US Bancorp DE boosted its stake in shares of PBF Energy Inc. (NYSE:PBF – Free Report) by 5.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,852 shares of the oil and gas company’s stock after buying an additional 395 shares during the quarter. US Bancorp DE’s holdings in PBF Energy were worth $452,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in PBF Energy by 95.3% during the first quarter. GAMMA Investing LLC now owns 459 shares of the oil and gas company’s stock valued at $26,000 after buying an additional 224 shares during the period. Rise Advisors LLC purchased a new stake in PBF Energy during the first quarter valued at about $27,000. Creekmur Asset Management LLC purchased a new stake in PBF Energy during the fourth quarter valued at about $29,000. Fifth Third Bancorp lifted its holdings in PBF Energy by 30.4% during the first quarter. Fifth Third Bancorp now owns 953 shares of the oil and gas company’s stock valued at $55,000 after purchasing an additional 222 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new stake in PBF Energy during the first quarter valued at about $82,000. Institutional investors own 96.29% of the company’s stock.
Insider Buying and Selling
In other PBF Energy news, insider Control Empresarial De Capital purchased 200,000 shares of PBF Energy stock in a transaction on Wednesday, June 5th. The shares were acquired at an average cost of $45.37 per share, for a total transaction of $9,074,000.00. Following the completion of the transaction, the insider now directly owns 14,824,198 shares of the company’s stock, valued at $672,573,863.26. The purchase was disclosed in a filing with the SEC, which is available at this link. Over the last three months, insiders have purchased 2,091,100 shares of company stock worth $93,004,617. Insiders own 5.30% of the company’s stock.
PBF Energy Stock Up 3.1 %
PBF stock opened at $40.25 on Friday. The company has a current ratio of 1.54, a quick ratio of 0.78 and a debt-to-equity ratio of 0.20. The company’s 50 day moving average is $44.39 and its 200 day moving average is $49.08. The stock has a market cap of $4.77 billion, a price-to-earnings ratio of 2.79 and a beta of 1.60. PBF Energy Inc. has a 1-year low of $37.62 and a 1-year high of $62.88.
PBF Energy (NYSE:PBF – Get Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The oil and gas company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.24. The company had revenue of $8.65 billion for the quarter, compared to analysts’ expectations of $8.29 billion. PBF Energy had a net margin of 4.95% and a return on equity of 18.47%. Sell-side analysts predict that PBF Energy Inc. will post 3.19 EPS for the current fiscal year.
PBF Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.48%. The ex-dividend date was Wednesday, May 15th. PBF Energy’s dividend payout ratio (DPR) is 6.92%.
Analysts Set New Price Targets
Several equities research analysts have commented on PBF shares. JPMorgan Chase & Co. dropped their price objective on shares of PBF Energy from $58.00 to $53.00 and set an “overweight” rating on the stock in a report on Tuesday, July 2nd. Wolfe Research started coverage on shares of PBF Energy in a report on Thursday, July 18th. They set a “peer perform” rating on the stock. The Goldman Sachs Group dropped their price objective on shares of PBF Energy from $57.00 to $50.00 and set a “neutral” rating on the stock in a report on Monday, July 1st. TD Cowen dropped their price objective on shares of PBF Energy from $54.00 to $45.00 and set a “hold” rating on the stock in a report on Friday, May 3rd. Finally, Wells Fargo & Company lowered their price target on shares of PBF Energy from $67.00 to $66.00 and set an “overweight” rating on the stock in a report on Thursday, June 6th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $54.30.
Get Our Latest Stock Report on PBF
About PBF Energy
PBF Energy Inc, through its subsidiaries, engages in refining and supplying petroleum products. The company operates in two segments, Refining and Logistics. It produces gasoline, ultra-low-sulfur diesel, heating oil, diesel fuel, jet fuel, lubricants, petrochemicals, and asphalt, as well as unbranded transportation fuels, petrochemical feedstocks, blending components, and other petroleum products from crude oil.
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