Mason Street Advisors LLC Has $1.45 Million Stock Holdings in PBF Energy Inc (NYSE:PBF)

Mason Street Advisors LLC cut its stake in PBF Energy Inc (NYSE:PBF) by 16.3% during the third quarter, HoldingsChannel reports. The fund owned 53,444 shares of the oil and gas company’s stock after selling 10,438 shares during the quarter. Mason Street Advisors LLC’s holdings in PBF Energy were worth $1,453,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Invesco Ltd. increased its stake in shares of PBF Energy by 29.9% in the second quarter. Invesco Ltd. now owns 2,297,906 shares of the oil and gas company’s stock worth $71,924,000 after acquiring an additional 528,380 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of PBF Energy by 97.1% in the second quarter. Van ECK Associates Corp now owns 1,217,755 shares of the oil and gas company’s stock worth $38,116,000 after acquiring an additional 599,870 shares during the last quarter. Towle & Co. increased its stake in shares of PBF Energy by 132.0% in the second quarter. Towle & Co. now owns 1,150,514 shares of the oil and gas company’s stock worth $36,011,000 after acquiring an additional 654,670 shares during the last quarter. Nuveen Asset Management LLC acquired a new position in shares of PBF Energy in the second quarter worth $32,081,000. Finally, Prudential PLC increased its stake in shares of PBF Energy by 9.7% in the second quarter. Prudential PLC now owns 1,016,100 shares of the oil and gas company’s stock worth $31,804,000 after acquiring an additional 90,000 shares during the last quarter. 83.28% of the stock is currently owned by institutional investors and hedge funds.

PBF Energy stock opened at $33.46 on Monday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.56 and a quick ratio of 0.64. The company has a market capitalization of $4.03 billion, a price-to-earnings ratio of 10.26, a PEG ratio of 6.18 and a beta of 1.65. PBF Energy Inc has a one year low of $21.09 and a one year high of $40.28. The company’s fifty day moving average price is $29.90 and its two-hundred day moving average price is $27.63.

PBF Energy (NYSE:PBF) last posted its earnings results on Thursday, October 31st. The oil and gas company reported $0.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.07. The firm had revenue of $6.43 billion for the quarter, compared to the consensus estimate of $6.29 billion. PBF Energy had a negative net margin of 0.36% and a positive return on equity of 4.77%. The business’s quarterly revenue was down 15.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.13 earnings per share. As a group, sell-side analysts anticipate that PBF Energy Inc will post 0.79 earnings per share for the current year.

The company also recently declared a dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.30 per share. This is a boost from PBF Energy’s previous dividend of $0.29. The ex-dividend date is Wednesday, November 13th. PBF Energy’s dividend payout ratio is 36.81%.

In other news, insider Carso S.A. De C.V. Inversora purchased 80,000 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was bought at an average cost of $23.59 per share, for a total transaction of $1,887,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have acquired 984,836 shares of company stock valued at $25,365,521 over the last 90 days. Corporate insiders own 3.50% of the company’s stock.

A number of equities analysts have recently weighed in on PBF shares. Royal Bank of Canada set a $32.00 price target on shares of PBF Energy and gave the stock a “hold” rating in a research note on Friday, November 1st. Cowen raised shares of PBF Energy from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $30.00 to $42.00 in a research report on Monday, October 21st. Raymond James reissued an “outperform” rating and set a $39.00 target price (up from $34.00) on shares of PBF Energy in a research report on Friday, November 1st. JPMorgan Chase & Co. set a $30.00 target price on shares of PBF Energy and gave the stock a “sell” rating in a research report on Friday, November 1st. Finally, Wells Fargo & Co increased their target price on shares of PBF Energy from $39.00 to $41.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. PBF Energy presently has a consensus rating of “Hold” and an average target price of $39.67.

About PBF Energy

PBF Energy, Inc engages in the operation of a petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States. It operates through the Refining and Logistics segments. The Refining segment refines crude oil and other feedstocks into petroleum products.

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

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