New Amsterdam Partners LLC NY acquired a new stake in PBF Energy Inc. (NYSE:PBF) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 319,337 shares of the oil and gas company’s stock, valued at approximately $7,108,000. PBF Energy makes up about 1.5% of New Amsterdam Partners LLC NY’s holdings, making the stock its 20th largest position. New Amsterdam Partners LLC NY owned approximately 0.29% of PBF Energy at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in PBF. Renaissance Technologies LLC acquired a new position in shares of PBF Energy during the fourth quarter valued at about $488,000. Teachers Advisors LLC boosted its position in shares of PBF Energy by 139.6% in the fourth quarter. Teachers Advisors LLC now owns 359,984 shares of the oil and gas company’s stock valued at $10,036,000 after buying an additional 209,738 shares in the last quarter. Bank of Montreal Can boosted its position in shares of PBF Energy by 18.3% in the first quarter. Bank of Montreal Can now owns 65,521 shares of the oil and gas company’s stock valued at $1,452,000 after buying an additional 10,142 shares in the last quarter. Sanders Morris Harris Inc. acquired a new position in shares of PBF Energy during the first quarter valued at about $2,001,000. Finally, ProShare Advisors LLC boosted its position in shares of PBF Energy by 10.9% in the first quarter. ProShare Advisors LLC now owns 11,255 shares of the oil and gas company’s stock valued at $250,000 after buying an additional 1,110 shares in the last quarter.
PBF Energy Inc. (NYSE PBF) opened at 21.16 on Friday. The firm has a 50 day moving average of $22.29 and a 200 day moving average of $22.17. PBF Energy Inc. has a one year low of $18.48 and a one year high of $30.98. The firm’s market capitalization is $2.32 billion.
PBF Energy (NYSE:PBF) last announced its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by $0.09. The company had revenue of $5.02 billion during the quarter, compared to the consensus estimate of $4.76 billion. PBF Energy had a negative net margin of 0.23% and a negative return on equity of 4.98%. During the same period last year, the company earned $0.14 earnings per share. Equities analysts forecast that PBF Energy Inc. will post $0.37 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th will be paid a $0.30 dividend. The ex-dividend date is Friday, August 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.67%. PBF Energy’s dividend payout ratio (DPR) is presently -363.64%.
Several equities analysts have recently issued reports on PBF shares. Barclays PLC reaffirmed an “outperform” rating on shares of PBF Energy in a research note on Friday, April 14th. Citigroup Inc. reaffirmed a “buy” rating and issued a $37.50 price objective (down previously from $39.00) on shares of PBF Energy in a research note on Saturday, April 22nd. Zacks Investment Research raised shares of PBF Energy from a “sell” rating to a “hold” rating in a research note on Friday, May 5th. Scotiabank set a $24.00 price objective on shares of PBF Energy and gave the stock a “buy” rating in a research note on Saturday, May 6th. Finally, US Capital Advisors reaffirmed a “hold” rating on shares of PBF Energy in a research note on Monday, May 22nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. PBF Energy currently has an average rating of “Hold” and an average target price of $23.33.
In related news, insider Connor Thomas L. O purchased 10,000 shares of the stock in a transaction dated Friday, May 26th. The stock was bought at an average cost of $20.17 per share, with a total value of $201,700.00. Following the purchase, the insider now directly owns 105,135 shares in the company, valued at approximately $2,120,572.95. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Thomas J. Nimbley purchased 50,000 shares of the stock in a transaction dated Tuesday, May 30th. The stock was bought at an average cost of $19.69 per share, with a total value of $984,500.00. Following the completion of the purchase, the chief executive officer now owns 290,000 shares in the company, valued at $5,710,100. The disclosure for this purchase can be found here. Corporate insiders own 2.55% of the company’s stock.
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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