Tesoro Logistics LP (TLLP) : During the past 4 weeks, traders have been relatively bearish on Tesoro Logistics LP (TLLP), hence the stock is down -9.32% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -4.6% relative to the S&P 500. The 4-week change in the price of the stock is -8.39% and the stock has fallen -4.55% in the past 1 week.
The stock has recorded a 20-day Moving Average of 5.77% and the 50-Day Moving Average is 5.29%. Tesoro Logistics LP (NYSE:TLLP): On Fridays trading session , Opening price of the stock was $46.09 with an intraday high of $46.37. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $44.89. However, the stock managed to close at $45.11, a loss of 0.64% for the day. On the previous day, the stock had closed at $45.4. The total traded volume of the day was 571,479 shares.
Institutional Investors own 60.18% of Tesoro Logistics LP shares. Also, JP Morgan maintains its view on Tesoro Logistics LP (NYSE:TLLP) according to the research report released by the firm to its investors. The shares have now been rated Overweight by the stock experts at the ratings house. JP Morgan raises the price target from $57 per share to $58 per share on Tesoro Logistics LP. The rating by the firm was issued on May 16, 2016.
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 Companys Gathering segment consists of crude oil, natural gas and produced water gathering systems. The Companys 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 Tesoros refineries to facilities in Salt Lake City and Los Angeles.