Ownership Action Report: Tesoro Corp (NYSE:TSO) Institutional Investors Sentiment Crashes in 2016 Q2

November 28, 2016 - By Vivian Park   ·   0 Comments

Ownership Action Report: Tesoro Corp (NYSE:TSO) Institutional Investors Sentiment  Crashes in  2016 Q2

Sentiment for Tesoro Corp (NYSE:TSO)

Tesoro Corp (NYSE:TSO) institutional sentiment decreased to 0.85 in Q2 2016. Its down -0.01, from 0.86 in 2016Q1. The ratio dived, as 204 investment managers increased or opened new positions, while 237 reduced and sold holdings in Tesoro Corp. The investment managers in our partner’s database reported: 103.81 million shares, down from 110.92 million shares in 2016Q1. Also, the number of investment managers holding Tesoro Corp in their top 10 positions decreased from 8 to 5 for a decrease of 3. Sold All: 68 Reduced: 169 Increased: 158 New Position: 46.

Tesoro Corporation is an independent petroleum refining and marketing company. The company has a market cap of $10.07 billion. The Firm operates through three business divisions: Refining operating segment (Refining), which owns and operates refineries, and refines crude oil and other feedstocks into transportation fuels; TLLP, a publicly traded limited partnership, which includes certain natural gas and crude oil gathering assets, natural gas processing and crude oil and refined products terminaling, and transportation and storage assets, and marketing segment (Marketing), which sells transportation fuels. It has a 14.73 P/E ratio. The Company’s Refining segment owns and operates approximately six petroleum refineries with a combined crude oil capacity of over 850 thousand barrels per day (Mbpd).

About 241,890 shares traded hands. Tesoro Corporation (NYSE:TSO) has declined 0.06% since April 25, 2016 and is downtrending. It has underperformed by 6.07% the S&P500.

Analysts await Tesoro Corporation (NYSE:TSO) to report earnings on February, 6. They expect $0.76 EPS, down 58.47% or $1.07 from last year’s $1.83 per share. TSO’s profit will be $89.25M for 28.21 P/E if the $0.76 EPS becomes a reality. After $1.43 actual EPS reported by Tesoro Corporation for the previous quarter, Wall Street now forecasts -46.85% negative EPS growth.

According to Zacks Investment Research, “Tesoro was founded in 1968 as a company primarily engaged in petroleum exploration and production. In 1969, Tesoro began operating Alaska’s first refinery near Kenai. Today, Tesoro is a FORTUNE 500 company and one of the largest independent petroleum refiners and marketers in the Western United States.”

Hound Partners Llc holds 9.95% of its portfolio in Tesoro Corporation for 4.99 million shares. Incline Global Management Llc owns 392,526 shares or 6.84% of their US portfolio. Moreover, Key Group Holdings (Cayman) Ltd. has 6.49% invested in the company for 993,398 shares. The New York-based Slate Path Capital Lp has invested 5.83% in the stock. Viking Fund Management Llc, a North Dakota-based fund reported 210,000 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 1 buy, and 0 sales for $81,325 net activity.

Tesoro Corporation (NYSE:TSO) Ratings Coverage

Ratings analysis reveals 86% of Tesoro Corporation’s analysts are positive. Out of 14 Wall Street analysts rating Tesoro Corporation, 12 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $90 while the high is $140.0. The stock’s average target of $112.43 is 31.13% above today’s ($85.74) share price. TSO was included in 33 notes of analysts from July 24, 2015. The rating was maintained by RBC Capital Markets with “Sector Perform” on Wednesday, February 3. The stock has “Buy” rating given by Citigroup on Tuesday, July 19. The company was maintained on Monday, April 11 by Credit Suisse. The stock has “Outperform” rating given by Cowen & Co on Thursday, August 6. The stock of Tesoro Corporation (NYSE:TSO) earned “Overweight” rating by on Monday, October 10. The rating was downgraded by Deutsche Bank to “Hold” on Thursday, December 10. The company was initiated on Thursday, May 19 by UBS. The firm has “Sector Perform” rating given on Thursday, December 10 by RBC Capital Markets. On Wednesday, June 29 the stock rating was upgraded by Goldman Sachs to “Buy”. The rating was upgraded by Credit Suisse on Tuesday, October 11 to “Outperform”.

TSO Company Profile

Tesoro Corporation (Tesoro), incorporated on December 26, 1968, is an independent petroleum refining and marketing company. The Firm operates through three business divisions: Refining operating segment (Refining), which owns and operates refineries, and refines crude oil and other feedstocks into transportation fuels; TLLP, a publicly traded limited partnership, which includes certain natural gas and crude oil gathering assets, natural gas processing and crude oil and refined products terminaling, and transportation and storage assets, and marketing segment (Marketing), which sells transportation fuels. The Company’s Refining segment owns and operates approximately six petroleum refineries with a combined crude oil capacity of over 850 thousand barrels per day (Mbpd). TLLP’s business operates in three divisions: Gathering, Processing, and Terminalling and Transportation. The Marketing segment sells transportation fuels in approximately 20 states through a network of approximately 2,270 retail stations.

Another recent and important Tesoro Corporation (NYSE:TSO) news was published by Nasdaq.com which published an article titled: “Tesoro Corporation (TSO) Ex-Dividend Date Scheduled for November 28, 2016” on November 25, 2016.

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By Vivian Park

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