Janus Henderson Group PLC increased its stake in PBF Energy Inc (NYSE:PBF) by 42.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 309,600 shares of the oil and gas company’s stock after purchasing an additional 92,800 shares during the quarter. Janus Henderson Group PLC owned 0.27% of PBF Energy worth $15,452,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in PBF. Itau Unibanco Holding S.A. acquired a new stake in PBF Energy in the 2nd quarter valued at about $132,000. Point72 Hong Kong Ltd acquired a new stake in PBF Energy in the 2nd quarter valued at about $145,000. Harvest Fund Management Co. Ltd grew its stake in PBF Energy by 172.7% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 3,908 shares of the oil and gas company’s stock valued at $195,000 after acquiring an additional 2,475 shares during the last quarter. BLB&B Advisors LLC acquired a new stake in PBF Energy in the 3rd quarter valued at about $216,000. Finally, Calamos Advisors LLC acquired a new stake in PBF Energy in the 3rd quarter valued at about $225,000. Institutional investors and hedge funds own 93.18% of the company’s stock.
PBF Energy stock opened at $33.75 on Friday. PBF Energy Inc has a 12-month low of $28.25 and a 12-month high of $53.91. The stock has a market cap of $4.22 billion, a price-to-earnings ratio of 29.61, a PEG ratio of 0.78 and a beta of 1.46. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.83 and a current ratio of 1.79.
PBF Energy (NYSE:PBF) last released its quarterly earnings results on Wednesday, October 31st. The oil and gas company reported $1.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.10. PBF Energy had a net margin of 2.64% and a return on equity of 8.17%. The company had revenue of $7.65 billion for the quarter, compared to analysts’ expectations of $7.21 billion. During the same period last year, the company earned $1.44 EPS. The firm’s revenue for the quarter was up 39.6% compared to the same quarter last year. As a group, equities research analysts expect that PBF Energy Inc will post 2.91 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, November 30th. Investors of record on Thursday, November 15th were given a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.56%. PBF Energy’s dividend payout ratio is presently 105.26%.
A number of equities research analysts recently commented on PBF shares. Wells Fargo & Co lowered their price objective on shares of PBF Energy from $63.00 to $59.00 and set an “outperform” rating on the stock in a research note on Friday, August 10th. Citigroup raised their price target on shares of PBF Energy from $47.00 to $50.00 and gave the stock a “hold” rating in a research note on Wednesday, August 15th. Goldman Sachs Group raised shares of PBF Energy from a “sell” rating to a “neutral” rating in a research note on Friday, September 7th. Credit Suisse Group raised their price target on shares of PBF Energy from $46.00 to $53.00 and gave the stock a “neutral” rating in a research note on Friday, October 5th. Finally, Morgan Stanley set a $54.00 price target on shares of PBF Energy and gave the stock a “sell” rating in a research note on Friday, October 12th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $45.25.
PBF Energy Profile
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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