BlackRock Inc. boosted its position in shares of PBF Energy Inc. (NYSE:PBF) by 94.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,111,987 shares of the oil and gas company’s stock after acquiring an additional 4,415,117 shares during the quarter. BlackRock Inc. owned 8.31% of PBF Energy worth $202,832,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of PBF. Nomura Asset Management Co. Ltd. increased its position 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 valued at $105,000 after acquiring an additional 1,580 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. purchased a new stake in PBF Energy during the first quarter valued at $113,000. Creative Planning increased its position in PBF Energy by 92.7% during the second 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 during the last quarter. Huntington National Bank purchased a new stake in PBF Energy during the second quarter valued at $126,000. Finally, Sei Investments Co. increased its position in PBF Energy by 391.7% during the second 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 during the last quarter.

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Shares of PBF Energy Inc. (PBF) opened at 26.38 on Monday. The stock’s market cap is $2.89 billion. The firm has a 50-day moving average price of $24.65 and a 200-day moving average price of $22.41. PBF Energy Inc. has a 12 month low of $18.48 and a 12 month high of $30.98.

PBF Energy (NYSE:PBF) last issued its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported ($0.06) earnings per share (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 analyst estimates 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 firm earned $0.14 EPS. Equities analysts forecast that PBF Energy Inc. will post $0.85 EPS for the current year.

PBF has been the subject of a number of research reports. Zacks Investment Research upgraded PBF Energy from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. Scotiabank set a $24.00 price objective on PBF Energy and gave the company a “buy” rating in a research report on Thursday, August 3rd. Piper Jaffray Companies reiterated a “hold” rating and set a $20.00 price objective on shares of PBF Energy in a research report on Friday, July 14th. BidaskClub cut PBF Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. Finally, Cowen and Company reiterated a “buy” rating and set a $30.00 price objective on shares of PBF Energy in a research report on Thursday, August 17th. 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 given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $24.30.

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.

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

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