Pacer Advisors Inc. trimmed its position in shares of PBF Energy Inc (NYSE:PBF) by 53.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 36,629 shares of the oil and gas company’s stock after selling 41,696 shares during the quarter. Pacer Advisors Inc.’s holdings in PBF Energy were worth $996,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. FinTrust Capital Advisors LLC bought a new stake in PBF Energy during the 2nd quarter valued at approximately $27,000. Machina Capital S.A.S. bought a new stake in PBF Energy during the 2nd quarter valued at approximately $36,000. Coastal Investment Advisors Inc. boosted its position in PBF Energy by 517.5% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 1,235 shares of the oil and gas company’s stock valued at $38,000 after acquiring an additional 1,035 shares in the last quarter. NewSquare Capital LLC bought a new stake in PBF Energy during the 2nd quarter valued at approximately $90,000. Finally, Advisor Group Inc. lifted its holdings in shares of PBF Energy by 58.2% during the second quarter. Advisor Group Inc. now owns 2,932 shares of the oil and gas company’s stock valued at $92,000 after purchasing an additional 1,079 shares during the last quarter. 83.05% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Carso S.A. De C.V. Inversora acquired 538,300 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The stock was bought at an average cost of $23.16 per share, for a total transaction of $12,467,028.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders purchased 2,882,241 shares of company stock valued at $67,803,160. 3.50% of the stock is owned by company insiders.
Several equities analysts have recently issued reports on PBF shares. JPMorgan Chase & Co. lowered their target price on shares of PBF Energy from $28.00 to $23.00 and set an “underweight” rating for the company in a report on Tuesday, September 10th. ValuEngine upgraded shares of PBF Energy from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Wells Fargo & Co lifted their target price on shares of PBF Energy from $39.00 to $41.00 and gave the company an “outperform” rating in a report on Wednesday, September 25th. TheStreet lowered shares of PBF Energy from a “b-” rating to a “c” rating in a report on Thursday, August 1st. Finally, Cowen reiterated a “market perform” rating and set a $30.00 target price (down from $33.00) on shares of PBF Energy in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $38.38.
PBF stock opened at $29.28 on Friday. The firm has a 50 day moving average price of $25.74 and a 200-day moving average price of $27.65. PBF Energy Inc has a 52-week low of $21.09 and a 52-week high of $46.00. The firm has a market capitalization of $3.44 billion, a price-to-earnings ratio of 8.98, a PEG ratio of 4.75 and a beta of 1.63. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.54 and a current ratio of 1.50.
PBF Energy (NYSE:PBF) last released its earnings results on Thursday, August 1st. The oil and gas company reported $0.83 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by ($0.04). PBF Energy had a net margin of 0.09% and a return on equity of 6.34%. The business had revenue of $6.56 billion for the quarter, compared to analysts’ expectations of $6.23 billion. During the same quarter in the previous year, the business posted $1.38 earnings per share. PBF Energy’s revenue for the quarter was down 11.9% on a year-over-year basis. As a group, sell-side analysts forecast that PBF Energy Inc will post 0.76 earnings per share for the current fiscal year.
PBF Energy Company Profile
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.
Recommended Story: What are the disadvantages of after-hours trading?
Receive News & Ratings for PBF Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PBF Energy and related companies with MarketBeat.com's FREE daily email newsletter.