PBF Energy Inc. (NYSE:PBF) Shares Bought by UBS Group AG

UBS Group AG increased its stake in shares of PBF Energy Inc. (NYSE:PBF) by 4.6% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 84,654 shares of the oil and gas company’s stock after buying an additional 3,706 shares during the period. UBS Group AG owned approximately 0.08% of PBF Energy worth $1,877,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in 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 period. Vanguard Group Inc. boosted its position in 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 period. Dimensional Fund Advisors LP boosted its position in 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 period. Snow Capital Management LP boosted its position in PBF Energy by 0.8% in the first quarter. Snow Capital Management LP now owns 3,158,868 shares of the oil and gas company’s stock valued at $70,032,000 after buying an additional 24,722 shares during the period. Finally, LSV Asset Management boosted its position in PBF Energy by 5.6% in the first quarter. LSV Asset Management now owns 2,518,384 shares of the oil and gas company’s stock valued at $55,832,000 after buying an additional 133,178 shares during the period.

Shares of PBF Energy Inc. (NYSE PBF) opened at 22.30 on Wednesday. The firm’s 50-day moving average is $21.39 and its 200 day moving average is $22.95. PBF Energy Inc. has a 52-week low of $18.48 and a 52-week high of $30.98. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 13.35 and a beta of 1.40.

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, equities research analysts anticipate that PBF Energy Inc. will post $1.00 earnings per share for the current year.

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PBF has been the subject of several research analyst reports. Royal Bank Of Canada reiterated a “hold” rating and issued a $24.00 price target 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 reiterated a “neutral” rating on shares of PBF Energy in a report on Thursday, May 25th. Scotiabank reiterated a “buy” rating and issued a $24.00 price target 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, nine have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $23.83.

In related news, CEO Thomas J. Nimbley purchased 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The shares were bought at an average cost of $19.69 per share, with a total value of $984,500.00. Following the acquisition, the chief executive officer now owns 290,000 shares of the company’s stock, valued at $5,710,100. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Connor Thomas L. O purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The stock was bought at an average cost of $20.17 per share, for a total transaction of $201,700.00. Following the completion of the acquisition, the insider now directly owns 105,135 shares in the company, valued at approximately $2,120,572.95. The disclosure for this purchase can be found here. 2.55% of the stock is owned by insiders.

PBF Energy Company Profile

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.

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

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