What’s Tesoro Corporation (TSO) Upside After Touching 52-Week High?

July 17, 2017 - By Marguerite Chambers

Investors sentiment increased to 1.02 in Q4 2016. Its up 0.17, from 0.85 in 2016Q3. It increased, as 41 investors sold Tesoro Corporation shares while 174 reduced holdings. 74 funds opened positions while 145 raised stakes. 105.36 million shares or 6.92% more from 98.54 million shares in 2016Q3 were reported.
Strs Ohio owns 0% invested in Tesoro Corporation (NYSE:TSO) for 12,575 shares. Capwealth Advsr has invested 0.62% in Tesoro Corporation (NYSE:TSO). Cleararc Cap Inc holds 0.04% of its portfolio in Tesoro Corporation (NYSE:TSO) for 2,838 shares. Smith Graham Com Inv Advsr L P has invested 0.53% of its portfolio in Tesoro Corporation (NYSE:TSO). Ontario Teachers Pension Plan Board owns 31,053 shares or 0.03% of their US portfolio. Point72 Asset L P reported 3.42M shares or 2.09% of all its holdings. Pitcairn Co reported 19,885 shares. Piedmont Advsr Limited Com holds 0% or 35,673 shares in its portfolio. Sector Pension Board invested in 0.02% or 26,116 shares. 22,677 are owned by Gsa Cap Prns Llp. Srb invested in 0.02% or 1,959 shares. Gradient Invests Ltd Liability Corporation holds 0% or 100 shares. 933,195 are held by D E Shaw &. Bluemountain Mgmt Llc accumulated 0.77% or 470,588 shares. Meiji Yasuda Asset Com Ltd reported 5,666 shares.

Since May 31, 2017, it had 2 insider purchases, and 1 insider sale for $48,584 activity. Peery Blane W. sold $89,304 worth of stock. LILLEY DAVID had bought 500 shares worth $41,580.

The stock of Tesoro Corporation (NYSE:TSO) hit a new 52-week high and has $102.03 target or 5.00 % above today’s $97.17 share price. The 8 months bullish chart indicates low risk for the $15.69B company. The 1-year high was reported on Jul, 17 by Barchart.com. If the $102.03 price target is reached, the company will be worth $784.50M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About 644,364 shares traded. Tesoro Corporation (NYSE:TSO) has risen 7.01% since July 17, 2016 and is uptrending. It has underperformed by 9.69% the S&P500.

Tesoro Corporation (NYSE:TSO) Ratings Coverage

Among 19 analysts covering Tesoro Corporation (NYSE:TSO), 17 have Buy rating, 0 Sell and 2 Hold. Therefore 89% are positive. Tesoro Corporation had 49 analyst reports since July 24, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, June 13 by Goldman Sachs. maintained Tesoro Corporation (NYSE:TSO) rating on Monday, October 10. has “Overweight” rating and $105 target. As per Friday, March 24, the company rating was downgraded by Credit Suisse. The rating was initiated by UBS with “Buy” on Thursday, May 19. As per Tuesday, June 27, the company rating was maintained by Goldman Sachs. The firm earned “Outperform” rating on Friday, July 24 by Macquarie Research. The stock of Tesoro Corporation (NYSE:TSO) has “Sector Perform” rating given on Friday, August 7 by RBC Capital Markets. Oppenheimer maintained the shares of TSO in report on Monday, November 23 with “Outperform” rating. On Monday, December 12 the stock rating was upgraded by Wells Fargo to “Outperform”. The stock has “Overweight” rating by Bank of America on Wednesday, February 3.

Another recent and important Tesoro Corporation (NYSE:TSO) news was published by Nasdaq.com which published an article titled: “Tesoro Corporation to Release Second Quarter 2017 Earnings” on July 06, 2017.

Tesoro Corporation is an independent petroleum refining, logistics and marketing company. he Company operates through three divisions. The company has market cap of $15.69 billion. 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 clients within its markets. It has a 16.26 P/E ratio. The TLLP segment comprises Tesoro Logistics LP’s (TLLP) assets and operations, and includes certain natural gas and crude oil gathering assets, natural gas and natural gas liquids (NGLs) processing assets, and crude oil and refined products terminaling, transportation and storage assets acquired from Tesoro and third parties.

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