Tortoise Capital Advisors L.l.c. buys $458,356,891 stake in Tesoro Logistics LP (TLLP)

Tesoro Logistics LP (TLLP) : Tortoise Capital Advisors L.l.c. scooped up 163,045 additional shares in Tesoro Logistics LP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 10,160,871 shares of Tesoro Logistics LP which is valued at $458,356,891.Tesoro Logistics LP makes up approximately 3.20% of Tortoise Capital Advisors L.l.c.’s portfolio.

Other Hedge Funds, Including , Indexiq Advisors boosted its stake in TLLP in the latest quarter, The investment management firm added 411 additional shares and now holds a total of 2,674 shares of Tesoro Logistics LP which is valued at $120,624. Tesoro Logistics LP makes up approx 0.01% of Indexiq Advisors’s portfolio. Monashee Investment Management added TLLP to its portfolio by purchasing 5,000 company shares during the most recent quarter which is valued at $236,550. Tesoro Logistics LP makes up approx 0.36% of Monashee Investment Management’s portfolio.Dividend Assets Capital boosted its stake in TLLP in the latest quarter, The investment management firm added 47,931 additional shares and now holds a total of 934,324 shares of Tesoro Logistics LP which is valued at $45,912,681. Tesoro Logistics LP makes up approx 1.34% of Dividend Assets Capital’s portfolio.

Tesoro Logistics LP opened for trading at $46.15 and hit $46.65 on the upside on Tuesday, eventually ending the session at $46.44, with a gain of 0.72% or 0.33 points. The heightened volatility saw the trading volume jump to 4,18,297 shares. Company has a market cap of $4,694 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.

Many Wall Street Analysts have commented on Tesoro Logistics LP. Tesoro Logistics LP was Initiated by Jefferies to “Hold” on Aug 23, 2016.

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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