Sei Investments Co. raised its position in PBF Energy Inc. (NYSE:PBF) by 391.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,043 shares of the oil and gas company’s stock after acquiring an additional 4,814 shares during the quarter. Sei Investments Co.’s holdings in PBF Energy were worth $134,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its position in shares of PBF Energy by 1.9% in the first quarter. JPMorgan Chase & Co. now owns 10,931,080 shares of the oil and gas company’s stock valued at $242,343,000 after acquiring an additional 201,060 shares during the period. Vanguard Group Inc. increased its position in shares of PBF Energy by 1.4% in the first quarter. Vanguard Group Inc. now owns 10,203,227 shares of the oil and gas company’s stock valued at $226,206,000 after acquiring an additional 141,619 shares during the period. Dimensional Fund Advisors LP increased its position in shares of PBF Energy by 49.6% in the first quarter. Dimensional Fund Advisors LP now owns 8,595,206 shares of the oil and gas company’s stock valued at $190,554,000 after acquiring an additional 2,850,233 shares during the period. BlackRock Inc. increased its position in shares of PBF Energy by 14,494.7% in the first quarter. BlackRock Inc. now owns 4,696,870 shares of the oil and gas company’s stock valued at $104,130,000 after acquiring an additional 4,664,688 shares during the period. Finally, State Street Corp increased its position in shares of PBF Energy by 15.9% in the first quarter. State Street Corp now owns 3,358,240 shares of the oil and gas company’s stock valued at $74,446,000 after acquiring an additional 460,879 shares during the period.

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A number of research firms have issued reports on PBF. ValuEngine upgraded shares of PBF Energy from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Tudor Pickering upgraded shares of PBF Energy from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Cowen and Company restated a “buy” rating and issued a $30.00 price objective on shares of PBF Energy in a research report on Thursday, August 17th. BidaskClub cut shares of PBF Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. Finally, Citigroup Inc. decreased their price objective on shares of PBF Energy from $33.50 to $33.00 and set a “buy” rating on the stock in a research report on Monday, August 7th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $24.00.

PBF Energy Inc. (NYSE:PBF) opened at 25.24 on Wednesday. PBF Energy Inc. has a 12 month low of $18.48 and a 12 month high of $30.98. The stock’s market cap is $2.77 billion. The company’s 50 day moving average is $22.40 and its 200 day moving average is $21.91.

PBF Energy (NYSE:PBF) last posted its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported ($0.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.09). The company had revenue of $5.02 billion during the quarter, compared to analysts’ expectations 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 in the prior year, the business earned $0.14 EPS. On average, analysts anticipate that PBF Energy Inc. will post $0.59 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Tuesday, August 15th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.75%. The ex-dividend date of this dividend was Friday, August 11th. PBF Energy’s dividend payout ratio is presently -363.64%.

About PBF Energy

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

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