Icon Advisers Inc. Co. Takes $8.47 Million Position in Tesoro Corporation (ANDV)

Icon Advisers Inc. Co. acquired a new stake in shares of Tesoro Corporation (NYSE:ANDV) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 82,100 shares of the oil and gas company’s stock, valued at approximately $8,469,000. Icon Advisers Inc. Co. owned about 0.05% of Tesoro Corporation as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bollard Group LLC purchased a new stake in Tesoro Corporation during the third quarter valued at approximately $123,000. Edge Wealth Management LLC purchased a new stake in Tesoro Corporation during the third quarter valued at approximately $128,000. TCI Wealth Advisors Inc. purchased a new stake in Tesoro Corporation during the third quarter valued at approximately $191,000. Chicago Partners Investment Group LLC purchased a new stake in Tesoro Corporation during the second quarter valued at approximately $207,000. Finally, Calamos Advisors LLC purchased a new stake in Tesoro Corporation during the third quarter valued at approximately $211,000. 79.68% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Michael E. Wiley sold 700 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $106.24, for a total transaction of $74,368.00. Following the completion of the transaction, the director now owns 41,850 shares in the company, valued at $4,446,144. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Keith M. Casey sold 9,000 shares of the company’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. 0.86% of the stock is currently owned by corporate insiders.

Shares of Tesoro Corporation (NYSE ANDV) traded up $0.23 during trading hours on Wednesday, hitting $105.34. 901,600 shares of the company were exchanged, compared to its average volume of 1,971,797. The company has a current ratio of 1.47, a quick ratio of 0.62 and a debt-to-equity ratio of 0.61. Tesoro Corporation has a 12-month low of $75.11 and a 12-month high of $112.21. The company has a market capitalization of $16,430.00, a price-to-earnings ratio of 20.37, a price-to-earnings-growth ratio of 0.76 and a beta of 1.56.

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

A number of analysts have commented on ANDV shares. BidaskClub raised shares of Tesoro Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 31st. Cowen and Company reaffirmed a “buy” rating and set a $120.00 target price on shares of Tesoro Corporation in a report on Thursday, September 28th. Zacks Investment Research raised shares of Tesoro Corporation from a “hold” rating to a “buy” rating and set a $119.00 target price for the company in a report on Tuesday, October 10th. Evercore ISI raised shares of Tesoro Corporation to a “buy” rating and set a $128.00 target price for the company in a report on Thursday, November 2nd. Finally, J P Morgan Chase & Co reaffirmed a “buy” rating and set a $121.00 target price on shares of Tesoro Corporation in a report on Friday, November 3rd. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Tesoro Corporation currently has a consensus rating of “Buy” and a consensus target price of $117.95.

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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.

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

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