Glen Harbor Capital Management LLC lifted its position in shares of PBF Energy Inc (NYSE:PBF) by 773.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 110,488 shares of the oil and gas company’s stock after purchasing an additional 97,832 shares during the quarter. Glen Harbor Capital Management LLC owned 0.10% of PBF Energy worth $3,746,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Hanseatic Management Services Inc. raised its position in shares of PBF Energy by 559.5% during the first quarter. Hanseatic Management Services Inc. now owns 3,146 shares of the oil and gas company’s stock worth $107,000 after purchasing an additional 2,669 shares during the period. Ffcm LLC raised its position 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 worth $172,000 after purchasing an additional 3,845 shares during the period. Bessemer Group Inc. acquired a new position in shares of PBF Energy during the fourth quarter worth approximately $207,000. CIBC World Markets Inc. acquired a new position in shares of PBF Energy during the fourth quarter worth approximately $213,000. Finally, Verition Fund Management LLC acquired a new position in shares of PBF Energy during the fourth quarter worth approximately $222,000. 95.90% of the stock is currently owned by institutional investors.
PBF has been the topic of a number of research reports. Citigroup upped their target price on PBF Energy from $37.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Royal Bank of Canada reaffirmed a “hold” rating and set a $34.00 target price on shares of PBF Energy in a research report on Tuesday, January 30th. ValuEngine raised PBF Energy from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Barclays reissued a “buy” rating and issued a $44.00 price target on shares of PBF Energy in a research report on Friday, February 16th. Finally, Cowen lowered PBF Energy from an “outperform” rating to a “market perform” rating and increased their price target for the company from $30.00 to $31.00 in a research report on Friday, February 16th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $37.10.
PBF Energy opened at $45.17 on Thursday, according to Marketbeat. The firm has a market capitalization of $5.05 billion, a P/E ratio of 39.62, a P/E/G ratio of 1.39 and a beta of 1.18. PBF Energy Inc has a 12 month low of $18.48 and a 12 month high of $46.40. 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 (NYSE:PBF) last released its quarterly earnings results on Thursday, May 3rd. The oil and gas company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.10). The company had revenue of $5.80 billion during the quarter, compared to analysts’ expectations of $5.43 billion. PBF Energy had a net margin of 2.09% and a return on equity of 4.39%. The company’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.20) earnings per share. equities analysts expect that PBF Energy Inc will post 3.24 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 30th. Shareholders of record on Tuesday, May 15th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Monday, May 14th. This represents a $1.20 dividend on an annualized basis and a yield of 2.66%. PBF Energy’s dividend payout ratio (DPR) is presently 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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