ANDV
Andeavor
Energy
07/14/2014
Presented
| Date | 07/09/2014 |
| Price | $59.00 |
| Market Cap | $7.63B |
| Ent Value | $10.85B |
| P/E Ratio | 13.85x |
| Book Value | $35.69 |
| Div Yield | 1.9% |
| Shares O/S | 129.32M |
| Ave Daily Vol | 2,730,000 |
| Short Int | 5.52% |
Current
| Price | $153.50 |
| Market Cap | $23.20B |
| Andeavor, together with its subsidiaries, is engaged in refining and marketing petroleum products in the United States. It operates in two segments, Refining and Retail. The Refining segment refines crude oil and other feed stocks into transportation fuels, such as gasoline, gasoline blend stocks, jet fuel, and diesel fuel, as well as other products, including heavy fuel oils, liquefied petroleum gas, petroleum coke, and asphalt. This segment also sells refined products in the wholesale market primarily through independent unbranded distributors; and in the bulk market primarily to independent unbranded distributors, other refining and marketing companies, utilities, railroads, airlines, marine, and industrial end-users in the western United States. It owns and operates 6 refineries with a combined crude oil capacity of approximately 850 thousand barrels per day. The Retail segment sells gasoline, diesel fuel, and convenience store items through company-operated retail stations, and third-party branded dealers and distributors in the western United States. As of December 31, 2013, it operated approximately 2,264 retail stations under the Tesoro, Shell, ARCO, Mobil, Exxon, and USA Gasoline brands. Tesoro Corporation was founded in 1939 and is headquartered in San Antonio, Texas. |
Please note, on 8/1/17 Tesoro Corporation (TSO) changed its company name and ticker to Endeavor (ANDV). The content of this idea will make reference to the original company name and ticker symbol.
Publicly traded companies mentioned herein: Tesoro Corporation (TSO), Tesoro Logistics LP (TLLP), Sunoco Logistics Partners (SXL), MPLX LP (MPLX).
Highlights
The presenter likens shares of Tesoro to the Sunoco situation of a few years ago. Known to most as a California refining play, the presenter regards it as more of a logistics and restructuring story that is poorly understood and inaccurately modeled. In addition to gas stations and refining assets, the company owns the general partner of Tesoro Logistics LP (TLLP), an MLP he anticipates will be a secular grower in the logistics business. He believes the company will be well-positioned to aggressively buy back stock with free cash flow generation in excess of analysts’ estimates, and that the stock could as much as double over the next two years.
◆Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.
◆Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.