Millennium Management LLC purchased a new stake in shares of PBF Energy Inc (NYSE:PBF) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 1,578,765 shares of the oil and gas company’s stock, valued at approximately $55,967,000. Millennium Management LLC owned about 1.43% of PBF Energy at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the company. Meadow Creek Investment Management LLC lifted its holdings in shares of PBF Energy by 24.5% during the 4th quarter. Meadow Creek Investment Management LLC now owns 9,944 shares of the oil and gas company’s stock valued at $353,000 after buying an additional 1,958 shares during the last quarter. Hartree Partners LP lifted its holdings in shares of PBF Energy by 25.0% during the 4th quarter. Hartree Partners LP now owns 48,125 shares of the oil and gas company’s stock valued at $1,706,000 after buying an additional 9,625 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of PBF Energy by 20.5% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 51,928 shares of the oil and gas company’s stock valued at $1,841,000 after buying an additional 8,852 shares during the last quarter. Cornerstone Capital Management Holdings LLC. lifted its holdings in shares of PBF Energy by 1,611.5% during the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 520,304 shares of the oil and gas company’s stock valued at $18,443,000 after buying an additional 489,904 shares during the last quarter. Finally, Greenwich Investment Management Inc. bought a new position in shares of PBF Energy in the 4th quarter valued at approximately $236,000.
PBF Energy Inc (PBF) opened at $31.52 on Tuesday. The company has a quick ratio of 0.66, a current ratio of 1.57 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $3,547.04, a P/E ratio of 28.11, a price-to-earnings-growth ratio of 0.92 and a beta of 1.24. PBF Energy Inc has a 1 year low of $18.48 and a 1 year high of $37.01.
PBF Energy (NYSE:PBF) last issued its quarterly earnings results on Thursday, February 15th. The oil and gas company reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.25). The business had revenue of $6.54 billion during the quarter, compared to the consensus estimate of $5.23 billion. PBF Energy had a return on equity of 4.97% and a net margin of 1.91%. The business’s quarterly revenue was up 37.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.71) earnings per share. equities analysts anticipate that PBF Energy Inc will post 3.47 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 14th. Shareholders of record on Wednesday, February 28th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.81%. The ex-dividend date was Tuesday, February 27th. PBF Energy’s dividend payout ratio is currently 32.52%.
A number of research analysts recently weighed in on PBF shares. Barclays reissued a “buy” rating and issued a $44.00 price objective on shares of PBF Energy in a research note on Friday, February 16th. Scotiabank reissued a “buy” rating and issued a $41.00 price objective on shares of PBF Energy in a research note on Wednesday, January 10th. Zacks Investment Research downgraded PBF Energy from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Morgan Stanley downgraded PBF Energy from an “equal weight” rating to an “underweight” rating and set a $37.00 price objective on the stock. in a research note on Thursday, January 11th. Finally, Goldman Sachs downgraded PBF Energy from a “neutral” rating to a “sell” rating in a research note on Tuesday, November 28th. Five analysts have rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $34.40.
PBF Energy Profile
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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