First Citizens Bank & Trust Co. increased its stake in shares of PBF Energy Inc (NYSE:PBF) by 38.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,937 shares of the oil and gas company’s stock after purchasing an additional 3,031 shares during the period. First Citizens Bank & Trust Co.’s holdings in PBF Energy were worth $341,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Oregon Public Employees Retirement Fund raised its holdings in PBF Energy by 3,260.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,568,389 shares of the oil and gas company’s stock valued at $48,000 after acquiring an additional 1,521,723 shares during the last quarter. Penserra Capital Management LLC raised its holdings in PBF Energy by 675.4% in the 4th quarter. Penserra Capital Management LLC now owns 3,784 shares of the oil and gas company’s stock valued at $123,000 after acquiring an additional 3,296 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its holdings in PBF Energy by 53.5% in the 4th quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 4,790 shares of the oil and gas company’s stock valued at $156,000 after acquiring an additional 1,670 shares during the last quarter. Great Lakes Advisors LLC acquired a new position in PBF Energy in the 3rd quarter valued at $221,000. Finally, Magnus Financial Group LLC acquired a new position in PBF Energy in the 4th quarter valued at $229,000. Hedge funds and other institutional investors own 95.23% of the company’s stock.
In other news, CEO Thomas J. Nimbley acquired 25,000 shares of the business’s stock in a transaction on Monday, March 11th. The shares were purchased at an average price of $30.03 per share, for a total transaction of $750,750.00. Following the acquisition, the chief executive officer now directly owns 365,990 shares of the company’s stock, valued at approximately $10,990,679.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 3.20% of the company’s stock.
Shares of NYSE PBF opened at $32.52 on Wednesday. PBF Energy Inc has a 52-week low of $28.66 and a 52-week high of $53.91. The firm has a market cap of $3.86 billion, a PE ratio of 9.91, a P/E/G ratio of 1.53 and a beta of 1.37. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.52 and a quick ratio of 0.64.
PBF Energy (NYSE:PBF) last issued its quarterly earnings data on Thursday, February 14th. The oil and gas company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.26. PBF Energy had a net margin of 0.47% and a return on equity of 11.96%. The firm had revenue of $6.29 billion for the quarter, compared to analyst estimates of $6.62 billion. During the same quarter in the previous year, the business posted ($0.04) EPS. The firm’s revenue was down 3.7% compared to the same quarter last year. As a group, sell-side analysts expect that PBF Energy Inc will post 2.44 EPS for the current fiscal year.
Several research analysts have weighed in on PBF shares. Raymond James cut their price target on PBF Energy from $50.00 to $43.00 and set an “outperform” rating for the company in a report on Monday, December 31st. Credit Suisse Group cut their price target on PBF Energy from $51.00 to $47.00 and set a “neutral” rating for the company in a report on Monday, January 7th. Morgan Stanley upgraded PBF Energy from an “equal weight” rating to an “overweight” rating and cut their price target for the company from $50.00 to $48.00 in a report on Wednesday, January 9th. Piper Jaffray Companies reiterated an “overweight” rating on shares of PBF Energy in a report on Thursday, January 10th. Finally, Barclays reiterated a “buy” rating and issued a $62.00 price target on shares of PBF Energy in a report on Friday, January 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $49.56.
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About PBF Energy
PBF Energy Inc, together with its subsidiaries, engages in refining and supplying petroleum products. The company operates in 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.
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