Teachers Advisors LLC decreased its position in shares of PBF Energy Inc. (NYSE:PBF) by 8.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 135,228 shares of the oil and gas company’s stock after selling 12,395 shares during the quarter. Teachers Advisors LLC owned approximately 0.12% of PBF Energy worth $3,010,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Utah Retirement Systems increased its position in shares of PBF Energy by 1.0% in the 2nd quarter. Utah Retirement Systems now owns 20,100 shares of the oil and gas company’s stock valued at $447,000 after buying an additional 200 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of PBF Energy by 1.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 26,436 shares of the oil and gas company’s stock valued at $586,000 after acquiring an additional 316 shares in the last quarter. US Bancorp DE lifted its stake in PBF Energy by 6.4% in the 2nd quarter. US Bancorp DE now owns 9,498 shares of the oil and gas company’s stock valued at $212,000 after purchasing an additional 570 shares during the last quarter. Stifel Financial Corp lifted its stake in PBF Energy by 9.0% in the 1st quarter. Stifel Financial Corp now owns 9,919 shares of the oil and gas company’s stock valued at $221,000 after purchasing an additional 818 shares during the last quarter. Finally, First Heartland Consultants Inc. lifted its stake in PBF Energy by 1.9% in the 2nd quarter. First Heartland Consultants Inc. now owns 54,452 shares of the oil and gas company’s stock valued at $1,212,000 after purchasing an additional 1,000 shares during the last quarter.
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PBF Energy Inc. (NYSE PBF) traded up 1.05% during midday trading on Friday, hitting $28.04. 539,597 shares of the stock traded hands. The company’s market cap is $3.08 billion. PBF Energy Inc. has a 52-week low of $18.48 and a 52-week high of $30.98. The firm’s 50-day moving average is $26.53 and its 200-day moving average is $22.98.
PBF Energy (NYSE:PBF) last posted its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported ($0.06) EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.09). The company had revenue of $5.02 billion during the quarter, compared to the consensus estimate of $4.76 billion. PBF Energy had a negative return on equity of 4.98% and a negative net margin of 0.23%. During the same quarter in the previous year, the company posted $0.14 earnings per share. Analysts predict that PBF Energy Inc. will post $1.20 EPS for the current year.
A number of research analysts recently issued reports on the stock. Zacks Investment Research raised shares of PBF Energy from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Saturday, October 14th. ValuEngine upgraded shares of PBF Energy from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Barclays PLC reiterated an “underweight” rating and set a $26.00 price objective (up previously from $24.00) on shares of PBF Energy in a report on Tuesday, October 10th. Citigroup Inc. dropped their price objective on shares of PBF Energy from $33.50 to $33.00 and set a “buy” rating on the stock in a report on Monday, August 7th. Finally, Tudor Pickering raised shares of PBF Energy from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Three analysts have rated the stock with a sell rating, nine have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. PBF Energy currently has a consensus rating of “Hold” and a consensus price target of $25.78.
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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