Tesoro Corporation (TSO) has been under a strong bear grip, hence the stock is down -1.07% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.83% in the past 1 week. The stock has risen by 0.88% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.05% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.95% and the 50-Day Moving Average is 0.68%. Tesoro Corporation (NYSE:TSO): On Fridays trading session , Opening price of the stock was $76.34 with an intraday high of $76.35. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $74.62. However, the stock managed to close at $75.37, a loss of 0.82% for the day. On the previous day, the stock had closed at $75.99. The total traded volume of the day was 1,770,051 shares.
The company Insiders own 0.88% of Tesoro Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -33.4% . Institutional Investors own 86.41% of Tesoro Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 7.88%. Also, Major Brokerage house, Barclays maintains its ratings on Tesoro Corporation (NYSE:TSO). In the latest research report, Barclays lowers the target price from $105 per share to $100 per share. According to the latest information available, the shares are now rated Overweight by the analysts at the agency. The rating by the firm was issued on August 5, 2016.
Tesoro Corporation is an independent petroleum refining and marketing company. Through its subsidiaries, the Company primarily transports crude oil and manufactures, transports and sells transportation fuels. The Company operates through three business segments: Refining operating segment, which owns and perates six petroleum refineries with a combined crude oil capacity of 850 thousand barrels per day (Mbpd) located in the western United States and sells transportation fuels to a variety of customers; TLLP, a publicly traded limited partnership, which includes certain crude oil and natural gas gathering assets, natural gas processing and crude oil and refined products terminalling, transportation and storage assets, and Retail operating segment, which sells transportation fuels in approximately 16 states through a network of approximately 2,267 retail stations under the ARCO, Shell, Exxon, Mobil, USA Gasoline and Tesoro brands.