Teachers Retirement System of The State of Kentucky Reduces Position in PBF Energy Inc. (PBF)

Teachers Retirement System of The State of Kentucky reduced its position in PBF Energy Inc. (NYSE:PBF) by 15.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,900 shares of the oil and gas company’s stock after selling 4,590 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in PBF Energy were worth $577,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. BlackRock Inc. raised its position in PBF Energy by 14,494.7% in the 1st quarter. BlackRock Inc. now owns 4,696,870 shares of the oil and gas company’s stock valued at $104,130,000 after buying an additional 4,664,688 shares during the last quarter. JPMorgan Chase & Co. raised its position in PBF Energy by 8.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 11,884,657 shares of the oil and gas company’s stock valued at $264,551,000 after buying an additional 953,577 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in PBF Energy in the 1st quarter valued at $19,439,000. Bank of New York Mellon Corp raised its position in PBF Energy by 65.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,967,406 shares of the oil and gas company’s stock valued at $43,795,000 after buying an additional 779,766 shares during the last quarter. Finally, State Street Corp raised its position in PBF Energy by 15.9% in the 1st quarter. State Street Corp now owns 3,358,240 shares of the oil and gas company’s stock valued at $74,446,000 after buying an additional 460,879 shares during the last quarter.

Several equities research analysts have recently issued reports on PBF shares. Zacks Investment Research raised PBF Energy from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. Scotiabank set a $24.00 target price on PBF Energy and gave the company a “buy” rating in a research report on Thursday, August 3rd. Piper Jaffray Companies reaffirmed a “hold” rating and set a $20.00 target price on shares of PBF Energy in a research report on Friday, July 14th. BidaskClub lowered PBF Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. Finally, Barclays PLC reaffirmed an “underweight” rating and set a $26.00 target price (up from $24.00) on shares of PBF Energy in a research report on Tuesday, October 10th. Three analysts have rated the stock with a sell rating, nine have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $25.78.

Shares of PBF Energy Inc. (PBF) traded down 0.36% on Friday, reaching $27.65. The company’s stock had a trading volume of 89,536 shares. The company’s 50-day moving average is $26.53 and its 200 day moving average is $22.98. PBF Energy Inc. has a 12-month low of $18.48 and a 12-month high of $30.98. The company’s market capitalization is $3.03 billion.

PBF Energy (NYSE:PBF) last released its earnings results on Thursday, August 3rd. The oil and gas company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.09). PBF Energy had a negative return on equity of 4.98% and a negative net margin of 0.23%. The business had revenue of $5.02 billion for the quarter, compared to analysts’ expectations of $4.76 billion. During the same quarter in the prior year, the business posted $0.14 EPS. Equities analysts anticipate that PBF Energy Inc. will post $1.20 earnings per share for the current fiscal year.

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PBF Energy Company 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.

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

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