GYL Financial Synergies LLC purchased a new position in PBF Energy Inc (NYSE:PBF) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 43,663 shares of the oil and gas company’s stock, valued at approximately $1,360,000.
Other hedge funds have also bought and sold shares of the company. Oregon Public Employees Retirement Fund boosted its position in shares of PBF Energy by 3,260.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,568,389 shares of the oil and gas company’s stock valued at $48,000 after acquiring an additional 1,521,723 shares during the last quarter. Bremer Bank National Association bought a new position in shares of PBF Energy during the 1st quarter valued at approximately $57,000. MERIAN GLOBAL INVESTORS UK Ltd bought a new position in shares of PBF Energy during the 1st quarter valued at approximately $119,000. Penserra Capital Management LLC boosted its position in shares of PBF Energy by 675.4% during the 4th quarter. Penserra Capital Management LLC now owns 3,784 shares of the oil and gas company’s stock valued at $123,000 after acquiring an additional 3,296 shares during the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in shares of PBF Energy by 53.5% during the 4th quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 4,790 shares of the oil and gas company’s stock valued at $156,000 after acquiring an additional 1,670 shares during the last quarter. Institutional investors and hedge funds own 88.82% of the company’s stock.
Shares of PBF stock opened at $23.90 on Monday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.53 and a quick ratio of 0.54. The company has a market cap of $2.86 billion, a P/E ratio of 7.33, a P/E/G ratio of 1.35 and a beta of 1.51. PBF Energy Inc has a twelve month low of $23.67 and a twelve month high of $53.91.
PBF Energy (NYSE:PBF) last announced its quarterly earnings results on Wednesday, May 1st. The oil and gas company reported ($1.18) earnings per share for the quarter, missing the consensus estimate of ($0.95) by ($0.23). The company had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $5.29 billion. PBF Energy had a net margin of 1.23% and a return on equity of 8.25%. The firm’s revenue was down 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.29) earnings per share. As a group, equities analysts predict that PBF Energy Inc will post 1.93 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Wednesday, May 15th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.02%. The ex-dividend date was Tuesday, May 14th. PBF Energy’s dividend payout ratio (DPR) is presently 36.81%.
PBF has been the topic of several recent research reports. ValuEngine lowered PBF Energy from a “buy” rating to a “hold” rating in a report on Thursday, February 28th. Raymond James dropped their price objective on PBF Energy from $41.00 to $40.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 9th. Morgan Stanley set a $42.00 price target on PBF Energy and gave the stock a “buy” rating in a report on Friday, May 17th. Bank of America raised PBF Energy from an “underperform” rating to a “neutral” rating in a report on Monday, April 29th. Finally, Credit Suisse Group raised PBF Energy from a “neutral” rating to an “outperform” rating and set a $42.00 price target for the company in a report on Wednesday, May 15th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $48.33.
In other PBF Energy news, insider Carso S.A. De C.V. Inversora acquired 1,609,796 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was acquired at an average cost of $28.95 per share, for a total transaction of $46,603,594.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 3.50% of the stock is owned by insiders.
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About PBF Energy
PBF Energy, Inc engages in the operation of a petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States. It operates through the Refining and Logistics segments. The Refining segment refines crude oil and other feedstocks into petroleum products.
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