PBF Energy Inc (PBF) Stake Boosted by Credit Agricole S A
Credit Agricole S A increased its holdings in PBF Energy Inc (NYSE:PBF) by 18.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,000 shares of the oil and gas company’s stock after acquiring an additional 4,914 shares during the period. Credit Agricole S A’s holdings in PBF Energy were worth $1,134,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in PBF. Acadian Asset Management LLC grew its holdings in shares of PBF Energy by 12,300.4% in the fourth quarter. Acadian Asset Management LLC now owns 1,110,832 shares of the oil and gas company’s stock valued at $39,380,000 after acquiring an additional 1,101,874 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of PBF Energy by 187.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 874,725 shares of the oil and gas company’s stock valued at $31,009,000 after acquiring an additional 570,856 shares in the last quarter. Spark Investment Management LLC grew its holdings in shares of PBF Energy by 343.5% in the fourth quarter. Spark Investment Management LLC now owns 678,600 shares of the oil and gas company’s stock valued at $24,056,000 after acquiring an additional 525,600 shares in the last quarter. Brightline Capital Management LLC bought a new position in shares of PBF Energy in the fourth quarter valued at approximately $13,117,000. Finally, Allianz Asset Management GmbH grew its holdings in shares of PBF Energy by 214.5% in the fourth quarter. Allianz Asset Management GmbH now owns 502,858 shares of the oil and gas company’s stock valued at $17,826,000 after acquiring an additional 342,958 shares in the last quarter. 97.39% of the stock is owned by institutional investors.
PBF Energy Inc (NYSE:PBF) opened at $30.83 on Friday. PBF Energy Inc has a twelve month low of $18.48 and a twelve month high of $37.01. The firm has a market capitalization of $3,410.00, a price-to-earnings ratio of 9.07, a price-to-earnings-growth ratio of 0.87 and a beta of 1.24. The company has a current ratio of 1.57, a quick ratio of 0.50 and a debt-to-equity ratio of 0.75.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 14th. Stockholders of record on Wednesday, February 28th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date is Tuesday, February 27th. PBF Energy’s payout ratio is currently 35.29%.
Several equities analysts have recently issued reports on the company. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $35.00 target price on shares of PBF Energy in a report on Friday, February 23rd. Cowen lowered PBF Energy from an “outperform” rating to a “market perform” rating and upped their target price for the company from $30.00 to $31.00 in a report on Friday, February 16th. Barclays reissued a “buy” rating and set a $44.00 price objective on shares of PBF Energy in a report on Friday, February 16th. ValuEngine raised PBF Energy from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Royal Bank of Canada reissued a “hold” rating and set a $34.00 price objective on shares of PBF Energy in a report on Tuesday, January 30th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $34.40.
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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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