Tesoro Corp /new/ (TSO) Files Form 4 Insider Buying : Steven Sterin Buys 2,000 Shares

Tesoro Corp /new/ (TSO): Steven Sterin , CFO of Tesoro Corp /new/ purchased 2,000 shares on May 16, 2016. The Insider buying transaction was reported by the company on May 17, 2016 to the Securities and Exchange Commission. The shares were purchased at $76.89 per share for a total value of $153,769.91 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 11, 2016, David Lilley (director) purchased 1,000 shares at $77.87 per share price.On May 11, 2016, Edward G Galante (director) purchased 1,500 shares at $75.27 per share price.Also, On May 11, 2016, Robert W Goldman (director) sold 2,670 shares at $75.56 per share price.On Feb 8, 2016, Steven Sterin (CFO) purchased 1,282 shares at $78.16 per share price.

Tesoro Corporation: On Monday, May 16, 2016 heightened volatility was witnessed in Tesoro Corporation which led to swings in the share price. The shares opened for trading at $76.62 and hit $77.82 on the upside , eventually ending the session at $77.73, with a gain of 2.13% or 1.62 points. The heightened volatility saw the trading volume jump to 20,25,533 shares. The 52-week high of the share price is $119.67 and the company has a market cap of $9,326 M . The 52-week low of the share price is at $67.8.

Tesoro Corporation Money Flow Index Chart

Company has been under the radar of several Street Analysts.Tesoro Corporation is Reiterated by Barclays to Overweight while Lowering the Price Target of the company shares to $ 114 from a previous price target of $120 . The Rating was issued on Apr 8, 2016.Tesoro Corporation is Upgraded by BofA/Merrill to Buy. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Mar 3, 2016.

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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