Steven Sterin Purchases 1,400 Shares of Tesoro Logistics LP (ANDX) Stock
Tesoro Logistics LP (NYSE:ANDX) insider Steven Sterin purchased 1,400 shares of Tesoro Logistics stock in a transaction dated Friday, December 1st. The shares were bought at an average price of $45.53 per share, for a total transaction of $63,742.00. Following the acquisition, the insider now owns 9,714 shares in the company, valued at $442,278.42. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Tesoro Logistics LP (ANDX) traded down $1.17 on Thursday, reaching $44.14. 418,000 shares of the company traded hands, compared to its average volume of 402,469. The stock has a market cap of $9,792.22, a price-to-earnings ratio of 18.34, a P/E/G ratio of 3.26 and a beta of 1.12. Tesoro Logistics LP has a 12-month low of $42.18 and a 12-month high of $60.14. The company has a debt-to-equity ratio of 2.15, a quick ratio of 1.01 and a current ratio of 1.01.
Tesoro Logistics (NYSE:ANDX) last issued its quarterly earnings data on Wednesday, November 8th. The oil and gas company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.22. The firm had revenue of $444.00 million for the quarter, compared to analyst estimates of $414.69 million. Tesoro Logistics had a net margin of 23.50% and a return on equity of 22.48%. Tesoro Logistics’s revenue was up 44.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.46 EPS. research analysts anticipate that Tesoro Logistics LP will post 2.78 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Friday, November 3rd were issued a $0.9852 dividend. The ex-dividend date was Thursday, November 2nd. This represents a $3.94 annualized dividend and a yield of 8.93%. Tesoro Logistics’s dividend payout ratio (DPR) is currently 167.66%.
Several research analysts have recently commented on ANDX shares. Mizuho reiterated a “hold” rating and set a $56.00 price target on shares of Tesoro Logistics in a report on Friday, October 20th. BidaskClub lowered Tesoro Logistics from a “sell” rating to a “strong sell” rating in a report on Saturday, October 21st. Scotiabank reiterated a “buy” rating and set a $59.00 price target on shares of Tesoro Logistics in a report on Thursday, August 17th. SunTrust Banks set a $50.00 price target on Tesoro Logistics and gave the stock a “buy” rating in a report on Friday, November 17th. Finally, Mitsubishi UFJ Financial Group upgraded Tesoro Logistics from a “neutral” rating to an “overweight” rating and set a $60.00 price target on the stock in a report on Wednesday, August 16th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $55.38.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. IndexIQ Advisors LLC acquired a new position in Tesoro Logistics in the 3rd quarter valued at about $103,000. Ffcm LLC acquired a new position in Tesoro Logistics in the 3rd quarter valued at about $110,000. Penserra Capital Management LLC acquired a new position in Tesoro Logistics in the 3rd quarter valued at about $131,000. Barnett & Company Inc. acquired a new position in Tesoro Logistics in the 3rd quarter valued at about $136,000. Finally, First Manhattan Co. acquired a new position in Tesoro Logistics in the 3rd quarter valued at about $150,000. Hedge funds and other institutional investors own 34.86% of the company’s stock.
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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