Comerica Bank lowered its holdings in PBF Energy Inc. (NYSE:PBF) by 9.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,030,420 shares of the oil and gas company’s stock after selling 108,380 shares during the quarter. Comerica Bank owned 0.94% of PBF Energy worth $29,541,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. First Allied Advisory Services Inc. boosted its position in PBF Energy by 1.0% in the second quarter. First Allied Advisory Services Inc. now owns 17,239 shares of the oil and gas company’s stock valued at $380,000 after buying an additional 177 shares in the last quarter. Utah Retirement Systems boosted its position in PBF Energy by 1.0% in the second quarter. Utah Retirement Systems now owns 20,100 shares of the oil and gas company’s stock valued at $447,000 after buying an additional 200 shares in the last quarter. M&T Bank Corp boosted its position in PBF Energy by 2.8% in the second quarter. M&T Bank Corp now owns 18,483 shares of the oil and gas company’s stock valued at $411,000 after buying an additional 496 shares in the last quarter. US Bancorp DE boosted its position in PBF Energy by 6.4% in the second quarter. US Bancorp DE now owns 9,498 shares of the oil and gas company’s stock valued at $212,000 after buying an additional 570 shares in the last quarter. Finally, First Heartland Consultants Inc. boosted its position in PBF Energy by 1.9% in the second quarter. First Heartland Consultants Inc. now owns 54,452 shares of the oil and gas company’s stock valued at $1,212,000 after buying an additional 1,000 shares in the last quarter.
Shares of PBF Energy Inc. (PBF) traded down $0.52 during mid-day trading on Tuesday, hitting $30.77. 2,642,300 shares of the stock traded hands, compared to its average volume of 2,436,189. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.50 and a quick ratio of 0.50. PBF Energy Inc. has a 52 week low of $18.48 and a 52 week high of $32.05. The company has a market capitalization of $3,443.03, a P/E ratio of 66.57, a price-to-earnings-growth ratio of 1.97 and a beta of 1.42.
PBF Energy (NYSE:PBF) last issued its quarterly earnings data on Thursday, November 2nd. The oil and gas company reported $1.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.22. PBF Energy had a net margin of 1.14% and a return on equity of 2.35%. The company had revenue of $5.48 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter in the prior year, the firm earned ($0.16) earnings per share. The firm’s revenue was up 21.4% compared to the same quarter last year. sell-side analysts predict that PBF Energy Inc. will post 1.59 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 29th. Stockholders of record on Monday, November 13th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.90%. The ex-dividend date of this dividend is Friday, November 10th. PBF Energy’s dividend payout ratio is 57.42%.
A number of equities analysts have commented on the stock. Tudor Pickering upgraded shares of PBF Energy from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub lowered shares of PBF Energy from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Zacks Investment Research lowered shares of PBF Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Royal Bank Of Canada reiterated a “hold” rating and set a $28.00 target price on shares of PBF Energy in a research report on Wednesday, October 18th. Finally, Citigroup Inc. reduced their target price on shares of PBF Energy from $33.50 to $33.00 and set a “buy” rating on the stock in a research report on Monday, August 7th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $28.00.
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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