Samson Capital Management Lowers stake in Tesoro Logistics LP (TLLP)

Tesoro Logistics LP (TLLP) : Samson Capital Management reduced its stake in Tesoro Logistics LP by 0.93% during the most recent quarter end. The investment management company now holds a total of 165,812 shares of Tesoro Logistics LP which is valued at $7,703,626 after selling 1,554 shares in Tesoro Logistics LP , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Tesoro Logistics LP makes up approximately 6.99% of Samson Capital Management’s portfolio.

Other Hedge Funds, Including , Hightower Advisors reduced its stake in TLLP by selling 3,864 shares or 1.9% in the most recent quarter. The Hedge Fund company now holds 199,288 shares of TLLP which is valued at $9,258,920. Tesoro Logistics LP makes up approx 0.11% of Hightower Advisors’s portfolio.Quantbot Technologies Lp reduced its stake in TLLP by selling 4,366 shares or 52.03% in the most recent quarter. The Hedge Fund company now holds 4,025 shares of TLLP which is valued at $185,150. Tesoro Logistics LP makes up approx 0.02% of Quantbot Technologies Lp’s portfolio.

Tesoro Logistics LP closed down -0.83 points or -1.81% at $44.96 with 7,17,410 shares getting traded on Monday. Post opening the session at $46.18, the shares hit an intraday low of $44.86 and an intraday high of $46.18 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Tesoro Logistics LP reported $0.46 EPS for the quarter, missing the analyst consensus estimate by $ -0.22 based on the information available during the earnings call on Oct 31, 2016. Analyst had a consensus of $0.68.Analysts expectations of $ 310.21.During the same quarter in the previous year, the company posted $0.60 EPS.

Many Wall Street Analysts have commented on Tesoro Logistics LP. Shares were Reiterated by Mizuho on Nov 3, 2016 to “Buy” and Lowered the Price Target to $ 56 from a previous price target of $58 .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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