Center Coast Capital Advisors Lp buys $201,099,049 stake in Tesoro Logistics LP (TLLP)

Tesoro Logistics LP (TLLP) : Center Coast Capital Advisors Lp scooped up 545,438 additional shares in Tesoro Logistics LP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 20, 2016. The investment management firm now holds a total of 4,247,076 shares of Tesoro Logistics LP which is valued at $201,099,049.Tesoro Logistics LP makes up approximately 6.10% of Center Coast Capital Advisors Lp’s portfolio.

Tesoro Logistics LP opened for trading at $47.84 and hit $48.09 on the upside on Friday, eventually ending the session at $47.35, with a gain of 0.23% or 0.11 points. The heightened volatility saw the trading volume jump to 5,21,979 shares. Company has a market cap of $4,431 M.

Other Hedge Funds, Including , W.g. Shaheen Associates Dba Whitney Co reduced its stake in TLLP by selling 3,082 shares or 6.31% in the most recent quarter. The Hedge Fund company now holds 45,772 shares of TLLP which is valued at $1,986,505. Tesoro Logistics LP makes up approx 0.85% of W.g. Shaheen Associates Dba Whitney Co’s portfolio. Donald L. Hagan added TLLP to its portfolio by purchasing 367 company shares during the most recent quarter which is valued at $15,928. Tesoro Logistics LP makes up approx 0.01% of Donald L. Hagan’s portfolio.Benjamin F. Edwards Company boosted its stake in TLLP in the latest quarter, The investment management firm added 50 additional shares and now holds a total of 250 shares of Tesoro Logistics LP which is valued at $10,850.Mai Capital Management boosted its stake in TLLP in the latest quarter, The investment management firm added 2,443 additional shares and now holds a total of 72,895 shares of Tesoro Logistics LP which is valued at $3,208,109. Tesoro Logistics LP makes up approx 0.26% of Mai Capital Management’s portfolio.

On the company’s financial health, Tesoro Logistics LP reported $0.60 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on Oct 28, 2015. Analyst had a consensus of $0.70. The company had revenue of $282.00 million for the quarter, compared to analysts expectations of $290.67 million. The company’s revenue was up 88.0% compared to the same quarter last year.

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.

Leave a Reply

Tesoro Logistics LP - Is it time to Sell?

Top Brokerage Firms are advising their investors on Tesoro Logistics LP. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.