Nationwide Fund Advisors lowered its position in shares of PBF Energy Inc. (NYSE:PBF) by 3.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 203,635 shares of the oil and gas company’s stock after selling 6,559 shares during the period. Nationwide Fund Advisors owned 0.19% of PBF Energy worth $5,622,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in the company. Fox Run Management L.L.C. bought a new position in shares of PBF Energy during the third quarter worth about $298,000. Mutual of America Capital Management LLC grew its position in shares of PBF Energy by 2.2% during the third quarter. Mutual of America Capital Management LLC now owns 554,316 shares of the oil and gas company’s stock worth $15,305,000 after acquiring an additional 12,162 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in shares of PBF Energy by 6.8% during the second quarter. Public Employees Retirement System of Ohio now owns 48,678 shares of the oil and gas company’s stock worth $1,084,000 after acquiring an additional 3,100 shares during the last quarter. Ameritas Investment Partners Inc. bought a new position in shares of PBF Energy during the second quarter worth about $715,000. Finally, Nomura Holdings Inc. bought a new position in shares of PBF Energy during the second quarter worth about $227,000.
Shares of PBF Energy Inc. (NYSE:PBF) traded up $1.20 during midday trading on Thursday, reaching $33.83. 2,430,300 shares of the company’s stock were exchanged, compared to its average volume of 2,401,703. PBF Energy Inc. has a 52 week low of $18.48 and a 52 week high of $33.94. The company has a quick ratio of 0.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.81. The firm has a market cap of $3,590.48, a P/E ratio of 69.43, a price-to-earnings-growth ratio of 1.94 and a beta of 1.46.
PBF Energy (NYSE:PBF) last issued its quarterly earnings results on Thursday, November 2nd. The oil and gas company reported $1.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.22. PBF Energy had a net margin of 1.14% and a return on equity of 2.35%. The company had revenue of $5.48 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same period in the prior year, the company earned ($0.16) EPS. PBF Energy’s revenue was up 21.4% on a year-over-year basis. sell-side analysts anticipate that PBF Energy Inc. will post 1.68 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 29th. Shareholders of record on Monday, November 13th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date of this dividend was Friday, November 10th. PBF Energy’s payout ratio is 57.42%.
A number of brokerages recently issued reports on PBF. J P Morgan Chase & Co lowered shares of PBF Energy from a “neutral” rating to an “underweight” rating in a research report on Tuesday. Goldman Sachs Group lowered shares of PBF Energy from a “neutral” rating to a “sell” rating in a research report on Tuesday, November 28th. Barclays upgraded shares of PBF Energy from an “underweight” rating to an “overweight” rating and increased their target price for the company from $28.00 to $39.00 in a research report on Tuesday, November 14th. Zacks Investment Research upgraded shares of PBF Energy from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research report on Friday, November 10th. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $30.00 target price on shares of PBF Energy in a research report on Tuesday, November 7th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $28.00.
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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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