Parkside Financial Bank Trust buys $1,086,947 stake in Tesoro Logistics LP (TLLP)

Tesoro Logistics LP (TLLP) : Parkside Financial Bank Trust scooped up 2,375 additional shares in Tesoro Logistics LP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 22,975 shares of Tesoro Logistics LP which is valued at $1,086,947.Tesoro Logistics LP makes up approximately 0.52% of Parkside Financial Bank Trust’s portfolio.

Other Hedge Funds, Including , Quantbot Technologies Lp boosted its stake in TLLP in the latest quarter, The investment management firm added 4,507 additional shares and now holds a total of 8,391 shares of Tesoro Logistics LP which is valued at $396,978. Tesoro Logistics LP makes up approx 0.04% of Quantbot Technologies Lp’s portfolio.Diversified Trust Co boosted its stake in TLLP in the latest quarter, The investment management firm added 47 additional shares and now holds a total of 28,331 shares of Tesoro Logistics LP which is valued at $1,392,185. Tesoro Logistics LP makes up approx 0.19% of Diversified Trust Co’s portfolio.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.

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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