Victory Capital Management Inc. Has $11.83 Million Stake in PBF Energy Inc. (PBF)

Victory Capital Management Inc. lifted its holdings in shares of PBF Energy Inc. (NYSE:PBF) by 9.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 428,332 shares of the oil and gas company’s stock after acquiring an additional 36,900 shares during the quarter. Victory Capital Management Inc. owned 0.39% of PBF Energy worth $11,826,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nomura Asset Management Co. Ltd. increased its position in shares of PBF Energy by 50.0% during the first quarter. Nomura Asset Management Co. Ltd. now owns 4,740 shares of the oil and gas company’s stock worth $105,000 after acquiring an additional 1,580 shares during the last quarter. Creative Planning increased its position in shares of PBF Energy by 92.7% during the second quarter. Creative Planning now owns 5,203 shares of the oil and gas company’s stock worth $116,000 after acquiring an additional 2,503 shares during the last quarter. Flinton Capital Management LLC purchased a new stake in shares of PBF Energy during the second quarter worth about $119,000. Huntington National Bank purchased a new stake in shares of PBF Energy during the second quarter worth about $126,000. Finally, Sei Investments Co. increased its position in shares of PBF Energy by 391.7% during the second quarter. Sei Investments Co. now owns 6,043 shares of the oil and gas company’s stock worth $134,000 after acquiring an additional 4,814 shares during the last quarter.

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A number of analysts have recently issued reports on the company. Barclays PLC raised PBF Energy from an “underweight” rating to an “overweight” rating in a research report on Tuesday. TheStreet raised PBF Energy from a “c” rating to a “b” rating in a research report on Thursday, November 2nd. Royal Bank Of Canada reaffirmed a “hold” rating and set a $30.00 target price on shares of PBF Energy in a research report on Tuesday, November 7th. Zacks Investment Research downgraded PBF Energy from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, Tudor Pickering upgraded PBF Energy from a “hold” rating to a “buy” rating in a research note on Monday, November 6th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. PBF Energy presently has a consensus rating of “Hold” and an average target price of $26.56.

Shares of PBF Energy Inc. (NYSE:PBF) opened at $30.77 on Tuesday. PBF Energy Inc. has a twelve month low of $18.48 and a twelve month high of $32.05. The firm has a market capitalization of $3,443.03, a P/E ratio of 66.57, a PEG ratio of 1.97 and a beta of 1.42. The company has a current ratio of 1.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.81.

PBF Energy (NYSE:PBF) last announced its earnings results on Thursday, November 2nd. The oil and gas company reported $1.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.22. PBF Energy had a return on equity of 2.35% and a net margin of 1.14%. The firm had revenue of $5.48 billion for the quarter, compared to analysts’ expectations of $4.90 billion. During the same quarter in the previous year, the company earned ($0.16) earnings per share. The firm’s quarterly revenue was up 21.4% compared to the same quarter last year. sell-side analysts forecast that PBF Energy Inc. will post 1.59 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Monday, November 13th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $1.20 annualized dividend and a dividend yield of 3.90%. PBF Energy’s dividend payout ratio is currently 57.42%.

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.

Institutional Ownership by Quarter for PBF Energy (NYSE:PBF)

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