Tesoro Co. (NYSE:TSO) had its price objective dropped by Deutsche Bank from $127.00 to $123.00 in a note issued to investors on Tuesday, Analyst Ratings Network.com reports. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price target suggests a potential upside of 48.53% from the stock’s current price.

Several large investors have recently bought and sold shares of TSO. Gerstein Fisher purchased a new stake in Tesoro during the third quarter worth $272,000. KBC Group increased its stake in Tesoro by 1.3% in the third quarter. KBC Group now owns 64,923 shares of the company’s stock worth $6,313,000 after buying an additional 822 shares during the period. Natixis Asset Management increased its position in shares of Tesoro by 19.5% in the third quarter. Natixis Asset Management now owns 7,234 shares of the company’s stock worth $703,000 after buying an additional 1,182 shares during the last quarter. Chevy Chase Trust Holdings increased its position in shares of Tesoro by 0.6% in the fourth quarter. Chevy Chase Trust Holdings now owns 99,522 shares of the company’s stock worth $10,486,000 after buying an additional 603 shares during the last quarter. Finally, Meeder Asset Management increased its position in shares of Tesoro by 76.4% in the fourth quarter. Meeder Asset Management now owns 44,025 shares of the company’s stock worth $4,638,000 after buying an additional 19,061 shares during the last quarter.

In other news, VP Tracy Dawn Jackson sold 2,359 shares of the firm’s stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $110.00, for a total transaction of $259,490.00. Following the completion of the sale, the vice president now directly owns 6,145 shares of the company’s stock, valued at approximately $675,950. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Several other research analysts have also recently weighed in on TSO. Credit Suisse raised their target price on Tesoro from $130.00 to $135.00 and gave the company an “outperform” rating in a research note on Monday, November 2nd. Barclays raised their target price on Tesoro from $137.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, November 2nd. Oppenheimer reaffirmed an “outperform” rating and set a $120.00 target price on shares of Tesoro in a research note on Monday, November 2nd. RBC Capital raised their target price on Tesoro from $107.00 to $112.00 and gave the company a “sector perform” rating in a research note on Thursday, December 10th. Finally, Zacks Investment Research cut Tesoro from a “buy” rating to a “hold” rating in a research note on Thursday, November 26th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $116.29.

Tesoro (NYSE:TSO) traded up 1.05% on Tuesday, hitting $83.68. 1,700,372 shares of the stock were exchanged. The company’s 50-day moving average is $99.69 and its 200-day moving average is $102.12. The company has a market cap of $10.25 billion and a PE ratio of 6.48. Tesoro has a 52 week low of $78.84 and a 52 week high of $119.67.

Tesoro (NYSE:TSO) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $6.48 EPS for the quarter, beating analysts’ consensus estimates of $6.02 by $0.46. The business had revenue of $7.74 billion for the quarter, compared to analyst estimates of $7.10 billion. During the same period last year, the business posted $3.06 earnings per share. Tesoro’s revenue for the quarter was down 30.6% on a year-over-year basis. On average, analysts predict that Tesoro will post $14.16 earnings per share for the current year.

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 (NYSE:TSO) 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.

12 Month Chart for NYSE:TSO

Receive News & Ratings for Tesoro Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesoro Co. and related companies with MarketBeat.com's FREE daily email newsletter.