BlackRock Inc. increased its stake in PBF Energy Inc (NYSE:PBF) by 1.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,948,546 shares of the oil and gas company’s stock after buying an additional 104,616 shares during the period. BlackRock Inc. owned 0.09% of PBF Energy worth $340,937,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in PBF. Vanguard Group Inc boosted its position in PBF Energy by 10.0% during the third quarter. Vanguard Group Inc now owns 12,336,119 shares of the oil and gas company’s stock valued at $615,695,000 after purchasing an additional 1,121,082 shares during the last quarter. Strs Ohio boosted its position in PBF Energy by 21.7% during the fourth quarter. Strs Ohio now owns 7,881 shares of the oil and gas company’s stock valued at $257,000 after purchasing an additional 1,406 shares during the last quarter. Rhumbline Advisers boosted its position in PBF Energy by 53.5% during the fourth quarter. Rhumbline Advisers now owns 306,554 shares of the oil and gas company’s stock valued at $10,015,000 after purchasing an additional 106,898 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its position in PBF Energy by 13.3% during the fourth quarter. State Board of Administration of Florida Retirement System now owns 168,417 shares of the oil and gas company’s stock valued at $5,502,000 after purchasing an additional 19,729 shares during the last quarter. Finally, Hartford Investment Management Co. boosted its position in PBF Energy by 22.1% during the fourth quarter. Hartford Investment Management Co. now owns 12,159 shares of the oil and gas company’s stock valued at $397,000 after purchasing an additional 2,200 shares during the last quarter. 89.07% of the stock is owned by institutional investors.

NYSE:PBF opened at $24.40 on Thursday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.54 and a current ratio of 1.53. The company has a market capitalization of $2.97 billion, a price-to-earnings ratio of 7.48, a price-to-earnings-growth ratio of 1.38 and a beta of 1.51. PBF Energy Inc has a 12-month low of $23.84 and a 12-month high of $53.91.

PBF Energy (NYSE:PBF) last released its quarterly earnings data on Wednesday, May 1st. The oil and gas company reported ($1.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.95) by ($0.23). The business had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $5.29 billion. PBF Energy had a net margin of 1.23% and a return on equity of 8.25%. PBF Energy’s quarterly revenue was down 10.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.29) EPS. Equities research analysts predict that PBF Energy Inc will post 1.96 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Wednesday, May 15th were paid a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $1.20 annualized dividend and a yield of 4.92%. PBF Energy’s dividend payout ratio is 36.81%.

Several research analysts recently commented on the company. ValuEngine cut PBF Energy from a “sell” rating to a “strong sell” rating in a research report on Friday, June 7th. Morgan Stanley set a $42.00 price target on PBF Energy and gave the company a “buy” rating in a research report on Friday, May 17th. Credit Suisse Group raised PBF Energy from a “neutral” rating to an “outperform” rating and set a $42.00 price target for the company in a research report on Wednesday, May 15th. TheStreet raised PBF Energy from a “c+” rating to a “b” rating in a research report on Friday, May 3rd. Finally, Bank of America raised PBF Energy from an “underperform” rating to a “neutral” rating in a research report on Monday, April 29th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $48.33.

In other PBF Energy news, insider Carso S.A. De C.V. Inversora acquired 1,609,796 shares of the company’s stock in a transaction on Friday, May 24th. The shares were purchased at an average price of $28.95 per share, for a total transaction of $46,603,594.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.50% of the stock is owned by corporate insiders.

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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.

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Institutional Ownership by Quarter for PBF Energy (NYSE:PBF)

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