Tesoro Corporation (TSO) Insider sells over 1,000 Shares


Tesoro Corporation (NYSE:TSO), saw an insider lower his holdings with the company. Senior Vice Preisdent of Commerical, Daryl R. Schofield sold 1,451 shares at an average price of $59.98 per share and now directly holds 14,461 shares in the company.

Tesoro Corporation (NYSE:TSO) is a $7.94 billion market cap independent petroleum refiner and marketer operating in the United States.  The Company’s subsidiaries operate through two business segments: manufacture and sell transportation fuels.

In addition, many hedge funds have large involvement with the corporation. D. E. Shaw‘s D E Shaw fund rose it’s profile with the company by 21% last quarter, and now has 7,698,892 shares worth about $389.5 million; Jonathan Auerbach‘s Hound Partners increased it’s exposure by 250% last quarter, now with 6,232,500 shares worth approximately $315 million; while Steadfast Capital Management, the hedge fund run by Robert Pitts saw a 39% raise in it’s activity last quarter, and now has 2,828,338 shares worth around $143 million.

Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.

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