Shares of Tesoro Corporation (NYSE:ANDV) reached a new 52-week high during trading on Monday . The company traded as high as $102.42 and last traded at $102.42, with a volume of 587,309 shares trading hands. The stock had previously closed at $101.57.
A number of equities analysts recently weighed in on ANDV shares. UBS AG reaffirmed a “buy” rating and issued a $107.00 target price on shares of Tesoro Corporation in a research note on Tuesday, June 13th. Jefferies Group LLC set a $94.00 target price on shares of Tesoro Corporation and gave the stock a “buy” rating in a research note on Saturday, June 3rd. US Capital Advisors reaffirmed a “buy” rating on shares of Tesoro Corporation in a research note on Monday, May 22nd. TheStreet raised shares of Tesoro Corporation from a “c+” rating to a “b-” rating in a research note on Wednesday, June 7th. Finally, Scotiabank reaffirmed a “buy” rating and issued a $99.00 target price on shares of Tesoro Corporation in a research note on Thursday, June 8th. Four equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $109.00.
The firm has a market capitalization of $16.34 billion, a P/E ratio of 17.09 and a beta of 1.62. The company has a 50-day moving average price of $97.11 and a 200-day moving average price of $88.58.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.31%. This is a boost from Tesoro Corporation’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Tuesday, August 29th. Tesoro Corporation’s payout ratio is presently 83.99%.
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Tesoro Corporation Company Profile
Andeavor, formerly Tesoro Corporation, 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.
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