Several other research firms have also weighed in on ANDX. Morgan Stanley assumed coverage on shares of Tesoro Logistics in a report on Wednesday, August 2nd. They issued an overweight rating on the stock. BidaskClub lowered shares of Tesoro Logistics from a sell rating to a strong sell rating in a report on Saturday, October 21st. Mizuho reiterated a hold rating and issued a $56.00 target price on shares of Tesoro Logistics in a report on Friday, October 20th. Zacks Investment Research lowered shares of Tesoro Logistics from a hold rating to a sell rating in a report on Wednesday, October 18th. Finally, Barclays PLC reiterated an overweight rating and issued a $62.00 target price (down from $65.00) on shares of Tesoro Logistics in a report on Thursday, August 10th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. Tesoro Logistics presently has an average rating of Hold and an average price target of $56.86.
Shares of Tesoro Logistics (NYSE:ANDX) traded up $0.07 during midday trading on Friday, reaching $44.50. 398,094 shares of the company traded hands, compared to its average volume of 426,628. Tesoro Logistics has a fifty-two week low of $43.21 and a fifty-two week high of $60.14. The firm has a market capitalization of $9,630.00, a price-to-earnings ratio of 17.87, a P/E/G ratio of 3.33 and a beta of 1.12. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.01 and a quick ratio of 1.01.
The company also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Friday, November 3rd were issued a $0.9852 dividend. The ex-dividend date of this dividend was Thursday, November 2nd. This represents a $3.94 annualized dividend and a yield of 8.86%. Tesoro Logistics’s dividend payout ratio (DPR) is presently 165.55%.
In related news, insider Steven Sterin acquired 1,000 shares of the stock in a transaction dated Friday, August 25th. The stock was bought at an average price of $47.86 per share, with a total value of $47,860.00. Following the completion of the transaction, the insider now directly owns 7,338 shares of the company’s stock, valued at $351,196.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.15% of the company’s stock.
Several hedge funds have recently modified their holdings of ANDX. IndexIQ Advisors LLC bought a new stake in shares of Tesoro Logistics during the third quarter worth $103,000. Ffcm LLC bought a new stake in shares of Tesoro Logistics during the third quarter worth $110,000. Penserra Capital Management LLC bought a new stake in shares of Tesoro Logistics during the third quarter worth $131,000. First Manhattan Co. bought a new stake in shares of Tesoro Logistics during the third quarter worth $150,000. Finally, Cedar Wealth Management LLC bought a new stake in shares of Tesoro Logistics during the third quarter worth $169,000. 65.86% of the stock is owned by institutional investors.
Tesoro Logistics Company Profile
Andeavor Logistics LP, formerly Tesoro Logistics LP, is a full-service logistics company operating in the western and mid-continent regions of the United States. The Company operates through three segments. Its Gathering segment consists of crude oil, natural gas and produced water gathering systems in the Bakken Region and Rockies Region.
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