After Yesterday's Decline of 4.63%, Tesoro Offers Investors Better Value
Comtex SmarTrend(R) - Wed Jul 06, 12:32PM CDT
Tesoro (NYSE:TSO) traded in a range yesterday that spanned from a low of $69.49 to a high of $74.42. Yesterday, the shares fell 4.6%, which took the trading range below the 3-day low of $73.07 on volume of 2.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
TSO: 75.27 (+1.27)
Watch for Tesoro to Potentially Rebound After Falling 4.63% Yesterday
Comtex SmarTrend(R) - Wed Jul 06, 12:30PM CDT
Tesoro (NYSE:TSO) traded in a range yesterday that spanned from a low of $69.49 to a high of $74.42. Yesterday, the shares fell 4.6%, which took the trading range below the 3-day low of $73.07 on volume of 2.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
TSO: 75.27 (+1.27)
Tesoro Corporation to Release Second Quarter Earnings
Globe Newswire - Tue Jul 05, 4:01PM CDT
SAN ANTONIO - July 5, 2016 - Tesoro Corporation (NYSE:TSO) plans to release its earnings for the second quarter 2016 after the market closes on Wednesday, August 3, 2016. The Company will broadcast, live, its conference call with analysts regarding second quarter results and other business matters on Thursday, August 4, 2016 at 7:30 a.m. CT. Interested parties may listen to the live conference call over the Internet by logging on to www.tsocorp.com.
TSO: 75.27 (+1.27), TLLP: 49.62 (+1.40)
Tesoro (TSO) to Divest Alaskan Storage & Terminal Properties
Zacks Equity Research - Zacks Investment Research - Mon Jul 04, 8:52AM CDT
Tesoro Corporation (TSO) has entered into a deal with Tesoro Logistics LP (TLLP) wherein the former will divest its Alaska storage and terminalling properties to the latter.
INT: 48.16 (+0.41), TSO: 75.27 (+1.27), TLLP: 49.62 (+1.40), MUSA: 76.31 (+0.07)
Tesoro Logistics to Acquire Alaska Storage and Terminalling Assets from Tesoro Corporation
Globe Newswire - Fri Jul 01, 7:20AM CDT
SAN ANTONIO - July 1, 2016 - Tesoro Logistics LP (NYSE:TLLP) has agreed to acquire storage and terminalling assets in Alaska owned by subsidiaries of Tesoro Corporation (NYSE:TSO, Tesoro), for a total consideration of $444 million. The Alaska Storage and Terminalling Assets include crude oil and refined product storage at Tesoro's Kenai Refinery and two refined product terminals. The assets are expected to provide annual net earnings of $36 million and annual EBITDA of $51 million.
TSO: 75.27 (+1.27), TLLP: 49.62 (+1.40)
Tesoro Corporation to Sell Alaska Storage and Terminalling Assets to Tesoro Logistics
Globe Newswire - Fri Jul 01, 7:20AM CDT
SAN ANTONIO - July 1, 2016 - Tesoro Corporation (NYSE:TSO, Tesoro) and Tesoro Logistics LP (NYSE:TLLP) today announced that subsidiaries of Tesoro have executed an agreement for the sale of storage and terminalling assets in Alaska to TLLP for a total consideration of $444 million.
TSO: 75.27 (+1.27), TLLP: 49.62 (+1.40)
California attorney general subpoenas refiners on gas prices
By DAVID KOENIG - AP - Thu Jun 30, 7:09PM CDT
The California attorney general has issued subpoenas to several oil refiners to learn how they set gasoline prices, which are consistently higher in California than in most other states.
VLO: 49.00 (+0.51), TSO: 75.27 (+1.27), CVX: 107.06 (+1.67)
Tesoro Affiliate Acquires Refinery Business in North Dakota
Zacks Equity Research - Zacks Investment Research - Wed Jun 29, 9:58AM CDT
Tesoro Refining & Marketing Company LLC, an affiliate of independent refiner Tesoro Corp. (TSO), has purchased Dakota Prairie Refining, LLC. The acquired company is an oil refinery in southwestern North Dakota with strategic access to advantaged Bakken crude oil.
SSL: 27.92 (+0.74), TSO: 75.27 (+1.27), MDU: 24.09 (+0.05), CLMT: 4.63 (+0.11)
Tesoro Corp. buys struggling oil refinery in North Dakota
By BLAKE NICHOLSON - AP - Tue Jun 28, 10:51AM CDT
BISMARCK, N.D. (AP) — Texas-based Tesoro Corp. has bought an oil refinery in southwestern North Dakota that has struggled to turn a profit due to a dramatic fall in demand and low diesel prices.
