New York State Common Retirement Fund Sells 36,001 Shares of PBF Energy Inc. (PBF)
New York State Common Retirement Fund lessened its stake in shares of PBF Energy Inc. (NYSE:PBF) by 13.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 227,500 shares of the oil and gas company’s stock after selling 36,001 shares during the period. New York State Common Retirement Fund owned approximately 0.21% of PBF Energy worth $5,064,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in PBF. Nomura Asset Management Co. Ltd. raised its holdings in PBF Energy by 50.0% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 4,740 shares of the oil and gas company’s stock valued at $105,000 after buying an additional 1,580 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. purchased a new stake in PBF Energy during the 1st quarter valued at $113,000. Creative Planning raised its holdings in PBF Energy by 92.7% during the 2nd quarter. Creative Planning now owns 5,203 shares of the oil and gas company’s stock valued at $116,000 after buying an additional 2,503 shares during the period. Huntington National Bank purchased a new stake in PBF Energy during the 2nd quarter valued at $126,000. Finally, Sei Investments Co. raised its holdings in PBF Energy by 391.7% during the 2nd quarter. Sei Investments Co. now owns 6,043 shares of the oil and gas company’s stock valued at $134,000 after buying an additional 4,814 shares during the period.
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Shares of PBF Energy Inc. (PBF) opened at 27.32 on Monday. PBF Energy Inc. has a one year low of $18.48 and a one year high of $30.98. The firm’s market capitalization is $3.00 billion. The firm has a 50-day moving average price of $25.77 and a 200 day moving average price of $22.64.
PBF Energy (NYSE:PBF) last issued its earnings results on Thursday, August 3rd. The oil and gas company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.09). The business had revenue of $5.02 billion for the quarter, compared to analysts’ expectations of $4.76 billion. PBF Energy had a negative return on equity of 4.98% and a negative net margin of 0.23%. During the same period last year, the company posted $0.14 earnings per share. Equities analysts forecast that PBF Energy Inc. will post $0.91 earnings per share for the current fiscal year.
Several equities analysts have commented on the company. Zacks Investment Research raised PBF Energy from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. Scotiabank set a $24.00 price target on PBF Energy and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Piper Jaffray Companies reissued a “hold” rating and set a $20.00 price target on shares of PBF Energy in a research report on Friday, July 14th. BidaskClub downgraded PBF Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. Finally, Barclays PLC reissued an “underweight” rating and set a $26.00 price target (up previously from $24.00) on shares of PBF Energy in a research report on Tuesday, October 10th. Three analysts have rated the stock with a sell rating, eight have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. PBF Energy presently has an average rating of “Hold” and a consensus target price of $25.00.
About PBF Energy
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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