Tesoro Corporation (NYSE:ANDV) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $107.03 and last traded at $106.99, with a volume of 594,949 shares changing hands. The stock had previously closed at $105.99.
ANDV has been the subject of a number of research analyst reports. UBS AG reaffirmed a “buy” rating and set a $107.00 price objective on shares of Tesoro Corporation in a report on Tuesday, June 13th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $121.00 price objective on shares of Tesoro Corporation in a report on Tuesday, June 13th. Scotiabank set a $99.00 price objective on shares of Tesoro Corporation and gave the company a “buy” rating in a report on Tuesday, July 11th. Citigroup Inc. increased their target price on Tesoro Corporation from $104.00 to $109.00 and gave the company a “buy” rating in a research report on Monday, July 17th. Finally, BidaskClub downgraded Tesoro Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Four equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $109.00.
The stock has a 50 day moving average price of $101.90 and a 200 day moving average price of $91.74. The company has a market capitalization of $17.01 billion, a P/E ratio of 17.78 and a beta of 1.61.
The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were issued a $0.59 dividend. This is a boost from Tesoro Corporation’s previous quarterly dividend of $0.55. This represents a $2.36 annualized dividend and a yield of 2.22%. The ex-dividend date was Tuesday, August 29th. Tesoro Corporation’s dividend payout ratio is presently 83.99%.
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About Tesoro Corporation
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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