Tesoro Corporation (ANDV) Director Michael E. Wiley Sells 700 Shares of Stock

Tesoro Corporation (NYSE:ANDV) Director Michael E. Wiley sold 700 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $106.24, for a total transaction of $74,368.00. Following the sale, the director now directly owns 41,850 shares in the company, valued at approximately $4,446,144. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Tesoro Corporation (NYSE:ANDV) traded up $0.55 during trading on Friday, hitting $105.34. 583,830 shares of the stock traded hands, compared to its average volume of 1,980,131. The company has a market capitalization of $16,350.00, a PE ratio of 20.48, a P/E/G ratio of 0.76 and a beta of 1.56. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.62 and a current ratio of 1.47. Tesoro Corporation has a 52-week low of $75.11 and a 52-week high of $112.21.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.24%. The ex-dividend date is Wednesday, November 29th. Tesoro Corporation’s payout ratio is currently 48.36%.

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ANDV has been the topic of a number of research reports. BidaskClub downgraded shares of Tesoro Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Morgan Stanley initiated coverage on shares of Tesoro Corporation in a report on Wednesday, August 2nd. They issued an “overweight” rating on the stock. Zacks Investment Research raised shares of Tesoro Corporation from a “hold” rating to a “strong-buy” rating and set a $118.00 price objective on the stock in a report on Tuesday, September 12th. Howard Weil downgraded shares of Tesoro Corporation from a “sector outperform” rating to a “sector perform” rating and set a $112.00 price objective on the stock. in a report on Thursday, September 28th. Finally, Cowen and Company reissued a “buy” rating and issued a $120.00 price objective on shares of Tesoro Corporation in a report on Thursday, September 28th. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $117.21.

Several institutional investors have recently added to or reduced their stakes in ANDV. Boston Partners bought a new stake in shares of Tesoro Corporation during the third quarter valued at approximately $773,141,000. Bank of New York Mellon Corp bought a new stake in shares of Tesoro Corporation during the third quarter valued at approximately $403,103,000. Dimensional Fund Advisors LP bought a new stake in shares of Tesoro Corporation during the third quarter valued at approximately $333,346,000. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Tesoro Corporation during the third quarter valued at approximately $214,005,000. Finally, Prudential Financial Inc. bought a new stake in shares of Tesoro Corporation during the third quarter valued at approximately $150,513,000. Hedge funds and other institutional investors own 78.37% of the company’s stock.

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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