Tesoro Corporation (NYSE:ANDV) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $104.32 and last traded at $104.33, with a volume of 464,900 shares. The stock had previously closed at $103.15.
A number of analysts have recently issued reports on ANDV shares. BidaskClub downgraded Tesoro Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Royal Bank Of Canada restated a “hold” rating and issued a $100.00 target price on shares of Tesoro Corporation in a research report on Thursday, July 20th. Citigroup Inc. boosted their target price on Tesoro Corporation from $104.00 to $109.00 and gave the stock a “buy” rating in a research report on Monday, July 17th. Zacks Investment Research upgraded Tesoro Corporation from a “sell” rating to a “hold” rating in a research report on Friday, July 14th. Finally, Scotiabank set a $99.00 target price on Tesoro Corporation and gave the stock a “buy” rating in a research report on Tuesday, July 11th. Four research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $109.00.
The stock has a market cap of $16.69 billion, a P/E ratio of 17.44 and a beta of 1.62. The firm’s 50 day moving average is $98.00 and its 200-day moving average is $89.28.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were paid a dividend of $0.59 per share. This is an increase from Tesoro Corporation’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $2.36 annualized dividend and a yield of 2.29%. Tesoro Corporation’s payout ratio is presently 83.99%.
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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.
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