Regal Investment Advisors LLC Acquires Shares of 23,139 Tesoro Corporation (ANDV)

Regal Investment Advisors LLC acquired a new stake in Tesoro Corporation (NYSE:ANDV) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 23,139 shares of the oil and gas company’s stock, valued at approximately $2,387,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Boston Partners grew its position in shares of Tesoro Corporation by 67.5% during the 2nd quarter. Boston Partners now owns 7,663,149 shares of the oil and gas company’s stock worth $717,270,000 after buying an additional 3,088,325 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Tesoro Corporation during the 3rd quarter worth approximately $403,103,000. Prudential Financial Inc. acquired a new stake in shares of Tesoro Corporation during the 3rd quarter worth approximately $150,513,000. APG Asset Management N.V. acquired a new stake in shares of Tesoro Corporation during the 3rd quarter worth approximately $85,187,000. Finally, Jennison Associates LLC acquired a new stake in shares of Tesoro Corporation during the 3rd quarter worth approximately $81,868,000. Hedge funds and other institutional investors own 78.37% of the company’s stock.

Shares of Tesoro Corporation (ANDV) traded up $0.55 on Friday, reaching $105.34. 583,830 shares of the company’s stock were exchanged, compared to its average volume of 1,238,062. 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 1 year low of $75.11 and a 1 year high of $112.21. The company has a market capitalization of $16,432.72, a price-to-earnings ratio of 20.41, a P/E/G ratio of 0.76 and a beta of 1.56.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend is Wednesday, November 29th. Tesoro Corporation’s payout ratio is currently 47.87%.

In other news, Director Michael E. Wiley sold 700 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $106.24, for a total value of $74,368.00. Following the sale, the director now owns 41,850 shares of the company’s stock, valued at $4,446,144. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Keith M. Casey sold 9,000 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $103.60, for a total transaction of $932,400.00. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.

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Several equities research analysts have recently commented on the stock. Piper Jaffray Companies reiterated a “buy” rating and set a $121.00 price target on shares of Tesoro Corporation in a research report on Friday. UBS AG lifted their price target on shares of Tesoro Corporation from $116.00 to $123.00 and gave the stock a “buy” rating in a research report on Wednesday. Barclays PLC lifted their price target on shares of Tesoro Corporation from $121.00 to $147.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 14th. Royal Bank Of Canada lowered their price target on shares of Tesoro Corporation from $109.00 to $107.00 and set a “sector perform” rating for the company in a research report on Friday, November 10th. Finally, BidaskClub raised shares of Tesoro Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $117.21.

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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Institutional Ownership by Quarter for Tesoro Corporation (NYSE:ANDV)

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