Stocks of Tesoro Corporation (NYSE:TSO) rallied by 0.27% during the past week but lost 6.4% on a 4-week basis. The company has outperformed the S&P 500 by 1.5% in the past week but underperformed the index by 7.56% in the last 4 weeks. Tesoro Corporation has dropped 21.8% during the last 3-month period . Year-to-Date the stock performance stands at -20.57%. The company shares have dropped -4.84% from its 1 Year high price. On Nov 24, 2015, the shares registered one year high at $119.67 and the one year low was seen on Feb 18, 2016. The 50-Day Moving Average price is $84.25 and the 200 Day Moving Average price is recorded at $96.62.
Investment Firm, First Midwest Bank Trust Division increased its position in TSO during the Fourth Quarter period, The investment management firm scooped up 14,078 additional shares and now has a total position of 26,260 shares of TSO which is valued at $2,333,464. TSO makes up approx 0.39% of First Midwest Bank Trust Division s portfolio. Also, Numeric Investors increased its position in TSO during the Fourth Quarter period, The investment management firm scooped up 101,300 additional shares and now has a total position of 327,850 shares of TSO which is valued at $29,132,751. TSO makes up approx 0.32% of Numeric Investors s portfolio.
Tesoro Corporation (NYSE:TSO) : On Friday heightened volatility was witnessed in Tesoro Corporation (NYSE:TSO) which led to swings in the share price. The stock opened for trading at $82.35 and hit $84.7 on the upside , eventually ending the session at $83.17, with a gain of 1.65% or 1.35 points. The heightened volatility saw the trading volume jump to 2,265,279 shares. The 52-week high of the share price is $119.67 and the company has a market cap of $9,971 million. The 52-week low of the share price is at $67.8 .
Many analysts have stated their opinion on the company shares. Brokerage firm Bank of America upgrades its rating on Tesoro Corporation (NYSE:TSO). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on March 3, 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.