Tesoro Corporation (NYSE:TSO) has tumbled 6.1% during the past week and has dropped 8.33% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 4.97%. Tesoro Corporation (NYSE:TSO) has underperformed the index by 9.17% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Tesoro Corporation (NYSE:TSO): The stock opened at $73.80 on Friday but the bulls could not build on the opening and the stock topped out at $74.92 for the day. The stock traded down to $72.10 during the day, due to lack of any buying support eventually closed down at $72.50 with a loss of -1.28% for the day. The stock had closed at $73.44 on the previous day. The total traded volume was 2,101,358 shares.
The company shares have dropped -15.33% from its 1 Year high price. On Nov 24, 2015, the shares registered one year high at $119.67 and the one year low was seen on Feb 18, 2016. The 50-Day Moving Average price is $77.73 and the 200 Day Moving Average price is recorded at $86.80.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Schofield Daryl R, officer (SVP, Commercial) of Tesoro Corp /New/, had unloaded 2,660 shares at an average price of $80 in a transaction dated on May 23, 2016. The total value of the transaction was worth $212,800.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Credit Suisse, downgrades their rating on the shares of Tesoro Corporation (NYSE:TSO). Credit Suisse has a Neutral rating on the shares. Previously, the analysts had a Outperform rating on the shares. As per the latest research report, the brokerage house lowers the price target to $90 per share from a prior target of $100. The rating by the firm was issued on June 15, 2016. Currently the company Insiders own 0.88% of Tesoro Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 7.88% . Institutional Investors own 90.16% of Tesoro Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 19.48%.
Tesoro Corporation is an independent petroleum refining and marketing company. Through its subsidiaries, the Company primarily transports crude oil and manufactures, transports and sells transportation fuels. The Company operates through three business segments: Refining operating segment, which owns and perates six petroleum refineries with a combined crude oil capacity of 850 thousand barrels per day (Mbpd) located in the western United States and sells transportation fuels to a variety of customers; TLLP, a publicly traded limited partnership, which includes certain crude oil and natural gas gathering assets, natural gas processing and crude oil and refined products terminalling, transportation and storage assets, and Retail operating segment, which sells transportation fuels in approximately 16 states through a network of approximately 2,267 retail stations under the ARCO, Shell, Exxon, Mobil, USA Gasoline and Tesoro brands.