Analysis: Tesoro Logistics LP (NYSE:TLLP) Stock Target Raised Today
In a comprehensive report issued to investors and clients by Barclays Capital on 11 December, the firm, Tesoro Logistics LP (NYSE:TLLP), had their target price downgraded to $64.00. Analusts at present have a solid Overweight rating on the stock.
From a total of 13 analysts covering Tesoro Logistics LP (NYSE:TLLP) stock, 13 rate it a ”Buy”, 0 a “Sell”, and 1 a ”Hold”. This means that 93% of the ratings are positive. The highest target price is $70 while the lowest target price is $55. The mean of all analyst targets is $63.54 with a 46.40% above today’s ($43.99) stock price. Tesoro Logistics LP was the topic of 7 analyst reports since August 7, 2015 according to the firm StockzIntelligence Inc. Credit Suisse initiated shares on October 26 with “Neutral” rating. Barclays Capital maintained TLLP stock in a recent report from August 7 with “Overweight” rating.
Approximately 171,209 shares of stock traded hands. Tesoro Logistics LP (NYSE:TLLP) has declined 19.42% since May 8, 2015 and is downtrending. It has underperformed by 16.40% the S&P500.
The overall sentiment of institutions has increased to 1.26 in Q2 2015. Its up 0.13, from 1.13 in 2015Q2. The ratio improved, as 21 institutions have sold all the shares of Tesoro Logistics LP that they owned while 41 funds have taken shares off the table. 18 funds have purchased shares for the first time while 60 added to their positions. These institutions now hold 54.24 million shares or 20.81% more than the 44.89 million shares they owned in 2015Q2.
The Fund Center Coast Capital Advisors Lp currently is holding shares equating to 6.19% of its total portfolio in Tesoro Logistics LP representing a total of 4.54 million shares. Another fund,Samson Capital Management Llc, is holding a total of 174,898 shares equating to 5.76% of their holdings. Additionally, C.V. Starr & Co. Inc. Trust has a 260,000 share stake in Tesoro Logistics LP which represents 5.26% of their total portfolio. The Fund, Cushing Asset Management Lp, based out of Texas, has also built up a stake in the stock, which represents a total of 3.42% of their total portfolio. Finally Tortoise Capital Advisors L.L.C., a fund which is based in the state of Kansas reported a total holdings of 9.64 million shares.
Tesoro Logistics LP owns, operates, develops and acquires logistics assets. The company has a market cap of $4.29 billion. TLLP is a logistics firm operating primarily in the western and mid-continent regions of the United States. It has 31.75 P/E ratio. The Firm operates through divisions: Gathering, Processing, and Terminalling and Transportation.
According to Zacks Investment Research, “Tesoro Logistics LP is a limited partnership formed to own, operate, develop and acquire crude oil and refined products logistics assets. The Company’s logistics assets are used to gather, transport and store crude oil and to distribute, transport and store refined products. Tesoro Logistics operates its business through two business segments: Crude Oil Gathering and Terminalling, Transportation and Storage.” Get a free copy of the Zacks research report on Tesoro Logistics LP (TLLP).