Monashee Investment Management adds Tesoro Logistics LP (TLLP) to its portfolio

Tesoro Logistics LP (TLLP) : Monashee Investment Management added new position in Tesoro Logistics LP during the most recent quarter end. The investment management firm now holds 5,000 shares of Tesoro Logistics LP which is valued at $236,550 , the company said in a statement filed on Aug 2, 2016 with the SEC.Tesoro Logistics LP makes up approximately 0.36% of Monashee Investment Management’s portfolio.

Other Hedge Funds, Including , Center Coast Capital Advisors Lp boosted its stake in TLLP in the latest quarter, The investment management firm added 860,316 additional shares and 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 approx 7.16% of Center Coast Capital Advisors Lp’s portfolio.W.g. Shaheen Associates Dba Whitney Co reduced its stake in TLLP by selling 3,644 shares or 7.96% in the most recent quarter. The Hedge Fund company now holds 42,128 shares of TLLP which is valued at $2,127,464. Tesoro Logistics LP makes up approx 0.84% of W.g. Shaheen Associates Dba Whitney Co’s portfolio.

Tesoro Logistics LP opened for trading at $47.58 and hit $48.3 on the upside on Monday, eventually ending the session at $47.45, with a gain of 0.40% or 0.19 points. The heightened volatility saw the trading volume jump to 4,37,946 shares. Company has a market cap of $4,796 M.

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.

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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