Samson Capital Management Lowers stake in Tesoro Logistics LP (TLLP)

Tesoro Logistics LP (TLLP) : Samson Capital Management reduced its stake in Tesoro Logistics LP by 2.38% during the most recent quarter end. The investment management company now holds a total of 167,366 shares of Tesoro Logistics LP which is valued at $7,941,517 after selling 4,088 shares in Tesoro Logistics LP , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Tesoro Logistics LP makes up approximately 7.50% of Samson Capital Management’s portfolio.

Other Hedge Funds, Including , Acrospire Investment Management reduced its stake in TLLP by selling 500 shares or 50.0% in the most recent quarter. The Hedge Fund company now holds 500 shares of TLLP which is valued at $23,725. Tesoro Logistics LP makes up approx 0.02% of Acrospire Investment Management’s portfolio.Hap Trading boosted its stake in TLLP in the latest quarter, The investment management firm added 1,258 additional shares and now holds a total of 14,526 shares of Tesoro Logistics LP which is valued at $686,499. Tesoro Logistics LP makes up approx 0.06% of Hap Trading’s portfolio.

Tesoro Logistics LP opened for trading at $45.71 and hit $46.346 on the upside on Wednesday, eventually ending the session at $45.62, with a gain of 0.07% or 0.03 points. The heightened volatility saw the trading volume jump to 3,12,292 shares. Company has a market cap of $4,611 M.

On the company’s financial health, Tesoro Logistics LP reported $0.48 EPS for the quarter, missing the analyst consensus estimate by $ -0.30 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $0.78. The company had revenue of $293.00 million for the quarter, compared to analysts expectations of $302.32 million. The company’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS.

Tesoro Logistics LP (TLLP) owns operates develops and acquires logistics assets. TLLP is a logistics company operating primarily in the western and mid-continent regions of the United States. The Company operates through segments: Gathering Processing and Terminalling and Transportation. The Company’s Gathering segment consists of crude oil natural gas and produced water gathering systems. The Company’s Processing segment consists of four gas processing complexes. The Terminalling and Transportation segment consists of the Northwest Products Pipeline a regulated common carrier refined products pipeline system 24 crude oil and refined products terminals and storage facilities four marine terminals in California a rail-car unloading facility in Washington a petroleum coke handling and storage facility in Los Angeles and other pipelines which transport products and crude oil from Tesoro’s refineries to facilities in Salt Lake City and Los Angeles.

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