StockCall Review on Hess and Tesoro: Oil Companies Offer Good Returns
by PR Newswire
LONDON, February 27, 2013 /PRNewswire/ --
Oil and gas sector seems poised to get out of the current slump as Tesoro Corporation (NYSE: TSO) offered excellent return to its investors. Its quarterly result was also encouraging. Refining stocks are performing well as oil production is at high levels, resulting in low crude prices. This improves margins for the refiners as displayed by the results of Tesoro Corporation. Hess Corporation (NYSE: HES), on the other hand, is dealing with activist investors. The issue is likely to be dragged for a long time. StockCall analysts initiated preliminary technical research on Hess and Tesoro. These free reports are accessible by signing today at
Tesoro Corporation Announces Q4 Results
Tesoro Corporation recently paid 20 cents per share in quarterly dividend. Its dividend yield stands at 1.47 percent while its stock grew 23 percent so far this year. Capital gain with modest but steady dividend payment makes this stock an attractive investment option. Tesoro Corporation stock clocked 96 percent growth in the past 52 weeks. The free technical analysis on Hess Corp. is available by signing up at
For its fourth quarter, Tesoro Corporation reported its adjusted income at $1.34 per share, though, it missed to meet consensus estimate of $1.46 per share in net income. Its revenue jumped up to $8.2 billion and the company also improved its margins. Analysts were expecting the company to announce its revenue at $7.07 billion. The company also provided its full year results as its revenue stood at $32.97 billion, up 8.8 percent. Tesoro Corporation's net income stood at $5.25 per share, up from $3.81 per share it had earned in the previous year.
Tesoro Corporation is expected to benefit from favorable brent crude pricing. With general improvement in the domestic economy, the company's performance is set to improve this year. These developments are positive catalysts for the company stock, which is likely to maintain its bullish stance. The company stock recently hit its new 52 weeks high price and is currently in the bullish phase.
Hess Corporation Reports Q4 Results
Hess Corp. is dealing with internal shareholders issues. Leading activist investor Paul Singer of Elliott Management Corp. is pushing for a board makeover for the company. Hess has a 14 member board and Paul Singer seeks appointment of outside directors to the board, undercutting founding family's impact. Apart from this, the company is also under pressure to sell its trading unit. The unit is partly owned by Hess Corp. Elliott Management holds 4 percent stake in the company and is known for its influence over its target companies. Overall, the impact of Singer's action may eventually be beneficial for the stock price. Register now to download the free research on Tesoro Corp. at
Hess is an integrated upstream company. In the past 52 weeks, its stock lost 3 percent of the value. However, it recovered this year and is up 22 percent on a YTD basis. The company offers negligible dividend yield of 0.62 percent. The stock is currently in the uptrend and the stance is likely to continue into the near future as the company met consensus estimates for its quarterly sales.
The company reported its fourth quarter revenue at $9.70 billion, beating the consensus estimate of $9.68 billion. For its EPS, it logged $1.20 per share figure. It was expected to announce its EPS at $1.23 per share and it narrowly missed the target. Overall trend for Hess seems positive.
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