Great West Life Assurance Co. Can boosted its holdings in shares of PBF Energy Inc (NYSE:PBF) by 6.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 78,934 shares of the oil and gas company’s stock after purchasing an additional 4,443 shares during the period. Great West Life Assurance Co. Can’s holdings in PBF Energy were worth $2,678,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of PBF. Millennium Management LLC purchased a new position in PBF Energy during the 4th quarter worth $55,967,000. LSV Asset Management grew its position in PBF Energy by 32.4% during the 1st quarter. LSV Asset Management now owns 4,077,399 shares of the oil and gas company’s stock worth $138,223,000 after purchasing an additional 997,388 shares during the last quarter. JPMorgan Chase & Co. grew its position in PBF Energy by 9.6% during the 1st quarter. JPMorgan Chase & Co. now owns 8,515,620 shares of the oil and gas company’s stock worth $288,681,000 after purchasing an additional 745,284 shares during the last quarter. Prudential Financial Inc. grew its position in PBF Energy by 1,049.9% during the 1st quarter. Prudential Financial Inc. now owns 797,182 shares of the oil and gas company’s stock worth $27,025,000 after purchasing an additional 727,857 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in PBF Energy during the 4th quarter worth $21,897,000. 95.50% of the stock is currently owned by institutional investors.
Shares of PBF Energy opened at $47.08 on Thursday, according to MarketBeat Ratings. The company has a quick ratio of 0.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.74. PBF Energy Inc has a 52 week low of $19.46 and a 52 week high of $50.99. The stock has a market capitalization of $5.43 billion, a P/E ratio of 41.30, a P/E/G ratio of 1.48 and a beta of 1.26.
PBF Energy (NYSE:PBF) last announced its quarterly earnings data on Thursday, May 3rd. The oil and gas company reported ($0.29) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by ($0.10). PBF Energy had a net margin of 2.09% and a return on equity of 4.39%. The company had revenue of $5.80 billion during the quarter, compared to analyst estimates of $5.43 billion. During the same quarter last year, the business earned ($0.20) EPS. The firm’s revenue for the quarter was up 22.0% on a year-over-year basis. research analysts anticipate that PBF Energy Inc will post 3.26 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 30th. Investors of record on Tuesday, May 15th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.55%. The ex-dividend date was Monday, May 14th. PBF Energy’s dividend payout ratio (DPR) is 105.26%.
Several analysts have recently weighed in on the stock. Barclays reaffirmed a “buy” rating and issued a $44.00 target price on shares of PBF Energy in a report on Friday, February 16th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $35.00 target price on shares of PBF Energy in a report on Friday, February 23rd. Cowen downgraded shares of PBF Energy from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $30.00 to $31.00 in a report on Friday, February 16th. Credit Suisse Group assumed coverage on shares of PBF Energy in a report on Monday, April 9th. They issued a “neutral” rating and a $37.00 target price on the stock. Finally, Citigroup downgraded shares of PBF Energy from a “buy” rating to a “neutral” rating and set a $37.00 target price on the stock. in a report on Wednesday, April 18th. They noted that the move was a valuation call. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $38.00.
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.
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