Baupost Group LLC MA maintained its position in shares of PBF Energy Inc. (NYSE:PBF) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,724,175 shares of the oil and gas company’s stock at the end of the first quarter. PBF Energy accounts for 4.1% of Baupost Group LLC MA’s portfolio, making the stock its 10th largest position. Baupost Group LLC MA owned about 14.34% of PBF Energy worth $348,605,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also made changes to their positions in PBF. JPMorgan Chase & Co. boosted its position in shares of PBF Energy by 1.9% in the first quarter. JPMorgan Chase & Co. now owns 10,931,080 shares of the oil and gas company’s stock valued at $242,343,000 after buying an additional 201,060 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of PBF Energy by 1.4% in the first quarter. Vanguard Group Inc. now owns 10,203,227 shares of the oil and gas company’s stock valued at $226,206,000 after buying an additional 141,619 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of PBF Energy by 49.6% in the first quarter. Dimensional Fund Advisors LP now owns 8,595,206 shares of the oil and gas company’s stock valued at $190,554,000 after buying an additional 2,850,233 shares during the last quarter. BlackRock Inc. boosted its position in shares of PBF Energy by 14,494.7% in the first quarter. BlackRock Inc. now owns 4,696,870 shares of the oil and gas company’s stock valued at $104,130,000 after buying an additional 4,664,688 shares during the last quarter. Finally, State Street Corp boosted its position in shares of PBF Energy by 15.9% in the first quarter. State Street Corp now owns 3,358,240 shares of the oil and gas company’s stock valued at $74,446,000 after buying an additional 460,879 shares during the last quarter.
PBF Energy Inc. (NYSE:PBF) traded up 2.34% during mid-day trading on Friday, reaching $22.26. 1,915,350 shares of the company’s stock traded hands. PBF Energy Inc. has a 12 month low of $18.48 and a 12 month high of $30.98. The company has a 50 day moving average price of $21.30 and a 200-day moving average price of $23.17. The stock has a market cap of $2.44 billion, a P/E ratio of 13.32 and a beta of 1.42.
PBF Energy (NYSE:PBF) last posted its quarterly earnings data on Thursday, May 4th. The oil and gas company reported ($0.20) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.46) by $0.26. The firm had revenue of $4.75 billion for the quarter, compared to the consensus estimate of $4.29 billion. PBF Energy had a net margin of 0.95% and a negative return on equity of 4.20%. The business’s revenue for the quarter was up 69.8% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.65) EPS. On average, analysts anticipate that PBF Energy Inc. will post $1.01 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 31st. Shareholders of record on Tuesday, May 16th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 5.39%. The ex-dividend date was Friday, May 12th. PBF Energy’s dividend payout ratio is 68.97%.
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Several research analysts recently commented on PBF shares. Royal Bank Of Canada restated a “hold” rating and set a $24.00 target price on shares of PBF Energy in a report on Monday, March 20th. Vetr upgraded shares of PBF Energy from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 6th. Piper Jaffray Companies restated a “neutral” rating on shares of PBF Energy in a report on Thursday, May 25th. Scotiabank restated a “buy” rating and set a $24.00 target price on shares of PBF Energy in a report on Monday, March 27th. Finally, BidaskClub upgraded shares of PBF Energy from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $23.55.
In other news, insider Connor Thomas L. O acquired 10,000 shares of the business’s stock in a transaction on Friday, May 26th. The shares were purchased at an average cost of $20.17 per share, with a total value of $201,700.00. Following the acquisition, the insider now directly owns 105,135 shares of the company’s stock, valued at $2,120,572.95. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Thomas J. Nimbley acquired 50,000 shares of the business’s stock in a transaction on Tuesday, May 30th. The shares were purchased at an average cost of $19.69 per share, for a total transaction of $984,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 290,000 shares in the company, valued at $5,710,100. The disclosure for this purchase can be found here. 2.55% of the stock is owned by insiders.
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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