Russell Investments Group Ltd. increased its stake in PBF Energy Inc. (NYSE:PBF) by 1.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,516,043 shares of the oil and gas company’s stock after buying an additional 28,571 shares during the period. Russell Investments Group Ltd. owned approximately 1.38% of PBF Energy worth $33,748,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Renaissance Technologies LLC bought a new position in shares of PBF Energy during the fourth quarter valued at approximately $488,000. Guggenheim Capital LLC raised its position in shares of PBF Energy by 92.9% in the fourth quarter. Guggenheim Capital LLC now owns 73,344 shares of the oil and gas company’s stock valued at $2,045,000 after buying an additional 35,329 shares during the period. Teachers Advisors LLC raised 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 during the period. Denali Advisors LLC bought a new position in shares of PBF Energy during the first quarter valued at approximately $778,000. Finally, Bank of Montreal Can raised 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 during the period.
PBF Energy Inc. (NYSE:PBF) traded down 0.19% during midday trading on Friday, reaching $21.16. 1,824,914 shares of the company were exchanged. The firm’s market cap is $2.32 billion. The firm’s 50-day moving average is $22.29 and its 200-day moving average is $22.17. PBF Energy Inc. has a one year low of $18.48 and a one year high of $30.98.
PBF Energy (NYSE:PBF) last released its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.03 by $0.09. The company had revenue of $5.02 billion during the quarter, compared to analyst estimates 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 in the previous year, the company posted $0.14 EPS. On average, equities analysts expect that PBF Energy Inc. will post $0.37 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 5.67%. The ex-dividend date of this dividend is Friday, August 11th. PBF Energy’s payout ratio is presently -363.64%.
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Several equities analysts recently commented on PBF shares. Barclays PLC reaffirmed an “outperform” rating on shares of PBF Energy in a research report on Friday, April 14th. Citigroup Inc. reaffirmed a “buy” rating and set a $37.50 price target (down previously from $39.00) on shares of PBF Energy in a research report on Saturday, April 22nd. Zacks Investment Research raised shares of PBF Energy from a “sell” rating to a “hold” rating in a research report 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 report on Saturday, May 6th. Finally, US Capital Advisors reissued a “hold” rating on shares of PBF Energy in a research report on Monday, May 22nd. One investment 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. The stock has a consensus rating of “Hold” and a consensus target price of $23.33.
In other PBF Energy news, insider Connor Thomas L. O purchased 10,000 shares of the business’s stock in a transaction on Friday, May 26th. The stock was acquired at an average price of $20.17 per share, with a total value of $201,700.00. Following the acquisition, the insider now directly owns 105,135 shares of the company’s stock, valued at approximately $2,120,572.95. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Thomas J. Nimbley purchased 50,000 shares of the business’s stock in a transaction on Tuesday, May 30th. The shares were acquired at an average cost of $19.69 per share, with a total value of $984,500.00. Following the acquisition, the chief executive officer now directly 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.
PBF Energy Company Profile
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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