Virtu Financial LLC Takes Position in Tesoro Logistics LP (ANDX)

Virtu Financial LLC acquired a new position in shares of Tesoro Logistics LP (NYSE:ANDX) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 30,196 shares of the oil and gas company’s stock, valued at approximately $687,000.

Several other institutional investors also recently bought and sold shares of ANDX. IndexIQ Advisors LLC acquired a new position in shares of Tesoro Logistics during the third quarter worth $103,000. Ffcm LLC acquired a new position in Tesoro Logistics in the third quarter valued at $110,000. Penserra Capital Management LLC acquired a new position in Tesoro Logistics in the third quarter valued at $131,000. First Manhattan Co. acquired a new position in Tesoro Logistics in the third quarter valued at $150,000. Finally, Cedar Wealth Management LLC acquired a new position in Tesoro Logistics in the third quarter valued at $169,000. 34.86% of the stock is currently owned by institutional investors and hedge funds.

In other Tesoro Logistics news, insider Steven Sterin purchased 1,400 shares of the stock in a transaction dated Friday, December 1st. The shares were acquired at an average cost of $45.53 per share, for a total transaction of $63,742.00. Following the completion of the transaction, the insider now directly owns 9,714 shares of the company’s stock, valued at $442,278.42. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Jeff A. Stevens purchased 1,144 shares of the stock in a transaction dated Monday, December 4th. The stock was acquired at an average price of $46.75 per share, for a total transaction of $53,482.00. Following the completion of the transaction, the director now directly owns 2,229 shares of the company’s stock, valued at $104,205.75. The disclosure for this purchase can be found here. 0.15% of the stock is owned by corporate insiders.

ANDX has been the subject of several recent research reports. Jefferies Group increased their target price on shares of Tesoro Logistics from $41.00 to $45.00 and gave the stock a “hold” rating in a research note on Monday, November 20th. BidaskClub downgraded shares of Tesoro Logistics from a “hold” rating to a “sell” rating in a research note on Wednesday, September 20th. Bank of America decreased their target price on shares of Tesoro Logistics from $58.00 to $55.00 and set a “buy” rating for the company in a research note on Wednesday, August 16th. SunTrust Banks reissued a “buy” rating and set a $62.00 price target on shares of Tesoro Logistics in a report on Friday, November 10th. Finally, Scotiabank set a $59.00 price target on shares of Tesoro Logistics and gave the stock a “buy” rating in a report on Thursday, December 7th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $55.38.

Tesoro Logistics LP (ANDX) opened at $46.18 on Tuesday. Tesoro Logistics LP has a 1-year low of $42.18 and a 1-year high of $60.14. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market cap of $9,727.38, a PE ratio of 18.22, a price-to-earnings-growth ratio of 3.23 and a beta of 1.12.

Tesoro Logistics (NYSE:ANDX) last issued its earnings results on Wednesday, November 8th. The oil and gas company reported $0.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.22. The company had revenue of $444.00 million during the quarter, compared to analysts’ expectations of $414.69 million. Tesoro Logistics had a net margin of 23.50% and a return on equity of 22.48%. The firm’s quarterly revenue was up 44.2% compared to the same quarter last year. During the same period last year, the company posted $0.46 earnings per share. equities research analysts anticipate that Tesoro Logistics LP will post 2.79 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Friday, November 3rd were given a $0.9852 dividend. The ex-dividend date was Thursday, November 2nd. This represents a $3.94 annualized dividend and a dividend yield of 8.53%. Tesoro Logistics’s dividend payout ratio is presently 167.66%.

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Tesoro Logistics Profile

Andeavor Logistics LP, formerly Tesoro Logistics LP, is a full-service logistics company operating in the western and mid-continent regions of the United States. The Company operates through three segments. Its Gathering segment consists of crude oil, natural gas and produced water gathering systems in the Bakken Region and Rockies Region.

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Institutional Ownership by Quarter for Tesoro Logistics (NYSE:ANDX)

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