James Investment Research Inc. decreased its stake in shares of Tesoro Co. (NYSE:TSO) by 1.5% during the first quarter, Holdings Channel reports. The firm owned 598,243 shares of the oil and gas company’s stock after selling 8,971 shares during the period. Tesoro comprises approximately 1.4% of James Investment Research Inc.’s portfolio, making the stock its 15th largest position. James Investment Research Inc. owned about 0.51% of Tesoro worth $48,494,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Regentatlantic Capital LLC boosted its position in shares of Tesoro by 3.3% in the third quarter. Regentatlantic Capital LLC now owns 10,589 shares of the oil and gas company’s stock worth $842,000 after buying an additional 334 shares during the last quarter. Conning Inc. boosted its position in shares of Tesoro by 4.5% in the third quarter. Conning Inc. now owns 3,010 shares of the oil and gas company’s stock worth $239,000 after buying an additional 130 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Tesoro by 2.9% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 18,525 shares of the oil and gas company’s stock worth $1,474,000 after buying an additional 528 shares during the last quarter. DnB Asset Management AS boosted its position in shares of Tesoro by 4.9% in the third quarter. DnB Asset Management AS now owns 10,700 shares of the oil and gas company’s stock worth $851,000 after buying an additional 500 shares during the last quarter. Finally, World Asset Management Inc boosted its position in shares of Tesoro by 1.2% in the third quarter. World Asset Management Inc now owns 12,775 shares of the oil and gas company’s stock worth $1,016,000 after buying an additional 152 shares during the last quarter. 87.89% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Tesoro (NYSE:TSO)

Shares of Tesoro Co. (NYSE:TSO) traded up 1.96% during midday trading on Friday, hitting $77.89. 2,106,525 shares of the company were exchanged. The firm’s 50 day moving average price is $81.53 and its 200 day moving average price is $83.85. Tesoro Co. has a one year low of $69.49 and a one year high of $93.06. The firm has a market capitalization of $9.10 billion, a price-to-earnings ratio of 12.72 and a beta of 1.69.

Tesoro (NYSE:TSO) last released its quarterly earnings data on Monday, February 6th. The oil and gas company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.80. Tesoro had a net margin of 2.99% and a return on equity of 9.07%. The firm had revenue of $6.65 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same period last year, the firm earned $1.83 earnings per share. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. Analysts forecast that Tesoro Co. will post $5.61 EPS for the current fiscal year.

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A number of equities analysts have issued reports on TSO shares. JPMorgan Chase & Co. raised shares of Tesoro from a “neutral” rating to an “overweight” rating and set a $99.00 price objective on the stock in a research note on Thursday, February 2nd. They noted that the move was a valuation call. Credit Suisse Group AG raised their price objective on shares of Tesoro from $105.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, January 26th. Piper Jaffray Companies set a $102.00 price objective on shares of Tesoro and gave the company a “buy” rating in a research note on Wednesday, February 8th. Scotiabank reaffirmed a “buy” rating on shares of Tesoro in a research note on Wednesday, February 8th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $99.00 price objective on shares of Tesoro in a research note on Wednesday, February 8th. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $101.71.

About Tesoro

Tesoro Corporation (Tesoro) 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.

5 Day Chart for NYSE:TSO

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