Riverhead Capital Management LLC acquired a new stake in PBF Energy Inc. (NYSE:PBF) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,374 shares of the oil and gas company’s stock, valued at approximately $186,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Great West Life Assurance Co. Can grew its holdings in shares of PBF Energy by 167.1% in the second quarter. Great West Life Assurance Co. Can now owns 75,197 shares of the oil and gas company’s stock valued at $1,673,000 after purchasing an additional 47,041 shares during the period. Cadence Capital Management LLC boosted its stake in PBF Energy by 30.4% during the second quarter. Cadence Capital Management LLC now owns 25,875 shares of the oil and gas company’s stock worth $576,000 after buying an additional 6,025 shares during the period. UBS Group AG boosted its stake in PBF Energy by 4.6% during the first quarter. UBS Group AG now owns 84,654 shares of the oil and gas company’s stock worth $1,877,000 after buying an additional 3,706 shares during the period. Arizona State Retirement System purchased a new position in PBF Energy during the second quarter worth about $1,030,000. Finally, Nomura Asset Management Co. Ltd. boosted its stake in PBF Energy by 50.0% during the first quarter. Nomura Asset Management Co. Ltd. now owns 4,740 shares of the oil and gas company’s stock worth $105,000 after buying an additional 1,580 shares during the period.

Shares of PBF Energy Inc. (PBF) opened at 27.61 on Friday. The firm’s 50-day moving average is $22.92 and its 200-day moving average is $21.98. PBF Energy Inc. has a 12-month low of $18.48 and a 12-month high of $30.98. The firm’s market cap is $3.03 billion.

PBF Energy (NYSE:PBF) last released its quarterly 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 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 quarter in the prior year, the company earned $0.14 EPS. Equities analysts expect that PBF Energy Inc. will post $0.76 earnings per share for the current fiscal year.

Several brokerages have weighed in on PBF. ValuEngine raised shares of PBF Energy from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Tudor Pickering raised shares of PBF Energy from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. BidaskClub raised shares of PBF Energy from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Citigroup Inc. lowered their target price on shares of PBF Energy from $33.50 to $33.00 and set a “buy” rating for the company in a research note on Monday, August 7th. Finally, Scotiabank set a $24.00 price target on shares of PBF Energy and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $23.67.

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

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