900 shares. Sei Investments Communications holds 0.01% of its portfolio in Tesoro Corporation (NYSE:TSO) for 33,119 shares. Oregon Public Employees Retirement Fund holds 0.05% of its portfolio in Tesoro Corporation (NYSE:TSO) for 32,437 shares.
Insider Transactions: Since May 9, 2016, the stock had 4 insider buys, and 2 insider sales for $11,317 net activity. Sterin Steven also bought $81,325 worth of Tesoro Corporation (NYSE:TSO) on Friday, August 26. $112,905 worth of Tesoro Corporation (NYSE:TSO) was bought by GALANTE EDWARD G on Monday, May 9. GOLDMAN ROBERT W sold 2,670 shares worth $201,753. 2,660 shares were sold by Schofield Daryl R, worth $212,800 on Monday, May 23. 1,000 shares were bought by LILLEY DAVID, worth $77,870.
Another recent and important Tesoro Corporation (NYSE:TSO) news was published by Businesswire.com which published an article titled: “Aegion Subsidiary Receives Supplier of the Year Recognition from Tesoro …” on October 13, 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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