ProShare Advisors LLC raised its position in PBF Energy Inc. (NYSE:PBF) by 64.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,519 shares of the oil and gas company’s stock after acquiring an additional 7,264 shares during the quarter. ProShare Advisors LLC’s holdings in PBF Energy were worth $412,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in PBF. Great West Life Assurance Co. Can lifted its stake in PBF Energy by 13.3% in the first quarter. Great West Life Assurance Co. Can now owns 28,156 shares of the oil and gas company’s stock valued at $622,000 after buying an additional 3,295 shares during the last quarter. US Bancorp DE raised its stake in shares of PBF Energy by 35.6% during the first quarter. US Bancorp DE now owns 8,928 shares of the oil and gas company’s stock valued at $198,000 after purchasing an additional 2,346 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of PBF Energy by 36.3% during the first quarter. UBS Asset Management Americas Inc. now owns 116,373 shares of the oil and gas company’s stock valued at $2,580,000 after purchasing an additional 30,997 shares in the last quarter. Karp Capital Management Corp bought a new stake in shares of PBF Energy during the first quarter valued at about $391,000. Finally, Stifel Financial Corp raised its stake in shares of PBF Energy by 9.0% during the first quarter. Stifel Financial Corp now owns 9,919 shares of the oil and gas company’s stock valued at $221,000 after purchasing an additional 818 shares in the last quarter.
Several brokerages have commented on PBF. Zacks Investment Research raised PBF Energy from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Saturday. Barclays PLC reaffirmed an “underweight” rating and set a $26.00 target price (up previously from $24.00) on shares of PBF Energy in a research note on Tuesday, October 10th. ValuEngine upgraded PBF Energy from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Tudor Pickering upgraded PBF Energy from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Finally, BidaskClub upgraded PBF Energy from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $25.00.
Shares of PBF Energy Inc. (PBF) opened at 27.36 on Tuesday. The company’s market capitalization is $3.00 billion. PBF Energy Inc. has a 12 month low of $18.48 and a 12 month high of $30.98. The firm has a 50-day moving average price of $25.77 and a 200-day moving average price of $22.64.
PBF Energy (NYSE:PBF) last posted its earnings results on Thursday, August 3rd. The oil and gas company reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.09). The business had revenue of $5.02 billion during the quarter, compared to the consensus estimate 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 earned $0.14 earnings per share. On average, equities research analysts predict that PBF Energy Inc. will post $0.91 EPS for the current year.
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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.
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