|Day's Range||96.38 - 98.24|
|52 Week Range||72.78 - 98.24|
|PE Ratio (TTM)||16.17|
|Earnings Date||Aug 8, 2017|
|Dividend & Yield||2.20 (2.25%)|
|1y Target Est||108.50|
Rating Action: Moody's upgrades Tesoro to investment grade. Global Credit Research- 20 Jul 2017. Approximately $3 billion of rated debt affected.
Tesoro Corporation (TSO) recently inked three-year transportation and storage agreement with Mexico's Pemex to cash in on the growing demand of refined fuels in the country.
U.S. refiner Tesoro Corp could begin transporting gasoline and diesel through the pipeline network owned by Mexico's national oil company Pemex in September, an executive with the Mexican firm said on Wednesday. On Tuesday, Tesoro signed three-year contracts with Pemex to use surplus capacity on Pemex pipelines and storage facilities in the northern border states of Baja California and Sonora, capacity won by the U.S. refiner at auction in May. "Tesoro has to notify Pemex at least 30 days before the arrival of its first cargo, and so this implies that by the beginning of September we would expect to receive the first cargo," said Ignacio Aguilar, director of Pemex Logistics.