Legacy Private Trust Lowers stake in Tesoro Corporation (TSO)

Tesoro Corporation (TSO) : Legacy Private Trust reduced its stake in Tesoro Corporation by 35.83% during the most recent quarter end. The investment management company now holds a total of 29,197 shares of Tesoro Corporation which is valued at $2,516,781 after selling 16,299 shares in Tesoro Corporation , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Tesoro Corporation makes up approximately 0.38% of Legacy Private Trust’s portfolio.

Tesoro Corporation opened for trading at $86.35 and hit $87.38 on the upside on Wednesday, eventually ending the session at $87.21, with a gain of 1.22% or 1.05 points. The heightened volatility saw the trading volume jump to 13,90,580 shares. Company has a market cap of $10,455 M.

Other Hedge Funds, Including , Strs Ohio sold out all of its stake in TSO during the most recent quarter. The investment firm sold 171,184 shares of TSO which is valued $14,756,061. Fox Run Management L.l.c. sold out all of its stake in TSO during the most recent quarter. The investment firm sold 2,800 shares of TSO which is valued $241,360.Capital One National Association reduced its stake in TSO by selling 55,194 shares or 84.31% in the most recent quarter. The Hedge Fund company now holds 10,268 shares of TSO which is valued at $885,102. Tesoro Corporation makes up approx 0.08% of Capital One National Association’s portfolio. Dnb Asset Management As added TSO to its portfolio by purchasing 10,200 company shares during the most recent quarter which is valued at $825,894. Tesoro Corporation makes up approx 0.02% of Dnb Asset Management As’s portfolio.

On the company’s financial health, Tesoro Corporation reported $6.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Oct 28, 2015. Analyst had a consensus of $6.05. The company had revenue of $7743.00 million for the quarter, compared to analysts expectations of $7461.20 million. The company’s revenue was down -30.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $3.06 EPS.

Many Wall Street Analysts have commented on Tesoro Corporation. Shares were Reiterated by Barclays on Apr 8, 2016 to “Overweight” and Lowered the Price Target to $ 114 from a previous price target of $120 .Tesoro Corporation was Upgraded by BofA/Merrill to ” Buy” on Mar 3, 2016. Shares were Reiterated by RBC Capital Mkts on Feb 3, 2016 to “Sector Perform” and Lowered the Price Target to $ 97 from a previous price target of $102 .

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 2267 retail stations under the ARCO Shell Exxon Mobil USA Gasoline and Tesoro brands.

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