Tesoro (NYSE:TSO) Profit Hikes 66% on Higher Refining Margins – TSO, VLO, WNR, ALJ

Tesoro Corporation (NYSE:TSO) announced fiscal Q1 earnings moved up 66 percent as the company continued to announce stronger refining margins and higher fuel sales.

The independent refiner booked a profit of $93 million or 67 cents per share, high from $56 million or 39 cents per share in previous year.

Excluding special costs linked with the acquisition of BP’s Southern California refining and marketing unit, the most recent quarter’s earnings were 73 cents per share. Revenue moved up 4.3 percent to $8.16 billion.

Thomson Reuters analysts survey most recently forecasted earnings of 70 cents per share and $6.59 billion of revenue.
Gross margin broadened to 10.1 percent from 8.3 percent. Operating costs hiked 15 percent.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Valero Energy Corporation (NYSE:VLO) fell -3.82% to settle at $38.78, Western Refining, Inc. (NYSE:WNR) moved down -1.52% to end at $30.44 while Alon USA Energy, Inc. (NYSE:ALJ) jumped +0.12% to finish at $16.62 on Wednesday.

Tesoro Corporation (NYSE:TSO) on May 01, 2013 decreased -4.74% to the closing price of $50.87. The overall volume in the last trading session was 4.16 million shares. Its fifty two weeks range was $20.77 – $59.90. The total market capitalization remained at $6.99 billion.

TSO is ahead of its 52-week low with 147.45% and lagging behind from its 52-week high price with -15.08%. TSO’s last month’s stock price volatility remained 3.99%. In its share capital TSO has 137.10 million outstanding shares, among them 136.58 million shares have been floated in market exchange. TSO’s stock’s institutional ownership remained 95.09% while insider ownership included 0.19%.

The stock price of TSO is moving forward from its 20 days moving average with -2.99% and remote positively from 50 days moving average with -7.51%. TSO’s current year’s earnings per share experienced an addition with 37.81% while its current quarter performance remained at 6.18%. Company’s beta coefficient included 1.50. Beta factors measure the amount of market risk associated with market trade.

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