American Century Companies Inc. Buys 198,253 Shares of PBF Energy (PBF)

American Century Companies Inc. boosted its stake in shares of PBF Energy (NYSE:PBF) by 104.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 388,915 shares of the oil and gas company’s stock after acquiring an additional 198,253 shares during the quarter. American Century Companies Inc. owned about 0.35% of PBF Energy worth $13,184,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Trexquant Investment LP acquired a new stake in PBF Energy during the 1st quarter worth approximately $705,000. Meeder Asset Management Inc. lifted its position in PBF Energy by 30.4% during the 1st quarter. Meeder Asset Management Inc. now owns 33,454 shares of the oil and gas company’s stock worth $1,133,000 after acquiring an additional 7,806 shares during the period. Mackay Shields LLC acquired a new stake in PBF Energy during the 1st quarter worth approximately $19,082,000. Algert Global LLC lifted its position in PBF Energy by 70.1% during the 1st quarter. Algert Global LLC now owns 134,611 shares of the oil and gas company’s stock worth $4,563,000 after acquiring an additional 55,463 shares during the period. Finally, Alps Advisors Inc. acquired a new stake in PBF Energy during the 1st quarter worth approximately $532,000.

A number of analysts have weighed in on the company. Barclays reaffirmed a “buy” rating and set a $44.00 price objective on shares of PBF Energy in a research report on Friday, February 16th. Scotia Howard Weill reaffirmed a “sector perform” rating on shares of PBF Energy in a research report on Wednesday, April 11th. Citigroup increased their price objective on PBF Energy from $37.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Morgan Stanley increased their price objective on PBF Energy from $37.00 to $38.00 and gave the stock a “sell” rating in a research report on Monday, April 16th. Finally, ValuEngine raised PBF Energy from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. PBF Energy has a consensus rating of “Hold” and a consensus price target of $37.10.

PBF opened at $45.00 on Friday. The company has a quick ratio of 0.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $4.98 billion, a PE ratio of 39.47, a price-to-earnings-growth ratio of 1.40 and a beta of 1.18. PBF Energy has a 12 month low of $18.48 and a 12 month high of $45.52.

PBF Energy (NYSE:PBF) last posted its quarterly earnings results on Thursday, May 3rd. The oil and gas company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.10). The business had revenue of $5.80 billion during the quarter, compared to analyst estimates of $5.43 billion. PBF Energy had a net margin of 2.09% and a return on equity of 4.39%. The firm’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.20) earnings per share. research analysts forecast that PBF Energy will post 3.16 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 30th. Investors of record on Tuesday, May 15th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.67%. The ex-dividend date is Monday, May 14th. PBF Energy’s payout ratio is currently 105.26%.

PBF Energy Profile

PBF Energy Inc, together with its subsidiaries, engages in the refining and supply of petroleum products. The company operates through two segments, Refining and Logistics. It produces gasoline, ultra-low-sulfur diesel, heating oil, diesel fuel, jet fuel, lubricants, petrochemicals, and asphalt, as well as unbranded transportation fuels, petrochemical feedstocks, blending components, and other petroleum products.

Institutional Ownership by Quarter for PBF Energy (NYSE:PBF)

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