Goldman Sachs Group Inc. lifted its position in PBF Energy Inc (NYSE:PBF) by 0.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,176,329 shares of the oil and gas company’s stock after purchasing an additional 10,698 shares during the quarter. Goldman Sachs Group Inc. owned 1.07% of PBF Energy worth $41,701,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of PBF. Ffcm LLC boosted its holdings in shares of PBF Energy by 421.1% in the 4th quarter. Ffcm LLC now owns 4,758 shares of the oil and gas company’s stock worth $172,000 after purchasing an additional 3,845 shares in the last quarter. Bessemer Group Inc. purchased a new position in shares of PBF Energy in the 4th quarter worth about $207,000. Ingalls & Snyder LLC purchased a new position in shares of PBF Energy in the 4th quarter worth about $209,000. CIBC World Markets Inc. purchased a new position in shares of PBF Energy in the 4th quarter worth about $213,000. Finally, Shelton Capital Management purchased a new position in shares of PBF Energy in the 3rd quarter worth about $218,000.
Several brokerages recently weighed in on PBF. Scotiabank restated a “buy” rating and set a $41.00 target price on shares of PBF Energy in a report on Wednesday, January 10th. Barclays restated a “buy” rating and set a $44.00 target price on shares of PBF Energy in a report on Friday, February 16th. Citigroup increased their target price on PBF Energy from $37.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. ValuEngine upgraded PBF Energy from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Piper Jaffray Companies restated a “hold” rating and set a $35.00 target price on shares of PBF Energy in a report on Friday, February 23rd. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. PBF Energy has a consensus rating of “Hold” and a consensus price target of $34.40.
PBF Energy (NYSE:PBF) last released its quarterly earnings results on Thursday, February 15th. The oil and gas company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.25). The business had revenue of $6.54 billion for the quarter, compared to the consensus estimate of $5.23 billion. PBF Energy had a net margin of 1.91% and a return on equity of 4.97%. The company’s revenue for the quarter was up 37.6% on a year-over-year basis. During the same period in the previous year, the company earned ($0.71) EPS. equities research analysts forecast that PBF Energy Inc will post 3.47 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 14th. Shareholders of record on Wednesday, February 28th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date was Tuesday, February 27th. PBF Energy’s payout ratio is 32.52%.
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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