Fjarde AP Fonden Fourth Swedish National Pension Fund bought a new stake in shares of Tesoro Corporation (NYSE:ANDV) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 37,663 shares of the oil and gas company’s stock, valued at approximately $3,885,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of ANDV. Bollard Group LLC raised its position in shares of Tesoro Corporation by 0.6% in the 2nd quarter. Bollard Group LLC now owns 1,189 shares of the oil and gas company’s stock worth $111,000 after acquiring an additional 7 shares in the last quarter. Edge Wealth Management LLC bought a new position in shares of Tesoro Corporation in the 3rd quarter worth $128,000. TCI Wealth Advisors Inc. bought a new position in shares of Tesoro Corporation in the 3rd quarter worth $191,000. Chicago Partners Investment Group LLC bought a new position in shares of Tesoro Corporation in the 2nd quarter worth $207,000. Finally, Calamos Advisors LLC bought a new position in shares of Tesoro Corporation in the 3rd quarter worth $211,000. 78.37% of the stock is owned by institutional investors and hedge funds.
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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 issued a $0.59 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $2.36 annualized dividend and a dividend yield of 2.24%. Tesoro Corporation’s dividend payout ratio (DPR) is presently 47.87%.
In other news, Director Michael E. Wiley sold 700 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $106.24, for a total value of $74,368.00. Following the completion of the transaction, the director now owns 41,850 shares of the company’s stock, valued at approximately $4,446,144. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Keith M. Casey sold 9,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $103.60, for a total value of $932,400.00. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.
Several research analysts have recently commented on the company. Piper Jaffray Companies reissued a “buy” rating and issued a $121.00 price target on shares of Tesoro Corporation in a research report on Friday. BidaskClub lowered Tesoro Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, September 28th. UBS AG boosted their target price on Tesoro Corporation from $116.00 to $123.00 and gave the stock a “buy” rating in a research note on Wednesday. Howard Weil downgraded Tesoro Corporation from a “sector outperform” rating to a “sector perform” rating and set a $112.00 target price on the stock. in a research note on Thursday, September 28th. Finally, Cowen and Company restated a “buy” rating and set a $120.00 target price on shares of Tesoro Corporation in a research note on Thursday, September 28th. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $117.21.
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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