Acropolis Investment Management boosted its position in shares of Tesoro Co. (NYSE:TSO) by 8.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,625 shares of the company’s stock after buying an additional 1,375 shares during the period. Acropolis Investment Management’s holdings in Tesoro were worth $1,963,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Capital Impact Advisors purchased a new position in shares of Tesoro during the fourth quarter worth approximately $959,000. Natixis Asset Management boosted 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. Detwiler Fenton Investment Management purchased a new position in shares of Tesoro during the fourth quarter worth approximately $250,000. CIBC World Markets boosted its position in shares of Tesoro by 20.4% in the fourth quarter. CIBC World Markets now owns 73,386 shares of the company’s stock worth $7,733,000 after buying an additional 12,418 shares during the last quarter. Finally, Fox Run Management purchased a new position in shares of Tesoro during the fourth quarter worth approximately $295,000.

Tesoro Co. (NYSE:TSO) opened at 83.06 on Friday. The company has a 50-day moving average price of $98.96 and a 200-day moving average price of $101.99. The stock has a market capitalization of $10.17 billion and a price-to-earnings ratio of 6.43. Tesoro Co. has a 12-month low of $79.66 and a 12-month high of $119.67.

Tesoro (NYSE:TSO) last posted its earnings results on Wednesday, October 28th. The company reported $6.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.02 by $0.46. During the same period in the previous year, the company posted $3.06 EPS. The company earned $7.74 billion during the quarter, compared to analysts’ expectations of $7.10 billion. Tesoro’s quarterly revenue was down 30.6% compared to the same quarter last year. On average, equities research analysts forecast that Tesoro Co. will post $14.18 earnings per share for the current year.

Several equities research analysts recently commented on the company. Barclays reaffirmed a “buy” rating and issued a $137.00 price target on shares of Tesoro in a report on Monday, October 12th. RBC Capital increased their price target on Tesoro from $107.00 to $112.00 and gave the company a “sector perform” rating in a report on Thursday, December 10th. Citigroup Inc. reaffirmed a “hold” rating and issued a $105.00 price target on shares of Tesoro in a report on Wednesday, October 21st. Credit Suisse reaffirmed an “outperform” rating on shares of Tesoro in a report on Friday, December 4th. Finally, Deutsche Bank cut Tesoro from a “buy” rating to a “hold” rating and cut their price target for the company from $131.00 to $128.00 in a report on Thursday, December 10th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Tesoro has an average rating of “Hold” and an average target price of $116.29.

In related news, VP Tracy Dawn Jackson sold 2,359 shares of the company’s stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $110.00, for a total value of $259,490.00. Following the sale, the vice president now owns 6,145 shares of the company’s stock, valued at approximately $675,950. The transaction was disclosed in a filing with the SEC, which is available through this link.

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.

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