Trilogy Capital Inc. Reduces Stake in PBF Energy Inc (PBF)

Trilogy Capital Inc. lessened its holdings in PBF Energy Inc (NYSE:PBF) by 20.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,747 shares of the oil and gas company’s stock after selling 1,249 shares during the quarter. Trilogy Capital Inc.’s holdings in PBF Energy were worth $237,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of PBF. Bank of New York Mellon Corp raised its holdings in PBF Energy by 86.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,003,420 shares of the oil and gas company’s stock valued at $167,862,000 after buying an additional 1,850,884 shares during the last quarter. OppenheimerFunds Inc. increased its position in PBF Energy by 408.3% during the 2nd quarter. OppenheimerFunds Inc. now owns 1,026,916 shares of the oil and gas company’s stock valued at $43,059,000 after purchasing an additional 824,871 shares during the period. Allianz Asset Management GmbH increased its position in PBF Energy by 114.9% during the 1st quarter. Allianz Asset Management GmbH now owns 1,080,440 shares of the oil and gas company’s stock valued at $36,627,000 after purchasing an additional 577,582 shares during the period. Hennessy Advisors Inc. increased its position in PBF Energy by 579.1% during the 3rd quarter. Hennessy Advisors Inc. now owns 520,900 shares of the oil and gas company’s stock valued at $25,998,000 after purchasing an additional 444,200 shares during the period. Finally, Cookson Peirce & Co. Inc. acquired a new stake in PBF Energy during the 2nd quarter valued at approximately $18,523,000. Institutional investors and hedge funds own 94.18% of the company’s stock.

A number of analysts have weighed in on PBF shares. Goldman Sachs Group raised shares of PBF Energy from a “sell” rating to a “neutral” rating in a research report on Friday, September 7th. Wells Fargo & Co decreased their target price on shares of PBF Energy from $63.00 to $59.00 and set an “outperform” rating for the company in a research report on Friday, August 10th. Morgan Stanley set a $54.00 target price on shares of PBF Energy and gave the company a “sell” rating in a research report on Friday, October 12th. Citigroup increased their target price on shares of PBF Energy from $50.00 to $55.00 and gave the company a “hold” rating in a research report on Friday, September 7th. Finally, Credit Suisse Group increased their target price on shares of PBF Energy from $46.00 to $53.00 and gave the company a “neutral” rating in a research report on Friday, October 5th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $45.58.

Shares of PBF stock opened at $43.17 on Friday. The company has a market cap of $4.63 billion, a PE ratio of 37.87, a P/E/G ratio of 0.95 and a beta of 1.47. PBF Energy Inc has a 52 week low of $28.25 and a 52 week high of $53.91. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.66 and a quick ratio of 0.63.

PBF Energy (NYSE:PBF) last announced its quarterly earnings data on Wednesday, October 31st. The oil and gas company reported $1.13 EPS for the quarter, topping the consensus estimate of $1.03 by $0.10. The company had revenue of $7.65 billion during the quarter, compared to the consensus estimate of $7.21 billion. PBF Energy had a net margin of 3.40% and a return on equity of 9.82%. The company’s quarterly revenue was up 39.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.44 EPS. On average, sell-side analysts expect that PBF Energy Inc will post 2.76 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Thursday, November 15th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.78%. The ex-dividend date is Wednesday, November 14th. PBF Energy’s dividend payout ratio (DPR) is 105.26%.

About PBF Energy

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

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