SG Americas Securities LLC Takes Position in PBF Energy Inc. (PBF)
SG Americas Securities LLC bought a new position in PBF Energy Inc. (NYSE:PBF) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 23,793 shares of the oil and gas company’s stock, valued at approximately $530,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Clinton Group Inc. increased its position in shares of PBF Energy by 0.6% in the 1st quarter. Clinton Group Inc. now owns 29,207 shares of the oil and gas company’s stock worth $648,000 after purchasing an additional 181 shares during the last quarter. Public Employees Retirement Association of Colorado grew its position in shares of PBF Energy by 1.3% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 23,704 shares of the oil and gas company’s stock valued at $526,000 after buying an additional 314 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of PBF Energy by 1.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 26,436 shares of the oil and gas company’s stock valued at $586,000 after buying an additional 316 shares during the last quarter. US Bancorp DE grew its position in shares of PBF Energy by 6.4% during the 2nd 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 during the last quarter. Finally, Stifel Financial Corp grew its position in shares of PBF Energy by 9.0% during the 1st quarter. Stifel Financial Corp now owns 9,919 shares of the oil and gas company’s stock valued at $221,000 after buying an additional 818 shares during the last quarter.
A number of brokerages recently weighed in on PBF. ValuEngine raised shares of PBF Energy from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Tudor Pickering raised shares of PBF Energy from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Cowen and Company reaffirmed a “buy” rating and set a $30.00 price objective on shares of PBF Energy in a research report on Thursday, August 17th. BidaskClub downgraded shares of PBF Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. Finally, Citigroup Inc. lowered their price objective on shares of PBF Energy from $33.50 to $33.00 and set a “buy” rating for the company in a research report on Monday, August 7th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $24.00.
PBF Energy Inc. (NYSE PBF) opened at 25.46 on Monday. PBF Energy Inc. has a 1-year low of $18.48 and a 1-year high of $30.98. The firm’s 50-day moving average is $22.31 and its 200-day moving average is $21.94. The firm’s market capitalization is $2.79 billion.
PBF Energy (NYSE:PBF) last issued its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by $0.09. PBF Energy had a negative return on equity of 4.98% and a negative net margin of 0.23%. The company had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $4.76 billion. During the same period in the prior year, the company earned $0.14 EPS. On average, equities analysts anticipate that PBF Energy Inc. will post $0.52 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.71%. The ex-dividend date was Friday, August 11th. PBF Energy’s dividend payout ratio is currently -363.64%.
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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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