Price Don’t Lie: What’s Propelling Tesoro Logistics LP to Increase So Much?

Price Don't Lie: What's Propelling Tesoro Logistics LP to Increase So Much?

The stock of Tesoro Logistics LP (NYSE:TLLP) is a huge mover today! About 260,974 shares traded hands. Tesoro Logistics LP (NYSE:TLLP) has declined 2.26% since April 27, 2016 and is downtrending. It has underperformed by 7.48% the S&P500.
The move comes after 6 months positive chart setup for the $4.86B company. It was reported on Nov, 30 by Barchart.com. We have $51.73 PT which if reached, will make NYSE:TLLP worth $437.40 million more.

Analysts await Tesoro Logistics LP (NYSE:TLLP) to report earnings on February, 6. They expect $0.65 earnings per share, up 32.65% or $0.16 from last year’s $0.49 per share. TLLP’s profit will be $66.56 million for 18.25 P/E if the $0.65 EPS becomes a reality. After $0.46 actual earnings per share reported by Tesoro Logistics LP for the previous quarter, Wall Street now forecasts 41.30% EPS growth.

Tesoro Logistics LP (NYSE:TLLP) Ratings Coverage

Out of 8 analysts covering Tesoro Logistics LP (NYSE:TLLP), 6 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 75% are positive. Tesoro Logistics LP has been the topic of 14 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The firm earned “Hold” rating on Tuesday, August 23 by Jefferies. The rating was maintained by JP Morgan with “Overweight” on Monday, May 16. maintained it with “Buy” rating and $54 target price in Monday, October 10 report. Credit Suisse initiated it with “Neutral” rating and $69 target price in Monday, October 26 report. On Tuesday, October 13 the stock rating was downgraded by Credit Suisse to “Neutral”. The stock of Tesoro Logistics LP (NYSE:TLLP) earned “Accumulate” rating by Seaport Global Securities on Thursday, October 22. Mizuho initiated the stock with “Buy” rating in Friday, September 30 report. On Thursday, November 3 the stock rating was maintained by Mizuho with “Buy”. As per Tuesday, March 15, the company rating was maintained by JP Morgan. The stock has “Outperform” rating given by Oppenheimer on Friday, August 7.

According to Zacks Investment Research, “Tesoro Logistics LP is a limited partnership formed to own, operate, develop and acquire crude oil and refined products logistics assets. The Company’s logistics assets are used to gather, transport and store crude oil and to distribute, transport and store refined products. Tesoro Logistics operates its business through two business segments: Crude Oil Gathering and Terminalling, Transportation and Storage.”

Insitutional Activity: The institutional sentiment decreased to 1 in 2016 Q2. Its down 0.20, from 1.2 in 2016Q1. The ratio fall, as 14 funds sold all Tesoro Logistics LP shares owned while 42 reduced positions. 17 funds bought stakes while 50 increased positions. They now own 56.81 million shares or 2.09% more from 55.64 million shares in 2016Q1.
Glob Endowment Mngmt Lp last reported 0.1% of its portfolio in the stock. Center Coast Advisors L P has 7.08% invested in the company for 5.11 million shares. First Republic Mngmt holds 32,272 shares or 0.02% of its portfolio. Indexiq Advsr Ltd Liability Corp last reported 0.01% of its portfolio in the stock. Advisory Research accumulated 2.14% or 2.51 million shares. First Tru Advsr Limited Partnership holds 0.02% or 112,942 shares in its portfolio. Fin Advisers Ltd Liability Co holds 5,000 shares or 0% of its portfolio. Mycio Wealth Prtn Limited Liability Company accumulated 300 shares or 0% of the stock. Monetary Group has 0.02% invested in the company for 700 shares. Blair William & Il holds 25,355 shares or 0.01% of its portfolio. Moreover, Hightower Advsr has 0.13% invested in Tesoro Logistics LP (NYSE:TLLP) for 203,152 shares. Duff And Phelps Investment Management owns 536,351 shares or 0.4% of their US portfolio. Mariner Wealth Ltd Liability Com reported 6,430 shares or 0.02% of all its holdings. The Texas-based Salient Advsrs Ltd Liability Corp has invested 0.09% in Tesoro Logistics LP (NYSE:TLLP). The New York-based Solaris Asset Management Lc has invested 0.02% in Tesoro Logistics LP (NYSE:TLLP).

Insider Transactions: Since August 26, 2016, the stock had 1 insider buy, and 0 insider sales for $75,747 net activity. $75,747 worth of shares were bought by Sterin Steven on Friday, August 26.

More notable recent Tesoro Logistics LP (NYSE:TLLP) news were published by: Streetinsider.com which released: “Tesoro Logistics L.P (TLLP) to Acquire $1.1B in Oil and Gas Assets” on November 21, 2016, also Moodys.com with their article: “Moody’s rates Tesoro Logistics’s new notes Ba3” published on May 09, 2016, Prnewswire.com published: “Tesoro Logistics LP and QEP Midstream Partners, LP Complete Merger” on July 22, 2015. More interesting news about Tesoro Logistics LP (NYSE:TLLP) were released by: Seekingalpha.com and their article: “Tesoro Logistics LP: Investors’ Recent Worries About This Logistics MLP Are …” published on August 15, 2016 as well as Forbes.com‘s news article titled: “Tesoro Settling For Second-Best With $4.1B Western Refining Purchase” with publication date: November 17, 2016.

TLLP Company Profile

Tesoro Logistics LP (TLLP), incorporated on December 3, 2010, owns, operates, develops and acquires logistics assets. TLLP is a logistics firm operating primarily in the western and mid-continent regions of the United States. The Firm operates through three divisions: Gathering, Processing, and Terminalling and Transportation. The Firm owns and operates networks of over 3,500 miles of crude oil, refined products and natural gas pipelines and over 25 crude oil and refined products truck and marine terminals that have over 15 million barrels of storage capacity. In addition, the Company owns and operates approximately four natural gas processing complexes and over one fractionation facility.

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