) pushed the Basic Materials sector lower today making it today's featured Basic Materials laggard. The sector as a whole closed the day up 0.7%. By the end of trading, Tesoro Corporation fell $1.31 (-2.4%) to $52.79 on light volume. Throughout the day, 2,718,879 shares of Tesoro Corporation exchanged hands as compared to its average daily volume of 3,891,300 shares. The stock ranged in price between $52.70-$54.84 after having opened the day at $54.58 as compared to the previous trading day's close of $54.10. Other companies within the Basic Materials sector that declined today were:
), down 57.7%,
), down 15.6%,
), down 12.7% and
), down 11.4%.
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Tesoro Corporation, together with its subsidiaries, engages in refining and marketing petroleum products in the United States. It operates in two segments, Refining and Retail. Tesoro Corporation has a market cap of $7.2 billion and is part of the energy industry. The company has a P/E ratio of 9.6, below the S&P 500 P/E ratio of 17.7. Shares are up 22.8% year to date as of the close of trading on Wednesday. Currently there are 9 analysts that rate Tesoro Corporation a buy, no analysts rate it a sell, and 4 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins.
- You can view the full Tesoro Corporation Ratings Report.
On the positive front,
), up 20.8%,
), up 18.4%,
), up 18.1% and
), up 16.9% , were all gainers within the basic materials sector with
) being today's featured basic materials sector leader.
- Use our basic materials section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider
) while those bearish on the basic materials sector could consider
- Find other investment ideas from our top rated ETFs lists.