TSO: 75.27 (+1.27), MDU: 24.09 (+0.05), CLMT: 4.63 (+0.11)
Tesoro acquires Dakota Prairie Refining business in North Dakota
Globe Newswire - Tue Jun 28, 7:01AM CDT
SAN ANTONIO, Texas, June 28, 2016 - Tesoro Corporation (NYSE: TSO), through its affiliate Tesoro Refining & Marketing Company LLC, has acquired Dakota Prairie Refining, LLC (DPR), which owns a refinery near Dickinson, North Dakota, with strategic access to advantaged Bakken crude oil and is located just 100 miles west of the Tesoro Mandan Refinery.
TSO: 75.27 (+1.27), TLLP: 49.62 (+1.40)
Major battle over oil terminal unfolds in Pacific Northwest
By PHUONG LE - AP - Sat Jun 25, 8:06PM CDT
SEATTLE (AP) — Two companies proposing to build what would be the nation's largest oil-by-rail marine terminal along the Columbia River in Washington see it as an opportunity to link domestic crude oil from the Midwest to a West Coast port.
TSO: 75.27 (+1.27)
Tesoro (TSO) Affiliates Buy Alaskan Assets from Flint Hills
Zacks Equity Research - Zacks Investment Research - Tue Jun 21, 8:31AM CDT
Tesoro Corporation (TSO) announced that its subsidiaries Tesoro Alaska Company and Tesoro Alaska Terminals have acquired certain wholesale marketing and logistics assets from Wichita, KS-based Flint Hills Resou
TSO: 75.27 (+1.27), ICD: 5.48 (+0.29), ENB: 42.44 (+0.86), TLLP: 49.62 (+1.40)
Tesoro Closes Acquisition of Marketing and Logistics Assets in Alaska
Globe Newswire - Mon Jun 20, 6:00PM CDT
SAN ANTONIO, Texas, June 20, 2016 - Tesoro Corporation (NYSE: TSO), through its affiliates Tesoro Alaska Company LLC and Tesoro Alaska Terminals LLC, has closed the previously announced acquisition of Flint Hills Resources' (FHR) wholesale marketing and logistics assets in Anchorage and Fairbanks, Alaska.
TSO: 75.27 (+1.27), TLLP: 49.62 (+1.40)
Downgrade Alert for Tesoro (TSO)
Comtex SmarTrend(R) - Thu Jun 16, 3:04AM CDT
Tesoro (NYSE:TSO) was downgraded from Outperform to Neutral at Credit Suisse today. The stock closed yesterday at $73.20 on volume of 2.7 million shares, above average daily volume of 2.0 million. Over the past year, Tesoro has traded in a range of $67.80 to $119.67 and closed yesterday at $73.20, 8% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 0.3%.
TSO: 75.27 (+1.27)
Stock Market News for June 15, 2016
Zacks Equity Research - Zacks Investment Research - Wed Jun 15, 9:10AM CDT
Benchmarks ended in the red on Tuesday as anxiety over Federal Open Market Committee's (FOMC) policy meeting and concerns regarding "Brexit" continued to weigh on investor sentiment
AXP: 63.01 (+0.85), TSO: 75.27 (+1.27), COG: 26.31 (+0.71), C: 43.21 (+0.92), HAL: 46.10 (+1.62), XOM: 94.66 (+0.77), WFC: 48.33 (+0.25), BAC: 13.55 (+0.34), SYF: 28.00 (+0.33), CVX: 107.06 (+1.67), MS: 27.19 (+0.73)
Look for Shares of Tesoro to Potentially Pullback after Yesterday's 2.99% Rise
Comtex SmarTrend(R) - Tue Jun 07, 1:45PM CDT
Tesoro (NYSE:TSO) traded in a range yesterday that spanned from a low of $80.31 to a high of $83.14. Yesterday, the shares gained 3.0%, which took the trading range above the 3-day high of $82.95 on volume of 929,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
TSO: 75.27 (+1.27)
After Yesterday's Rally of 2.99% Shares Could Potentially Pullback
Comtex SmarTrend(R) - Tue Jun 07, 1:44PM CDT
Tesoro (NYSE:TSO) traded in a range yesterday that spanned from a low of $80.31 to a high of $83.14. Yesterday, the shares gained 3.0%, which took the trading range above the 3-day high of $82.95 on volume of 929,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
TSO: 75.27 (+1.27)
After Yesterday's Rally of 1.88% Shares Could Potentially Pullback
Comtex SmarTrend(R) - Wed Jun 01, 12:49PM CDT
Tesoro (NYSE:TSO) traded in a range yesterday that spanned from a low of $77.45 to a high of $80.38. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $78.98 on volume of 1.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
TSO: 75.27 (+1.27)
Tesoro Rises 1.88% on Heavy Volume: Watch For Potential Pullback
Comtex SmarTrend(R) - Wed Jun 01, 12:47PM CDT
Tesoro (NYSE:TSO) traded in a range yesterday that spanned from a low of $77.45 to a high of $80.38. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $78.98 on volume of 1.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
TSO: 75.27 (+1.27)