PBF Energy (PBF) Holdings Trimmed by Comerica Securities Inc.

Comerica Securities Inc. lowered its position in PBF Energy (NYSE:PBF) by 1.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 124,366 shares of the oil and gas company’s stock after selling 2,250 shares during the quarter. Comerica Securities Inc. owned 0.11% of PBF Energy worth $4,216,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in PBF. Credit Agricole S A increased its position in PBF Energy by 18.1% during the 4th quarter. Credit Agricole S A now owns 32,000 shares of the oil and gas company’s stock valued at $1,134,000 after purchasing an additional 4,914 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its position in PBF Energy by 260.8% during the 4th quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 120,778 shares of the oil and gas company’s stock valued at $4,282,000 after purchasing an additional 87,300 shares during the period. River Road Asset Management LLC increased its position in PBF Energy by 0.6% during the 4th quarter. River Road Asset Management LLC now owns 592,025 shares of the oil and gas company’s stock valued at $20,987,000 after purchasing an additional 3,420 shares during the period. BlackRock Inc. increased its position in PBF Energy by 3.0% during the 4th quarter. BlackRock Inc. now owns 9,293,993 shares of the oil and gas company’s stock valued at $329,471,000 after purchasing an additional 268,354 shares during the period. Finally, Spark Investment Management LLC increased its position in PBF Energy by 343.5% during the 4th quarter. Spark Investment Management LLC now owns 678,600 shares of the oil and gas company’s stock valued at $24,056,000 after purchasing an additional 525,600 shares during the period.

Shares of PBF Energy opened at $44.40 on Friday, according to Marketbeat.com. PBF Energy has a 12-month low of $41.49 and a 12-month high of $42.11. The company has a current ratio of 1.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $4.72 billion, a P/E ratio of 38.95, a PEG ratio of 1.33 and a beta of 1.18.

PBF Energy (NYSE:PBF) last issued its earnings results on Thursday, May 3rd. The oil and gas company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.10). PBF Energy had a return on equity of 4.39% and a net margin of 2.09%. The firm had revenue of $5.80 billion during the quarter, compared to the consensus estimate of $5.43 billion. During the same quarter in the prior year, the business earned ($0.20) earnings per share. PBF Energy’s revenue for the quarter was up 22.0% on a year-over-year basis. sell-side analysts forecast that PBF Energy will post 3.16 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 30th. Investors of record on Tuesday, May 15th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date is Monday, May 14th. PBF Energy’s dividend payout ratio is currently 105.26%.

A number of analysts have weighed in on PBF shares. Citigroup increased their target price on shares of PBF Energy from $37.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Barclays reissued a “buy” rating and set a $44.00 target price on shares of PBF Energy in a research report on Friday, February 16th. ValuEngine raised shares of PBF Energy from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Royal Bank of Canada restated a “hold” rating and set a $34.00 price target on shares of PBF Energy in a report on Tuesday, January 30th. Finally, Piper Jaffray restated a “hold” rating and set a $35.00 price target on shares of PBF Energy in a report on Friday, February 23rd. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating, two have issued 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 $37.10.

PBF Energy Company 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.

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

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