Zeke Capital Advisors LLC decreased its holdings in PBF Energy Inc (NYSE:PBF) by 27.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,484 shares of the oil and gas company’s stock after selling 8,832 shares during the quarter. Zeke Capital Advisors LLC’s holdings in PBF Energy were worth $731,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also made changes to their positions in the stock. Magnus Financial Group LLC acquired a new position in PBF Energy in the 4th quarter valued at about $229,000. Prudential Financial Inc. lifted its stake in shares of PBF Energy by 53.1% during the 4th quarter. Prudential Financial Inc. now owns 1,238,091 shares of the oil and gas company’s stock worth $40,448,000 after purchasing an additional 429,226 shares during the period. Morgan Stanley lifted its stake in shares of PBF Energy by 68.6% during the 3rd quarter. Morgan Stanley now owns 1,034,602 shares of the oil and gas company’s stock worth $51,637,000 after purchasing an additional 421,070 shares during the period. Hsbc Holdings PLC lifted its stake in shares of PBF Energy by 620.6% during the 4th quarter. Hsbc Holdings PLC now owns 58,485 shares of the oil and gas company’s stock worth $1,911,000 after purchasing an additional 50,369 shares during the period. Finally, Teachers Advisors LLC lifted its stake in shares of PBF Energy by 7.4% during the 3rd quarter. Teachers Advisors LLC now owns 266,780 shares of the oil and gas company’s stock worth $13,315,000 after purchasing an additional 18,427 shares during the period. 92.37% of the stock is owned by institutional investors.
In other PBF Energy news, CEO Thomas J. Nimbley acquired 25,000 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were acquired at an average cost of $30.03 per share, for a total transaction of $750,750.00. Following the completion of the acquisition, the chief executive officer now directly owns 365,990 shares of the company’s stock, valued at approximately $10,990,679.70. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.50% of the company’s stock.
Several analysts recently issued reports on the company. ValuEngine upgraded PBF Energy from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. TheStreet cut shares of PBF Energy from a “b” rating to a “c+” rating in a research report on Friday, February 15th. Morgan Stanley set a $42.00 target price on shares of PBF Energy and gave the stock a “buy” rating in a report on Friday, May 17th. Bank of America raised PBF Energy from an “underperform” rating to a “neutral” rating in a report on Monday, April 29th. Finally, Tudor Pickering lowered shares of PBF Energy from a “buy” rating to a “hold” rating in a research note on Friday, February 8th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. PBF Energy presently has an average rating of “Hold” and a consensus price target of $48.33.
PBF traded down $0.13 during trading on Friday, hitting $28.68. The stock had a trading volume of 2,081,757 shares, compared to its average volume of 1,794,467. PBF Energy Inc has a 12 month low of $28.01 and a 12 month high of $53.91. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.53 and a quick ratio of 0.54. The company has a market capitalization of $3.45 billion, a PE ratio of 8.80, a price-to-earnings-growth ratio of 1.72 and a beta of 1.39.
PBF Energy (NYSE:PBF) last posted its earnings results on Wednesday, May 1st. The oil and gas company reported ($1.18) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.95) by ($0.23). PBF Energy had a net margin of 1.23% and a return on equity of 8.25%. The business had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $5.29 billion. During the same period in the previous year, the firm earned ($0.29) EPS. The business’s revenue was down 10.1% compared to the same quarter last year. Analysts anticipate that PBF Energy Inc will post 1.91 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Wednesday, May 15th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $1.20 annualized dividend and a yield of 4.18%. PBF Energy’s dividend payout ratio is currently 36.81%.
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PBF Energy Profile
PBF Energy, Inc engages in the operation of a petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States. It operates through the Refining and Logistics segments. The Refining segment refines crude oil and other feedstocks into petroleum products.
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