PBF Energy Inc (NYSE:PBF) Shares Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue grew its stake in shares of PBF Energy Inc (NYSE:PBF) by 40.6% in the 3rd quarter, Holdings Channel.com reports. The fund owned 18,110 shares of the oil and gas company’s stock after purchasing an additional 5,226 shares during the quarter. State of Alaska Department of Revenue’s holdings in PBF Energy were worth $492,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in PBF. Marshall Wace LLP acquired a new position in PBF Energy during the 1st quarter worth $883,000. WINTON GROUP Ltd grew its holdings in PBF Energy by 29.9% during the 2nd quarter. WINTON GROUP Ltd now owns 16,432 shares of the oil and gas company’s stock worth $514,000 after acquiring an additional 3,785 shares in the last quarter. Scout Investments Inc. grew its holdings in PBF Energy by 64.0% during the 2nd quarter. Scout Investments Inc. now owns 709,976 shares of the oil and gas company’s stock worth $22,222,000 after acquiring an additional 277,090 shares in the last quarter. First Citizens Bank & Trust Co. grew its holdings in PBF Energy by 43.9% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 15,733 shares of the oil and gas company’s stock worth $492,000 after acquiring an additional 4,796 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its holdings in PBF Energy by 1.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 48,692 shares of the oil and gas company’s stock worth $1,524,000 after acquiring an additional 685 shares in the last quarter. 83.05% of the stock is owned by institutional investors.

Shares of NYSE PBF traded up $0.61 during midday trading on Friday, hitting $29.28. The company’s stock had a trading volume of 1,352,511 shares, compared to its average volume of 1,815,026. PBF Energy Inc has a 1-year low of $21.09 and a 1-year high of $46.00. The firm’s fifty day moving average price is $25.74 and its 200-day moving average price is $27.65. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.54 and a current ratio of 1.50. The firm has a market cap of $3.44 billion, a P/E ratio of 8.98, a P/E/G ratio of 4.75 and a beta of 1.63.

PBF Energy (NYSE:PBF) last posted its quarterly earnings results on Thursday, August 1st. The oil and gas company reported $0.83 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by ($0.04). The business had revenue of $6.56 billion during the quarter, compared to analyst estimates of $6.23 billion. PBF Energy had a net margin of 0.09% and a return on equity of 6.34%. The company’s quarterly revenue was down 11.9% on a year-over-year basis. During the same period last year, the firm posted $1.38 earnings per share. As a group, research analysts predict that PBF Energy Inc will post 0.88 earnings per share for the current fiscal year.

Several research firms have recently commented on PBF. Goldman Sachs Group raised shares of PBF Energy from a “sell” rating to a “neutral” rating and set a $27.00 price target for the company in a report on Monday, August 5th. ValuEngine raised shares of PBF Energy from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. decreased their price target on shares of PBF Energy from $28.00 to $23.00 and set an “underweight” rating for the company in a report on Tuesday, September 10th. Wells Fargo & Co lifted their price target on shares of PBF Energy from $39.00 to $41.00 and gave the company an “outperform” rating in a report on Wednesday, September 25th. Finally, Cowen reaffirmed a “market perform” rating and issued a $30.00 price target (down from $33.00) on shares of PBF Energy in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $38.38.

In other news, insider Carso S.A. De C.V. Inversora bought 190,000 shares of PBF Energy stock in a transaction on Wednesday, September 11th. The stock was purchased at an average cost of $25.53 per share, with a total value of $4,850,700.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders have acquired a total of 2,882,241 shares of company stock valued at $67,803,160 over the last three months. 3.50% of the stock is currently owned by company insiders.

PBF Energy 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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