Breton Hill Capital Ltd. raised its position in shares of PBF Energy Inc. (NYSE:PBF) by 74.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,213 shares of the oil and gas company’s stock after buying an additional 14,184 shares during the period. Breton Hill Capital Ltd.’s holdings in PBF Energy were worth $739,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Huntington National Bank purchased a new position in PBF Energy during the second quarter worth about $126,000. US Bancorp DE increased its position in PBF Energy by 6.4% in the second quarter. US Bancorp DE now owns 9,498 shares of the oil and gas company’s stock worth $212,000 after buying an additional 570 shares during the period. State Treasurer State of Michigan purchased a new position in PBF Energy during the second quarter worth about $1,006,000. Aperio Group LLC increased its position in PBF Energy by 37.0% in the second quarter. Aperio Group LLC now owns 24,139 shares of the oil and gas company’s stock worth $537,000 after buying an additional 6,514 shares during the period. Finally, Louisiana State Employees Retirement System purchased a new position in PBF Energy during the second quarter worth about $637,000.
Shares of PBF Energy Inc. (NYSE PBF) traded down 2.37% on Tuesday, reaching $22.67. The company had a trading volume of 1,821,073 shares. The company has a market capitalization of $2.49 billion, a P/E ratio of 13.57 and a beta of 1.40. The company has a 50 day moving average of $22.24 and a 200-day moving average of $22.25. PBF Energy Inc. has a 52 week low of $18.48 and a 52 week high of $30.98.
PBF Energy (NYSE:PBF) last posted its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported ($0.06) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.09. PBF Energy had a negative net margin of 0.23% and a negative return on equity of 4.98%. The business had revenue of $5.02 billion during the quarter, compared to analyst estimates of $4.76 billion. During the same quarter in the prior year, the business earned $0.14 earnings per share. Analysts predict that PBF Energy Inc. will post $0.36 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 5.29%. The ex-dividend date of this dividend is Friday, August 11th. PBF Energy’s dividend payout ratio is presently -363.64%.
A number of research firms have issued reports on PBF. Citigroup Inc. decreased their price objective on PBF Energy from $33.50 to $33.00 and set a “buy” rating for the company in a report on Monday. BidaskClub upgraded PBF Energy from a “sell” rating to a “hold” rating in a report on Friday. Scotiabank set a $24.00 price target on PBF Energy and gave the company a “buy” rating in a report on Thursday, August 3rd. Zacks Investment Research upgraded PBF Energy from a “sell” rating to a “hold” rating in a report on Friday, July 28th. Finally, Wolfe Research downgraded PBF Energy from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $23.33.
In other news, insider Connor Thomas L. O bought 10,000 shares of the business’s stock in a transaction dated Friday, May 26th. The shares were acquired at an average price of $20.17 per share, for a total transaction of $201,700.00. Following the completion of the transaction, the insider now owns 105,135 shares of the company’s stock, valued at $2,120,572.95. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Thomas J. Nimbley bought 50,000 shares of the business’s stock in a transaction dated Tuesday, May 30th. The shares were purchased at an average price of $19.69 per share, for a total transaction of $984,500.00. Following the transaction, the chief executive officer now directly owns 290,000 shares of the company’s stock, valued at approximately $5,710,100. The disclosure for this purchase can be found here. 2.55% of the stock is owned by company insiders.
About PBF Energy
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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