Notable Dividend Flow: $0.55 dividends just around the corner for Tesoro Corporation (NYSE:TSO) shareholders.

Notable Dividend Flow: $0.55 dividends just around the corner for Tesoro Corporation (NYSE:TSO) shareholders.

Tesoro Corporation (NYSE:TSO) is expected to pay $0.55 on Dec 15, 2016. The indicated annual dividend is $2.20. Shareholders owning the stock before Nov 28, 2016 will be eligible to receive the payout. Based on Tesoro Corporation’s current price of $86.48, the dividend is 0.64%. This dividend’s record date is Nov 30, 2016 and the announcement date is Nov 1, 2016. The stock increased 0.51% or $0.44 on November 25, hitting $86.48. About 880,766 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.

Tesoro Corporation is an independent petroleum refining and marketing company. The company has a market cap of $10.16 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 14.86 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).

Insitutional Activity: The institutional sentiment decreased to 0.85 in 2016 Q2. Its down 0.01, from 0.86 in 2016Q1. The ratio dropped, as 68 funds sold all Tesoro Corporation shares owned while 169 reduced positions. 46 funds bought stakes while 158 increased positions. They now own 103.81 million shares or 6.40% less from 110.92 million shares in 2016Q1.
The Massachusetts-based Liberty Mutual Gp Asset Inc has invested 0.03% in Tesoro Corporation (NYSE:TSO). Boston Advsrs Ltd Liability Com has 272,616 shares for 0.51% of their US portfolio. Comerica National Bank & Trust has invested 0.02% of its portfolio in Tesoro Corporation (NYSE:TSO). Lazard Asset Limited Liability Corp last reported 0% of its portfolio in the stock. Natixis Asset Management has invested 0.06% of its portfolio in Tesoro Corporation (NYSE:TSO). Walleye Trading Ltd has 1,146 shares for 0% of their US portfolio. Blackrock Institutional Tru Na last reported 0.04% of its portfolio in the stock. Integral Derivatives Limited Liability Com has 13,407 shares for 0.02% of their US portfolio. Moreover, Checchi Cap Advisers Limited Liability Com has 0.01% invested in Tesoro Corporation (NYSE:TSO) for 979 shares. Apg Asset Mngmt Nv reported 257,235 shares or 0.04% of all its holdings. D E Shaw And Inc last reported 0.27% of its portfolio in the stock. Moreover, Robecosam Ag has 0.01% invested in Tesoro Corporation (NYSE:TSO) for 1,000 shares. Tiaa Cref Inv Management, a New York-based fund reported 377,871 shares. Lord Abbett And Llc accumulated 78,600 shares or 0.02% of the stock. Peak6 Investments Lp last reported 0% of its portfolio in the stock.

Insider Transactions: Since August 26, 2016, the stock had 1 buying transaction, and 0 sales for $81,325 net activity. On Friday, August 26 Sterin Steven bought $81,325 worth of the stock or 1,100 shares.

Tesoro Corporation (NYSE:TSO) Ratings Coverage

Out of 14 analysts covering Tesoro Corporation (NYSE:TSO), 12 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 86% are positive. Tesoro Corporation has been the topic of 33 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Deutsche Bank downgraded Tesoro Corporation (NYSE:TSO) rating on Thursday, December 10. Deutsche Bank has “Hold” rating and $128 price target. Credit Suisse maintained the stock with “Outperform” rating in Monday, April 11 report. Macquarie Research initiated the shares of TSO in a report on Friday, July 24 with “Outperform” rating. The firm earned “Outperform” rating on Tuesday, October 11 by Credit Suisse. The firm has “Buy” rating by Jefferies given on Tuesday, August 23. The rating was maintained by RBC Capital Markets with “Sector Perform” on Thursday, December 10. UBS initiated the shares of TSO in a report on Thursday, May 19 with “Buy” rating. Goldman Sachs upgraded the stock to “Buy” rating in Wednesday, June 29 report. Oppenheimer maintained it with “Outperform” rating and $130.0 target price in Monday, November 23 report. Citigroup maintained Tesoro Corporation (NYSE:TSO) rating on Wednesday, October 21. Citigroup has “Neutral” rating and $105 price target.

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.

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.

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