PBF Energy Inc. $PBF Holdings Raised by Sei Investments Co.

Sei Investments Co. increased its stake in PBF Energy Inc. (NYSE:PBF) by 41.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 364,700 shares of the oil and gas company’s stock after buying an additional 106,819 shares during the quarter. Sei Investments Co.’s holdings in PBF Energy were worth $17,367,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PBF. Goldman Sachs Group Inc. raised its position in shares of PBF Energy by 127.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 6,327,255 shares of the oil and gas company’s stock worth $171,595,000 after buying an additional 3,550,820 shares in the last quarter. Invesco Ltd. increased its stake in shares of PBF Energy by 147.4% during the third quarter. Invesco Ltd. now owns 2,772,258 shares of the oil and gas company’s stock valued at $83,639,000 after acquiring an additional 1,651,516 shares during the period. AQR Capital Management LLC increased its stake in shares of PBF Energy by 230.7% during the second quarter. AQR Capital Management LLC now owns 2,085,060 shares of the oil and gas company’s stock valued at $45,183,000 after acquiring an additional 1,454,500 shares during the period. Norges Bank bought a new stake in PBF Energy during the fourth quarter worth approximately $34,243,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in PBF Energy by 2,198.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,212,368 shares of the oil and gas company’s stock worth $36,577,000 after purchasing an additional 1,159,628 shares during the period. Institutional investors own 96.29% of the company’s stock.

Insider Transactions at PBF Energy

In other PBF Energy news, insider Control Empresarial De Capital sold 220,000 shares of the company’s stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $63.96, for a total transaction of $14,071,200.00. Following the completion of the sale, the insider directly owned 15,492,128 shares of the company’s stock, valued at approximately $990,876,506.88. This represents a 1.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders sold 3,396,570 shares of company stock worth $163,978,356. 5.50% of the stock is currently owned by insiders.

PBF Energy Stock Performance

PBF opened at $63.30 on Thursday. The company has a quick ratio of 0.62, a current ratio of 1.31 and a debt-to-equity ratio of 0.50. The firm has a market cap of $7.49 billion, a PE ratio of 17.06, a P/E/G ratio of 0.10 and a beta of 0.11. The business has a fifty day simple moving average of $47.88 and a 200-day simple moving average of $42.42. PBF Energy Inc. has a fifty-two week low of $21.24 and a fifty-two week high of $68.33.

PBF Energy (NYSE:PBF) last announced its earnings results on Thursday, April 30th. The oil and gas company reported ($0.88) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.79) by ($0.09). PBF Energy had a negative return on equity of 4.12% and a net margin of 1.46%.The company had revenue of $7.90 billion for the quarter, compared to analyst estimates of $7.32 billion. During the same period last year, the firm earned ($3.53) earnings per share. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, equities analysts predict that PBF Energy Inc. will post 10.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PBF. Scotiabank increased their price target on PBF Energy from $28.00 to $34.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 22nd. Wall Street Zen raised PBF Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, July 22nd. The Goldman Sachs Group raised their target price on PBF Energy from $51.00 to $71.00 and gave the company a “neutral” rating in a research note on Thursday, July 23rd. Morgan Stanley lifted their target price on PBF Energy from $34.00 to $38.00 and gave the stock an “underweight” rating in a report on Friday, June 12th. Finally, Freedom Capital upgraded shares of PBF Energy to a “hold” rating in a research report on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $45.62.

About PBF Energy

PBF Energy, Inc is an independent petroleum refiner organized in 2008 and headquartered in Parsippany, New Jersey. The company began trading on the New York Stock Exchange in July 2012 under the ticker symbol PBF. Since its formation, PBF Energy has grown through acquisitions and operational optimization, positioning itself as a leading supplier of refined petroleum products in the United States.

The company owns and operates five refineries located along the U.S. Gulf Coast, East Coast and in the Pacific Northwest, with a combined crude oil processing capacity of approximately 900,000 barrels per day.