Duff Phelps Investment Management Co Lowers stake in Tesoro Logistics LP (TLLP)

Tesoro Logistics LP (TLLP) : Duff Phelps Investment Management Co reduced its stake in Tesoro Logistics LP by 4.66% during the most recent quarter end. The investment management company now holds a total of 511,351 shares of Tesoro Logistics LP which is valued at $23,578,395 after selling 25,000 shares in Tesoro Logistics LP , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Tesoro Logistics LP makes up approximately 0.34% of Duff Phelps Investment Management Co’s portfolio.

Other Hedge Funds, Including , Country Club Trust Company N.a. reduced its stake in TLLP by selling 469 shares or 4.46% in the most recent quarter. The Hedge Fund company now holds 10,057 shares of TLLP which is valued at $463,728. Tesoro Logistics LP makes up approx 0.07% of Country Club Trust Company N.a.’s portfolio.Hollencrest Securities reduced its stake in TLLP by selling 1,170 shares or 9.89% in the most recent quarter. The Hedge Fund company now holds 10,660 shares of TLLP which is valued at $500,807. Tesoro Logistics LP makes up approx 0.07% of Hollencrest Securities’s portfolio. Terra Nova Asset Management sold out all of its stake in TLLP during the most recent quarter. The investment firm sold 9,386 shares of TLLP which is valued $440,954.Cutler Group Lp reduced its stake in TLLP by selling 3,172 shares or 51.69% in the most recent quarter. The Hedge Fund company now holds 2,964 shares of TLLP which is valued at $139,575. Tesoro Logistics LP makes up approx 0.01% of Cutler Group Lp’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in TLLP by selling 14,310 shares or 3.28% in the most recent quarter. The Hedge Fund company now holds 422,597 shares of TLLP which is valued at $20,174,781. Tesoro Logistics LP makes up approx 0.08% of Bnp Paribas Arbitrage Sa’s portfolio.

Tesoro Logistics LP closed down -0.29 points or -0.63% at $46.11 with 6,02,388 shares getting traded on Friday. Post opening the session at $46.63, the shares hit an intraday low of $45.42 and an intraday high of $46.63 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Tesoro Logistics LP reported $0.48 EPS for the quarter, missing the analyst consensus estimate by $ -0.30 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $0.78. The company had revenue of $293.00 million for the quarter, compared to analysts expectations of $302.32 million. The company’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS.

Many Wall Street Analysts have commented on Tesoro Logistics LP. Mizuho Initiated Tesoro Logistics LP on Sep 30, 2016 to “Buy”, Price Target of the shares are set at $58.Tesoro Logistics LP was Initiated by Jefferies to “Hold” on Aug 23, 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 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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