Voya Investment Management LLC Purchases 130,042 Shares of PBF Energy Inc. (PBF)
Voya Investment Management LLC lifted its position in shares of PBF Energy Inc. (NYSE:PBF) by 179.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 202,662 shares of the oil and gas company’s stock after purchasing an additional 130,042 shares during the period. Voya Investment Management LLC owned about 0.18% of PBF Energy worth $4,511,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. lifted its position in shares of 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 purchasing an additional 1,580 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. acquired a new position in shares of PBF Energy during the first quarter worth $113,000. Creative Planning lifted its position in shares of PBF Energy by 92.7% during the second quarter. Creative Planning now owns 5,203 shares of the oil and gas company’s stock worth $116,000 after purchasing an additional 2,503 shares in the last quarter. Huntington National Bank acquired a new position in shares of PBF Energy during the second quarter worth $126,000. Finally, Sei Investments Co. lifted its position in shares of 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 worth $134,000 after purchasing an additional 4,814 shares in the last quarter.
A number of research firms have recently commented on PBF. Barclays PLC set a $26.00 target price on shares of PBF Energy and gave the stock a “sell” rating in a research report on Tuesday. Zacks Investment Research lowered shares of PBF Energy from a “buy” rating to a “hold” rating in a research note on Friday, October 6th. ValuEngine upgraded shares of PBF Energy from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Tudor Pickering upgraded shares of PBF Energy from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Finally, 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. Three analysts have rated the stock with a sell rating, nine have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. PBF Energy has an average rating of “Hold” and a consensus target price of $25.00.
Shares of PBF Energy Inc. (NYSE PBF) opened at 27.14 on Friday. The company has a 50 day moving average of $25.43 and a 200-day moving average of $22.58. The company’s market cap is $2.98 billion. PBF Energy Inc. has a 52 week low of $18.48 and a 52 week high of $30.98.
PBF Energy (NYSE:PBF) last posted its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.09). PBF Energy had a negative net margin of 0.23% and a negative return on equity of 4.98%. The business had revenue of $5.02 billion during the quarter, compared to the consensus estimate of $4.76 billion. During the same period in the prior year, the company posted $0.14 earnings per share. On average, equities research analysts expect that PBF Energy Inc. will post $0.91 earnings per share for the current fiscal year.
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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