California Public Employees Retirement System boosted its holdings in shares of PBF Energy Inc. (NYSE:PBF) by 3.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 219,400 shares of the oil and gas company’s stock after acquiring an additional 7,300 shares during the quarter. California Public Employees Retirement System owned 0.20% of PBF Energy worth $4,884,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Great West Life Assurance Co. Can boosted its holdings in PBF Energy by 167.1% during the 2nd quarter. Great West Life Assurance Co. Can now owns 75,197 shares of the oil and gas company’s stock valued at $1,673,000 after acquiring an additional 47,041 shares during the period. Cadence Capital Management LLC boosted its holdings in PBF Energy by 30.4% during the 2nd quarter. Cadence Capital Management LLC now owns 25,875 shares of the oil and gas company’s stock valued at $576,000 after acquiring an additional 6,025 shares during the period. UBS Group AG boosted its holdings in PBF Energy by 4.6% during the 1st quarter. UBS Group AG now owns 84,654 shares of the oil and gas company’s stock valued at $1,877,000 after acquiring an additional 3,706 shares during the period. Arizona State Retirement System purchased a new position in PBF Energy during the 2nd quarter valued at $1,030,000. Finally, Nomura Asset Management Co. Ltd. boosted 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 acquiring an additional 1,580 shares during the period.
Shares of PBF Energy Inc. (PBF) opened at 27.58 on Friday. The firm has a 50 day moving average price of $26.20 and a 200 day moving average price of $22.79. The stock’s market capitalization is $3.03 billion. PBF Energy Inc. has a one year low of $18.48 and a one year high of $30.98.
PBF Energy (NYSE:PBF) last announced its earnings results on Thursday, August 3rd. The oil and gas company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.09). The firm had revenue of $5.02 billion during 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 in the previous year, the business posted $0.14 earnings per share. Analysts predict that PBF Energy Inc. will post $1.10 earnings per share for the current fiscal year.
A number of equities analysts recently issued reports on the company. Zacks Investment Research upgraded PBF Energy from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Cowen and Company restated a “buy” rating and set a $30.00 price objective on shares of PBF Energy in a report on Thursday, August 17th. BidaskClub cut PBF Energy from a “hold” rating to a “sell” rating in a report on Wednesday, August 16th. Scotiabank set a $24.00 price objective on PBF Energy and gave the company a “buy” rating in a report on Monday, June 26th. Finally, Citigroup Inc. dropped their price objective on PBF Energy from $37.50 to $33.50 and set a “buy” rating for the company in a report on Monday, July 17th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $25.78.
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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