Traders Sell Tesoro (ANDV) on Strength After Insider Selling

Investors sold shares of Tesoro Corporation (NYSE:ANDV) on strength during trading hours on Friday after an insider sold shares in the company. $31.33 million flowed into the stock on the tick-up and $77.63 million flowed out of the stock on the tick-down, for a money net flow of $46.30 million out of the stock. Of all stocks tracked, Tesoro had the 0th highest net out-flow for the day. Tesoro traded up $2.12 for the day and closed at $111.04Specifically, Director Michael E. Wiley sold 700 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $106.24, for a total transaction of $74,368.00. Following the transaction, the director now owns 41,850 shares in the company, valued at approximately $4,446,144. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Keith M. Casey sold 9,000 shares of the business’s stock in a transaction dated 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. Insiders sold a total of 54,700 shares of company stock worth $5,881,618 in the last quarter. Insiders own 0.86% of the company’s stock.

Several research firms have recently issued reports on ANDV. Wells Fargo & Company boosted their price objective on shares of Tesoro to $141.00 and gave the stock an “outperform” rating in a report on Wednesday. ValuEngine upgraded shares of Tesoro from a “hold” rating to a “buy” rating in a report on Wednesday. BidaskClub downgraded shares of Tesoro from a “buy” rating to a “hold” rating in a report on Thursday, September 28th. Howard Weil downgraded shares of Tesoro from a “sector outperform” rating to a “sector perform” rating and set a $112.00 price objective on the stock. in a report on Thursday, September 28th. Finally, Cowen restated a “buy” rating and set a $120.00 price objective on shares of Tesoro in a report on Thursday, September 28th. Seven analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Tesoro currently has an average rating of “Buy” and an average price target of $118.68.

The company has a current ratio of 1.47, a quick ratio of 0.62 and a debt-to-equity ratio of 0.61. The company has a market cap of $16,991.22, a PE ratio of 21.11, a price-to-earnings-growth ratio of 0.80 and a beta of 1.55.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders 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 annualized dividend and a dividend yield of 2.13%. Tesoro’s dividend payout ratio (DPR) is currently 47.87%.

A number of large investors have recently added to or reduced their stakes in the business. FDO Partners LLC acquired a new position in Tesoro in the third quarter valued at about $304,000. OxFORD Asset Management LLP acquired a new position in Tesoro in the third quarter valued at about $5,103,000. Tredje AP fonden acquired a new position in Tesoro in the third quarter valued at about $2,508,000. Westfield Capital Management Co. LP acquired a new position in Tesoro in the third quarter valued at about $78,150,000. Finally, Strategic Global Advisors LLC acquired a new position in Tesoro in the third quarter valued at about $371,000. Hedge funds and other institutional investors own 79.23% of the company’s stock.

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Tesoro 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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