Credit Capital Investments LLC Has $602,000 Position in PBF Energy Inc. (PBF)
Credit Capital Investments LLC continued to hold its position in shares of PBF Energy Inc. (NYSE:PBF) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,032 shares of the oil and gas company’s stock at the end of the second quarter. PBF Energy accounts for 0.8% of Credit Capital Investments LLC’s portfolio, making the stock its 19th biggest position. Credit Capital Investments LLC’s holdings in PBF Energy were worth $602,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. grew its position in PBF Energy by 14,494.7% during 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 buying an additional 4,664,688 shares during the period. Dimensional Fund Advisors LP increased its holdings in 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 buying an additional 2,850,233 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in PBF Energy by 8.7% in the second quarter. JPMorgan Chase & Co. now owns 11,884,657 shares of the oil and gas company’s stock valued at $264,551,000 after buying an additional 953,577 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in PBF Energy in the first quarter valued at $19,439,000. Finally, Bank of New York Mellon Corp increased its holdings in PBF Energy by 65.7% in the second quarter. Bank of New York Mellon Corp now owns 1,967,406 shares of the oil and gas company’s stock valued at $43,795,000 after buying an additional 779,766 shares in the last quarter.
A number of research analysts have weighed in on PBF shares. BidaskClub upgraded shares of PBF Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Zacks Investment Research upgraded PBF Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Scotiabank set a $24.00 target price on PBF Energy and gave the company a “buy” rating in a research report on Monday, June 26th. Cowen and Company restated a “buy” rating and issued a $30.00 price target on shares of PBF Energy in a research note on Thursday, August 17th. Finally, Tudor Pickering upgraded PBF Energy from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $23.67.
PBF Energy Inc. (NYSE:PBF) traded up 0.22% during midday trading on Tuesday, reaching $26.97. The company’s stock had a trading volume of 538,805 shares. PBF Energy Inc. has a 52 week low of $18.48 and a 52 week high of $30.98. The firm’s market capitalization is $2.96 billion. The company’s 50-day moving average is $23.99 and its 200 day moving average is $22.27.
PBF Energy (NYSE:PBF) last issued its earnings results on Thursday, August 3rd. The oil and gas company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.09). The company had revenue of $5.02 billion for 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 previous year, the firm posted $0.14 earnings per share. Analysts expect that PBF Energy Inc. will post $0.78 earnings per share for the current fiscal year.
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PBF Energy Company 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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