MUFG Securities EMEA plc grew its holdings in shares of PBF Energy Inc (NYSE:PBF) by 27.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 152,200 shares of the oil and gas company’s stock after purchasing an additional 33,200 shares during the period. MUFG Securities EMEA plc owned approximately 0.13% of PBF Energy worth $4,972,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Delek Group Ltd. acquired a new position in PBF Energy during the fourth quarter worth about $10,735,000. Nomura Holdings Inc. grew its holdings in PBF Energy by 192.0% during the fourth quarter. Nomura Holdings Inc. now owns 20,630 shares of the oil and gas company’s stock worth $672,000 after acquiring an additional 13,566 shares during the period. American International Group Inc. grew its holdings in PBF Energy by 0.3% during the fourth quarter. American International Group Inc. now owns 244,370 shares of the oil and gas company’s stock worth $7,984,000 after acquiring an additional 789 shares during the period. Geode Capital Management LLC grew its holdings in PBF Energy by 15.8% during the fourth quarter. Geode Capital Management LLC now owns 1,786,685 shares of the oil and gas company’s stock worth $58,370,000 after acquiring an additional 243,762 shares during the period. Finally, ARP Americas LP grew its holdings in PBF Energy by 31.7% during the fourth quarter. ARP Americas LP now owns 30,348 shares of the oil and gas company’s stock worth $991,000 after acquiring an additional 7,300 shares during the period. 94.01% of the stock is currently owned by institutional investors.
PBF has been the subject of a number of recent analyst reports. Barclays reiterated a “buy” rating and issued a $62.00 price target on shares of PBF Energy in a research report on Friday, January 11th. Goldman Sachs Group lowered PBF Energy from a “neutral” rating to a “sell” rating and decreased their price target for the company from $35.00 to $34.00 in a research report on Friday, January 25th. Piper Jaffray Companies reiterated an “overweight” rating on shares of PBF Energy in a research report on Thursday, January 10th. Credit Suisse Group decreased their price target on PBF Energy from $51.00 to $47.00 and set a “neutral” rating for the company in a research report on Monday, January 7th. Finally, Morgan Stanley decreased their price target on PBF Energy from $54.00 to $50.00 and set an “underweight” rating for the company in a research report on Tuesday, November 20th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $48.40.
PBF Energy (NYSE:PBF) last released its earnings results on Thursday, February 14th. The oil and gas company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.26. The company had revenue of $6.29 billion during the quarter, compared to the consensus estimate of $6.62 billion. PBF Energy had a return on equity of 11.96% and a net margin of 0.47%. The firm’s quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.04) earnings per share. On average, equities research analysts predict that PBF Energy Inc will post 2.89 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Thursday, February 28th were given a dividend of $0.30 per share. The ex-dividend date was Wednesday, February 27th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.69%. PBF Energy’s payout ratio is currently 36.81%.
In other news, CEO Thomas J. Nimbley bought 25,000 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was bought at an average price of $30.03 per share, for a total transaction of $750,750.00. Following the completion of the transaction, the chief executive officer now directly owns 365,990 shares in the company, valued at approximately $10,990,679.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.20% of the company’s stock.
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About PBF Energy
PBF Energy Inc, together with its subsidiaries, engages in the refining and supply of petroleum products. The company operates through two segments, Refining and Logistics. It produces gasoline, ultra-low-sulfur diesel, heating oil, diesel fuel, jet fuel, lubricants, petrochemicals, and asphalt, as well as unbranded transportation fuels, petrochemical feedstocks, blending components, and other petroleum products.
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