Aperio Group LLC boosted its holdings in PBF Energy Inc. (NYSE:PBF) by 13.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,445 shares of the oil and gas company’s stock after acquiring an additional 3,306 shares during the period. Aperio Group LLC’s holdings in PBF Energy were worth $758,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Creative Planning lifted its stake in PBF Energy by 92.7% during the second quarter. Creative Planning now owns 5,203 shares of the oil and gas company’s stock worth $116,000 after purchasing an additional 2,503 shares in the last quarter. Flinton Capital Management LLC purchased a new stake in shares of PBF Energy during the second quarter worth $119,000. Huntington National Bank purchased a new position in PBF Energy in the second quarter valued at $126,000. Sei Investments Co. increased its holdings in PBF Energy by 391.7% in the second quarter. Sei Investments Co. now owns 6,043 shares of the oil and gas company’s stock valued at $134,000 after buying an additional 4,814 shares during the last quarter. Finally, Riverhead Capital Management LLC purchased a new position in PBF Energy in the second quarter valued at $186,000.
Several research firms have issued reports on PBF. Cowen restated a “buy” rating and issued a $30.00 price objective on shares of PBF Energy in a research note on Thursday, August 17th. BidaskClub downgraded shares of PBF Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. Macquarie reiterated a “neutral” rating on shares of PBF Energy in a research note on Monday, October 23rd. Tudor Pickering upgraded shares of PBF Energy from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research raised shares of PBF Energy from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a report on Thursday, October 5th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $28.00.
PBF Energy Inc. (PBF) traded up $0.62 on Thursday, hitting $32.80. 1,739,240 shares of the stock traded hands, compared to its average volume of 2,412,056. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.50 and a quick ratio of 0.50. PBF Energy Inc. has a one year low of $18.48 and a one year high of $33.75. The company has a market cap of $3,616.88, a P/E ratio of 69.94, a P/E/G ratio of 2.00 and a beta of 1.46.
PBF Energy (NYSE:PBF) last announced its quarterly earnings data on Thursday, November 2nd. The oil and gas company reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.22. The business had revenue of $5.48 billion during the quarter, compared to the consensus estimate of $4.90 billion. PBF Energy had a net margin of 1.14% and a return on equity of 2.35%. The company’s revenue for the quarter was up 21.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.16) EPS. sell-side analysts expect that PBF Energy Inc. will post 1.65 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 29th. Investors of record on Monday, November 13th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.66%. The ex-dividend date was Friday, November 10th. PBF Energy’s dividend payout ratio is presently 57.42%.
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About PBF Energy
PBF Energy Inc (PBF Energy) is a holding company. The Company is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the United States. The Company operates through two segments: Refining and Logistics.
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