UBS Asset Management Americas Inc. increased its position in PBF Energy Inc (NYSE:PBF) by 1.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 141,996 shares of the oil and gas company’s stock after buying an additional 2,525 shares during the period. UBS Asset Management Americas Inc. owned 0.13% of PBF Energy worth $5,034,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of PBF. Aperio Group LLC lifted its position in shares of PBF Energy by 13.7% in the third quarter. Aperio Group LLC now owns 27,445 shares of the oil and gas company’s stock worth $758,000 after buying an additional 3,306 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of PBF Energy in the third quarter worth about $622,000. Victory Capital Management Inc. raised its position in PBF Energy by 9.4% during the third quarter. Victory Capital Management Inc. now owns 428,332 shares of the oil and gas company’s stock valued at $11,826,000 after purchasing an additional 36,900 shares during the period. Chicago Equity Partners LLC raised its position in PBF Energy by 213.5% during the third quarter. Chicago Equity Partners LLC now owns 73,175 shares of the oil and gas company’s stock valued at $2,020,000 after purchasing an additional 49,835 shares during the period. Finally, Principal Financial Group Inc. raised its position in PBF Energy by 0.4% during the third quarter. Principal Financial Group Inc. now owns 471,124 shares of the oil and gas company’s stock valued at $13,007,000 after purchasing an additional 2,107 shares during the period.
PBF has been the topic of a number of recent research reports. Barclays upgraded PBF Energy from an “underweight” rating to an “overweight” rating and upped their price objective for the company from $28.00 to $39.00 in a research report on Tuesday, November 14th. Citigroup upped their price objective on PBF Energy from $37.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Goldman Sachs Group downgraded PBF Energy from a “neutral” rating to a “sell” rating in a research report on Tuesday, November 28th. Scotiabank restated a “buy” rating and set a $40.00 price objective on shares of PBF Energy in a research report on Thursday, December 21st. Finally, Zacks Investment Research upgraded PBF Energy from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research report on Saturday, December 23rd. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $34.40.
PBF Energy (NYSE:PBF) last announced its quarterly earnings data on Thursday, February 15th. The oil and gas company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.25). PBF Energy had a return on equity of 4.97% and a net margin of 1.91%. The firm had revenue of $6.54 billion during the quarter, compared to the consensus estimate of $5.23 billion. During the same period last year, the company earned ($0.71) EPS. The firm’s revenue for the quarter was up 37.6% compared to the same quarter last year. sell-side analysts forecast that PBF Energy Inc will post 3.44 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 14th. Investors of record on Wednesday, February 28th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $1.20 annualized dividend and a yield of 3.76%. PBF Energy’s dividend payout ratio (DPR) is currently 32.52%.
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PBF Energy 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.
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