23,340 Shares in PBF Energy Inc. (PBF) Purchased by Chicago Equity Partners LLC
Chicago Equity Partners LLC acquired a new stake in shares of PBF Energy Inc. (NYSE:PBF) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 23,340 shares of the oil and gas company’s stock, valued at approximately $520,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Clinton Group Inc. lifted its position in shares of PBF Energy by 0.6% in the first quarter. Clinton Group Inc. now owns 29,207 shares of the oil and gas company’s stock worth $648,000 after buying an additional 181 shares during the last quarter. Utah Retirement Systems increased its stake in shares of PBF Energy by 1.0% in the second quarter. Utah Retirement Systems now owns 20,100 shares of the oil and gas company’s stock worth $447,000 after purchasing an additional 200 shares during the period. Public Employees Retirement Association of Colorado increased its stake in shares of PBF Energy by 1.3% in the first quarter. Public Employees Retirement Association of Colorado now owns 23,704 shares of the oil and gas company’s stock worth $526,000 after purchasing an additional 314 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of PBF Energy by 1.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 26,436 shares of the oil and gas company’s stock worth $586,000 after purchasing an additional 316 shares during the period. Finally, US Bancorp DE increased its stake in shares of PBF Energy by 6.4% in the second quarter. US Bancorp DE now owns 9,498 shares of the oil and gas company’s stock worth $212,000 after purchasing an additional 570 shares during the period.
PBF Energy Inc. (NYSE PBF) opened at 25.24 on Wednesday. The stock’s 50 day moving average is $22.40 and its 200 day moving average is $21.91. The company’s market capitalization is $2.77 billion. PBF Energy Inc. has a one year low of $18.48 and a one year high of $30.98.
PBF Energy (NYSE:PBF) last posted its earnings results on Thursday, August 3rd. The oil and gas company reported ($0.06) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.09). The firm had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $4.76 billion. PBF Energy had a negative return on equity of 4.98% and a negative net margin of 0.23%. During the same period last year, the company posted $0.14 EPS. On average, analysts anticipate that PBF Energy Inc. will post $0.59 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Tuesday, August 15th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date of this dividend was Friday, August 11th. PBF Energy’s dividend payout ratio (DPR) is presently -363.64%.
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A number of equities analysts have recently commented on PBF shares. Scotiabank set a $24.00 price objective on PBF Energy and gave the stock a “buy” rating in a research note on Monday, June 26th. Citigroup Inc. lowered their price objective on PBF Energy from $37.50 to $33.50 and set a “buy” rating on the stock in a research note on Monday, July 17th. Cowen and Company reiterated a “buy” rating and issued a $30.00 price objective on shares of PBF Energy in a research note on Thursday, August 17th. Zacks Investment Research raised PBF Energy from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Finally, US Capital Advisors reaffirmed a “hold” rating on shares of PBF Energy in a report on Monday, May 22nd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $24.00.
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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