Parametric Portfolio Associates LLC Boosts Position in PBF Energy Inc. (PBF)
Parametric Portfolio Associates LLC increased its position in shares of PBF Energy Inc. (NYSE:PBF) by 11.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 970,237 shares of the oil and gas company’s stock after acquiring an additional 101,751 shares during the period. Parametric Portfolio Associates LLC owned about 0.88% of PBF Energy worth $21,597,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of PBF. Nomura Asset Management Co. Ltd. boosted its holdings in PBF Energy by 50.0% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 4,740 shares of the oil and gas company’s stock valued at $105,000 after acquiring an additional 1,580 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. acquired a new position in PBF Energy in the 1st quarter valued at about $113,000. Creative Planning grew its position in PBF Energy by 92.7% in the 2nd quarter. Creative Planning now owns 5,203 shares of the oil and gas company’s stock valued at $116,000 after acquiring an additional 2,503 shares in the last quarter. Huntington National Bank acquired a new position in PBF Energy in the 2nd quarter valued at about $126,000. Finally, Sei Investments Co. grew its position in PBF Energy by 391.7% in the 2nd quarter. Sei Investments Co. now owns 6,043 shares of the oil and gas company’s stock valued at $134,000 after acquiring an additional 4,814 shares in the last quarter.
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A number of analysts have issued reports on the stock. Tudor Pickering upgraded shares of PBF Energy from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research lowered shares of PBF Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. BidaskClub lowered shares of PBF Energy from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Credit Suisse Group cut shares of PBF Energy from a “neutral” rating to an “underperform” rating and set a $18.00 price objective for the company. in a report on Tuesday, June 20th. Finally, Citigroup Inc. dropped their price objective on shares of PBF Energy from $33.50 to $33.00 and set a “buy” rating for the company in a report on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $23.67.
PBF Energy Inc. (NYSE:PBF) opened at 26.91 on Wednesday. PBF Energy Inc. has a 52 week low of $18.48 and a 52 week high of $30.98. The company has a 50-day moving average of $24.15 and a 200-day moving average of $22.31. The stock’s market cap is $2.95 billion.
PBF Energy (NYSE:PBF) last released its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $4.76 billion. PBF Energy had a negative net margin of 0.23% and a negative return on equity of 4.98%. During the same period last year, the business earned $0.14 earnings per share. On average, analysts predict that PBF Energy Inc. will post $0.78 EPS for the current fiscal year.
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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