Center Coast Capital Advisors Lp buys $257,923,296 stake in Tesoro Logistics LP (TLLP)

Tesoro Logistics LP (TLLP) : Center Coast Capital Advisors Lp scooped up 860,316 additional shares in Tesoro Logistics LP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 22, 2016. The investment management firm now holds a total of 5,107,392 shares of Tesoro Logistics LP which is valued at $257,923,296.Tesoro Logistics LP makes up approximately 7.16% of Center Coast Capital Advisors Lp’s portfolio.

Other Hedge Funds, Including , Wealthtrust-arizona boosted its stake in TLLP in the latest quarter, The investment management firm added 2 additional shares and now holds a total of 107 shares of Tesoro Logistics LP which is valued at $5,404.Capital One National Association boosted its stake in TLLP in the latest quarter, The investment management firm added 1,334 additional shares and now holds a total of 6,692 shares of Tesoro Logistics LP which is valued at $332,927. Tesoro Logistics LP makes up approx 0.03% of Capital One National Association’s portfolio.Spirit Of America Management Corpny boosted its stake in TLLP in the latest quarter, The investment management firm added 18,947 additional shares and now holds a total of 219,057 shares of Tesoro Logistics LP which is valued at $10,385,492. Tesoro Logistics LP makes up approx 1.53% of Spirit Of America Management Corpny’s portfolio.

Tesoro Logistics LP opened for trading at $47.95 and hit $48.858 on the upside on Friday, eventually ending the session at $48.77, with a gain of 0.52% or 0.252 points. The heightened volatility saw the trading volume jump to 2,60,137 shares. Company has a market cap of $4,566 M.

On the company’s financial health, Tesoro Logistics LP reported $1.19 EPS for the quarter, beating the analyst consensus estimate by $ 0.55 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.64.Analysts expectations of $ 295.42.During the same quarter in the previous year, the company posted $0.63 EPS.

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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