First Trust Advisors LP lowered its stake in shares of PBF Energy Inc (NYSE:PBF) by 84.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 78,819 shares of the oil and gas company’s stock after selling 418,830 shares during the period. First Trust Advisors LP owned approximately 0.07% of PBF Energy worth $2,794,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ffcm LLC raised its holdings in shares of PBF Energy by 421.1% during the fourth quarter. Ffcm LLC now owns 4,758 shares of the oil and gas company’s stock valued at $172,000 after purchasing an additional 3,845 shares during the period. Bessemer Group Inc. bought a new stake in shares of PBF Energy during the fourth quarter worth about $207,000. Ingalls & Snyder LLC bought a new stake in shares of PBF Energy during the fourth quarter worth about $209,000. CIBC World Markets Inc. bought a new stake in shares of PBF Energy during the fourth quarter worth about $213,000. Finally, Shelton Capital Management bought a new stake in shares of PBF Energy during the third quarter worth about $218,000.
Shares of PBF Energy Inc (NYSE PBF) opened at $31.26 on Friday. PBF Energy Inc has a 52-week low of $18.48 and a 52-week high of $37.01. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.57 and a quick ratio of 0.66. The stock has a market cap of $3,425.30, a PE ratio of 27.15, a price-to-earnings-growth ratio of 0.89 and a beta of 1.24.
PBF Energy (NYSE:PBF) last issued its quarterly earnings data on Thursday, February 15th. The oil and gas company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.25). PBF Energy had a return on equity of 4.97% and a net margin of 1.91%. The firm had revenue of $6.54 billion during the quarter, compared to the consensus estimate of $5.23 billion. During the same period in the previous year, the company posted ($0.71) earnings per share. The company’s revenue for the quarter was up 37.6% on a year-over-year basis. equities analysts predict that PBF Energy Inc will post 3.47 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 14th. Shareholders of record on Wednesday, February 28th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date was Tuesday, February 27th. PBF Energy’s payout ratio is 32.52%.
Several research firms have recently commented on PBF. Zacks Investment Research downgraded shares of PBF Energy from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Scotiabank reissued a “buy” rating and set a $41.00 target price on shares of PBF Energy in a research report on Wednesday, January 10th. Morgan Stanley downgraded shares of PBF Energy from an “equal weight” rating to an “underweight” rating and set a $37.00 target price for the company. in a research report on Thursday, January 11th. Citigroup boosted their target price on shares of PBF Energy from $37.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Finally, Goldman Sachs Group downgraded shares of PBF Energy from a “neutral” rating to a “sell” rating in a research report on Tuesday, November 28th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $34.40.
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.
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