Delek Group Ltd. boosted its holdings in PBF Energy Inc (NYSE:PBF) by 110.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 675,000 shares of the oil and gas company’s stock after acquiring an additional 355,000 shares during the quarter. Delek Group Ltd. owned 0.56% of PBF Energy worth $20,916,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in PBF. Oregon Public Employees Retirement Fund lifted its holdings in shares of PBF Energy by 3,260.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,568,389 shares of the oil and gas company’s stock valued at $48,000 after buying an additional 1,521,723 shares during the period. Bremer Bank National Association bought a new position in shares of PBF Energy during the 1st quarter valued at $57,000. MERIAN GLOBAL INVESTORS UK Ltd bought a new position in shares of PBF Energy during the 1st quarter valued at $119,000. Penserra Capital Management LLC lifted its holdings in shares of PBF Energy by 675.4% during the 4th quarter. Penserra Capital Management LLC now owns 3,784 shares of the oil and gas company’s stock valued at $123,000 after buying an additional 3,296 shares during the period. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its holdings in shares of PBF Energy by 53.5% during the 4th quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 4,790 shares of the oil and gas company’s stock valued at $156,000 after buying an additional 1,670 shares during the period. 88.82% of the stock is currently owned by institutional investors and hedge funds.
PBF has been the topic of several research analyst reports. TheStreet raised PBF Energy from a “c+” rating to a “b” rating in a report on Friday, May 3rd. Morgan Stanley set a $42.00 target price on PBF Energy and gave the stock a “buy” rating in a report on Friday, May 17th. ValuEngine cut PBF Energy from a “buy” rating to a “hold” rating in a report on Thursday, February 28th. Bank of America raised PBF Energy from an “underperform” rating to a “neutral” rating in a report on Monday, April 29th. Finally, Credit Suisse Group raised PBF Energy from a “neutral” rating to an “outperform” rating and set a $42.00 target price on the stock in a report on Wednesday, May 15th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $48.33.
PBF Energy (NYSE:PBF) last issued its quarterly earnings results on Wednesday, May 1st. The oil and gas company reported ($1.18) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.95) by ($0.23). The business had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $5.29 billion. PBF Energy had a return on equity of 8.25% and a net margin of 1.23%. The company’s quarterly revenue was down 10.1% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.29) EPS. On average, equities analysts forecast that PBF Energy Inc will post 1.81 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Wednesday, May 15th were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, May 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.83%. PBF Energy’s payout ratio is 36.81%.
In other news, CEO Thomas J. Nimbley acquired 40,000 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was purchased at an average price of $23.76 per share, for a total transaction of $950,400.00. Following the completion of the transaction, the chief executive officer now directly owns 405,990 shares in the company, valued at approximately $9,646,322.40. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, insider Carso S.A. De C.V. Inversora acquired 1,609,796 shares of the business’s stock in a transaction dated Friday, May 24th. The shares were purchased at an average price of $28.95 per share, with a total value of $46,603,594.20. The disclosure for this purchase can be found here. Company insiders own 3.50% of the company’s stock.
PBF Energy Company Profile
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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