PBF Energy Inc (PBF) Position Trimmed by WBI Investments Inc.

WBI Investments Inc. trimmed its position in shares of PBF Energy Inc (NYSE:PBF) by 61.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,690 shares of the oil and gas company’s stock after selling 53,084 shares during the period. WBI Investments Inc.’s holdings in PBF Energy were worth $1,142,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. BlackRock Inc. increased its holdings in PBF Energy by 3.1% during the first quarter. BlackRock Inc. now owns 9,583,646 shares of the oil and gas company’s stock worth $324,886,000 after buying an additional 289,653 shares during the last quarter. LSV Asset Management increased its holdings in PBF Energy by 32.4% during the first quarter. LSV Asset Management now owns 4,077,399 shares of the oil and gas company’s stock worth $138,223,000 after buying an additional 997,388 shares during the last quarter. Millennium Management LLC acquired a new position in PBF Energy during the fourth quarter worth $55,967,000. Goldman Sachs Group Inc. increased its holdings in PBF Energy by 0.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,176,329 shares of the oil and gas company’s stock worth $41,701,000 after buying an additional 10,698 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in PBF Energy by 6.5% during the first quarter. Northern Trust Corp now owns 1,097,092 shares of the oil and gas company’s stock worth $37,193,000 after buying an additional 66,931 shares during the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

PBF Energy opened at $44.48 on Friday, Marketbeat.com reports. PBF Energy Inc has a one year low of $18.48 and a one year high of $46.40. The firm has a market capitalization of $5.12 billion, a price-to-earnings ratio of 39.02, a P/E/G ratio of 1.41 and a beta of 1.18. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.50 and a current ratio of 1.50.

PBF Energy (NYSE:PBF) last released 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 in the prior year, the firm earned ($0.20) earnings per share. PBF Energy’s revenue for the quarter was up 22.0% on a year-over-year basis. analysts predict that PBF Energy Inc will post 3.24 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 30th. Investors 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 annualized dividend and a dividend yield of 2.70%. PBF Energy’s dividend payout ratio (DPR) is presently 105.26%.

A number of equities analysts recently weighed in on the stock. 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. Morgan Stanley boosted their target price on shares of PBF Energy from $37.00 to $38.00 and gave the stock a “sell” rating in a report on Monday, April 16th. JPMorgan Chase & Co. boosted their target price on shares of PBF Energy from $34.00 to $35.00 and gave the stock an “underweight” rating in a report on Monday, April 9th. Scotiabank restated a “sector perform” rating on shares of PBF Energy in a report on Thursday, April 12th. Finally, Scotia Howard Weill reiterated a “sector perform” rating on shares of PBF Energy in a report on Wednesday, April 11th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $37.10.

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.

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

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