Tesoro Corporation (TSO) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP increased its position in Tesoro Corporation (NYSE:TSO) by 28.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 111,041 shares of the oil and gas company’s stock after buying an additional 24,532 shares during the period. Wellington Management Group LLP owned approximately 0.10% of Tesoro Corporation worth $9,001,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Boston Partners increased its position in Tesoro Corporation by 42.4% in the first quarter. Boston Partners now owns 4,574,824 shares of the oil and gas company’s stock worth $370,835,000 after buying an additional 1,361,943 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Tesoro Corporation by 38.0% in the first quarter. Bank of New York Mellon Corp now owns 3,014,412 shares of the oil and gas company’s stock worth $244,346,000 after buying an additional 830,819 shares during the last quarter. Jennison Associates LLC boosted its stake in Tesoro Corporation by 2,566.5% in the first quarter. Jennison Associates LLC now owns 296,625 shares of the oil and gas company’s stock worth $24,044,000 after buying an additional 285,501 shares during the last quarter. South Texas Money Management Ltd. boosted its stake in Tesoro Corporation by 4,123.4% in the first quarter. South Texas Money Management Ltd. now owns 203,526 shares of the oil and gas company’s stock worth $16,498,000 after buying an additional 198,707 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its stake in Tesoro Corporation by 198.7% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 271,212 shares of the oil and gas company’s stock worth $21,984,000 after buying an additional 180,417 shares during the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Shares of Tesoro Corporation (NYSE TSO) traded up 0.17% during trading on Friday, reaching $97.87. 863,725 shares of the company’s stock were exchanged. The stock has a market capitalization of $11.46 billion, a price-to-earnings ratio of 16.31 and a beta of 1.71. The stock has a 50 day moving average price of $94.77 and a 200-day moving average price of $85.76. Tesoro Corporation has a 52 week low of $72.78 and a 52 week high of $98.69.

Tesoro Corporation (NYSE:TSO) last released its earnings results on Monday, May 8th. The oil and gas company reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.16. Tesoro Corporation had a return on equity of 7.89% and a net margin of 2.74%. The company had revenue of $6.64 billion for the quarter, compared to analysts’ expectations of $6.46 billion. During the same quarter in the previous year, the business posted $1.19 EPS. The business’s revenue for the quarter was up 30.1% on a year-over-year basis. Analysts predict that Tesoro Corporation will post $4.95 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “Tesoro Corporation (TSO) Shares Bought by Wellington Management Group LLP” was originally posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this piece of content on another domain, it was illegally stolen and reposted in violation of international copyright & trademark law. The original version of this piece of content can be accessed at https://www.chaffeybreeze.com/2017/07/30/wellington-management-group-llp-increases-stake-in-tesoro-corporation-tso-updated-updated-updated.html.

A number of research analysts have issued reports on the stock. US Capital Advisors reaffirmed a “buy” rating on shares of Tesoro Corporation in a report on Monday, May 22nd. Credit Suisse Group raised their price target on shares of Tesoro Corporation from $100.00 to $107.00 and gave the stock a “neutral” rating in a report on Tuesday, June 20th. Citigroup Inc. raised their target price on shares of Tesoro Corporation from $104.00 to $109.00 and gave the stock a “buy” rating in a report on Monday, July 17th. TheStreet cut shares of Tesoro Corporation from a “b” rating to a “c+” rating in a report on Thursday, May 11th. Finally, Zacks Investment Research raised shares of Tesoro Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, May 16th. Four analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $109.00.

In other news, CFO Steven Sterin purchased 1,150 shares of the stock in a transaction that occurred on Thursday, June 1st. The stock was acquired at an average price of $83.75 per share, with a total value of $96,312.50. Following the purchase, the chief financial officer now owns 9,942 shares in the company, valued at approximately $832,642.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David Lilley bought 500 shares of Tesoro Corporation stock in a transaction that occurred on Thursday, June 1st. The stock was bought at an average price of $83.16 per share, with a total value of $41,580.00. Following the completion of the acquisition, the director now owns 15,134 shares in the company, valued at approximately $1,258,543.44. The disclosure for this purchase can be found here. Insiders own 0.86% of the company’s stock.

About Tesoro Corporation

Tesoro Corporation (Tesoro) 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:TSO)

Receive News & Ratings for Tesoro Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesoro Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply