UBS Asset Management Americas Inc. raised its stake in shares of PBF Energy Inc (NYSE:PBF) by 1.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 141,996 shares of the oil and gas company’s stock after acquiring an additional 2,525 shares during the quarter. UBS Asset Management Americas Inc.’s holdings in PBF Energy were worth $5,034,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in PBF. Ffcm LLC boosted its position in PBF Energy by 421.1% during the 4th quarter. Ffcm LLC now owns 4,758 shares of the oil and gas company’s stock valued at $172,000 after acquiring an additional 3,845 shares in the last quarter. Bessemer Group Inc. bought a new stake in PBF Energy during the 4th quarter valued at $207,000. Ingalls & Snyder LLC bought a new stake in PBF Energy during the 4th quarter valued at $209,000. CIBC World Markets Inc. bought a new stake in PBF Energy during the 4th quarter valued at $213,000. Finally, Shelton Capital Management bought a new stake in PBF Energy during the 3rd quarter valued at $218,000.
Several analysts have issued reports on PBF shares. Barclays reaffirmed a “buy” rating and set a $44.00 target price on shares of PBF Energy in a research report on Friday, February 16th. Scotiabank reiterated a “buy” rating and set a $41.00 price objective on shares of PBF Energy in a report on Wednesday, January 10th. Zacks Investment Research lowered PBF Energy from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Morgan Stanley lowered PBF Energy from an “equal weight” rating to an “underweight” rating and set a $37.00 price objective for the company. in a report on Thursday, January 11th. Finally, Goldman Sachs Group lowered PBF Energy from a “neutral” rating to a “sell” rating in a report on Tuesday, November 28th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $34.40.
PBF Energy (NYSE:PBF) last issued its earnings results on Thursday, February 15th. The oil and gas company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.25). The firm had revenue of $6.54 billion during the quarter, compared to analysts’ expectations of $5.23 billion. PBF Energy had a return on equity of 4.97% and a net margin of 1.91%. The business’s revenue was up 37.6% on a year-over-year basis. During the same quarter last year, the business earned ($0.71) EPS. analysts forecast that PBF Energy Inc will post 3.44 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Wednesday, February 28th will be paid a dividend of $0.30 per share. The ex-dividend date is Tuesday, February 27th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.76%. PBF Energy’s payout ratio is currently 32.52%.
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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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