PBF Energy Inc (PBF) Shares Bought by Alps Advisors Inc.

Alps Advisors Inc. grew its position in PBF Energy Inc (NYSE:PBF) by 66.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,892 shares of the oil and gas company’s stock after acquiring an additional 9,900 shares during the period. Alps Advisors Inc.’s holdings in PBF Energy were worth $1,242,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. State Treasurer State of Michigan raised its stake in shares of PBF Energy by 2.5% in the second quarter. State Treasurer State of Michigan now owns 41,300 shares of the oil and gas company’s stock valued at $1,732,000 after acquiring an additional 1,000 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in shares of PBF Energy by 4.1% in the second quarter. Louisiana State Employees Retirement System now owns 30,300 shares of the oil and gas company’s stock valued at $1,270,000 after acquiring an additional 1,200 shares during the last quarter. MetLife Investment Advisors LLC raised its stake in shares of PBF Energy by 2.1% in the second quarter. MetLife Investment Advisors LLC now owns 70,536 shares of the oil and gas company’s stock valued at $2,958,000 after acquiring an additional 1,471 shares during the last quarter. Macquarie Group Ltd. raised its stake in shares of PBF Energy by 2.7% in the second quarter. Macquarie Group Ltd. now owns 57,800 shares of the oil and gas company’s stock valued at $2,424,000 after acquiring an additional 1,500 shares during the last quarter. Finally, GAM Holding AG raised its stake in shares of PBF Energy by 19.9% in the second quarter. GAM Holding AG now owns 12,961 shares of the oil and gas company’s stock valued at $543,000 after acquiring an additional 2,153 shares during the last quarter. Institutional investors own 94.18% of the company’s stock.

Shares of PBF Energy stock opened at $41.85 on Thursday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.66 and a quick ratio of 0.63. The company has a market capitalization of $4.51 billion, a P/E ratio of 36.71, a P/E/G ratio of 0.91 and a beta of 1.47. PBF Energy Inc has a fifty-two week low of $28.25 and a fifty-two week high of $53.91.

PBF Energy (NYSE:PBF) last issued its quarterly earnings results on Wednesday, October 31st. The oil and gas company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.10. The business had revenue of $7.65 billion during the quarter, compared to analyst estimates of $7.21 billion. PBF Energy had a net margin of 3.40% and a return on equity of 9.82%. PBF Energy’s revenue for the quarter was up 39.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.44 earnings per share. Equities analysts predict that PBF Energy Inc will post 2.76 earnings per share for the current fiscal year.

PBF has been the subject of a number of research analyst reports. Mizuho initiated coverage on shares of PBF Energy in a research note on Wednesday, August 1st. They issued a “buy” rating and a $55.00 target price for the company. Citigroup lifted their target price on shares of PBF Energy from $50.00 to $55.00 and gave the company a “hold” rating in a research note on Friday, September 7th. Royal Bank of Canada reissued a “hold” rating and issued a $46.00 price target on shares of PBF Energy in a report on Friday, August 3rd. Credit Suisse Group raised their price target on shares of PBF Energy from $46.00 to $53.00 and gave the company a “neutral” rating in a report on Friday, October 5th. Finally, Goldman Sachs Group raised shares of PBF Energy from a “sell” rating to a “neutral” rating in a report on Friday, September 7th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. PBF Energy has a consensus rating of “Hold” and a consensus target price of $45.58.

PBF Energy Company Profile

PBF Energy Inc, together with its subsidiaries, engages in the refining and supply of petroleum products. The company operates through two segments, Refining and Logistics. It produces gasoline, ultra-low-sulfur diesel, heating oil, diesel fuel, jet fuel, lubricants, petrochemicals, and asphalt, as well as unbranded transportation fuels, petrochemical feedstocks, blending components, and other petroleum products.

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

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