Capital Fund Management S.a. buys $64,216,833 stake in Tesoro Corporation (TSO)

Tesoro Corporation (TSO) : Capital Fund Management S.a. scooped up 813,538 additional shares in Tesoro Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 2, 2016. The investment management firm now holds a total of 824,138 shares of Tesoro Corporation which is valued at $64,216,833.Tesoro Corporation makes up approximately 1.11% of Capital Fund Management S.a.’s portfolio.

Tesoro Corporation opened for trading at $77.53 and hit $79.45 on the upside on Friday, eventually ending the session at $77.92, with a gain of 0.08% or 0.06 points. The heightened volatility saw the trading volume jump to 19,13,044 shares. Company has a market cap of $9,349 M.

Other Hedge Funds, Including , Seven Bridges Advisors boosted its stake in TSO in the latest quarter, The investment management firm added 5,762 additional shares and now holds a total of 17,726 shares of Tesoro Corporation which is valued at $1,381,210. Tesoro Corporation makes up approx 1.11% of Seven Bridges Advisors’s portfolio. Sawtooth Asset Management sold out all of its stake in TSO during the most recent quarter. The investment firm sold 10,378 shares of TSO which is valued $827,023.Texas Permanent School Fund reduced its stake in TSO by selling 1,534 shares or 3.59% in the most recent quarter. The Hedge Fund company now holds 41,206 shares of TSO which is valued at $3,283,706. Tesoro Corporation makes up approx 0.04% of Texas Permanent School Fund’s portfolio.Legacy Private Trust reduced its stake in TSO by selling 16,299 shares or 35.83% in the most recent quarter. The Hedge Fund company now holds 29,197 shares of TSO which is valued at $2,516,781. Tesoro Corporation makes up approx 0.38% of Legacy Private Trust’s portfolio.First Citizens Bank Trust Co reduced its stake in TSO by selling 1,141 shares or 1.84% in the most recent quarter. The Hedge Fund company now holds 60,881 shares of TSO which is valued at $5,247,942. Tesoro Corporation makes up approx 0.43% of First Citizens Bank Trust Co’s portfolio.

On the company’s financial health, Tesoro Corporation reported $1.19 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on May 4, 2016. Analyst had a consensus of $1.05. The company had revenue of $5101.00 million for the quarter, compared to analysts expectations of $5296.43 million. The company’s revenue was down -21.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.98 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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