Moors & Cabot Inc. bought a new position in shares of PBF Energy Inc (NYSE:PBF) during the 1st quarter, HoldingsChannel reports. The firm bought 6,800 shares of the oil and gas company’s stock, valued at approximately $206,000.

Several other large investors also recently bought and sold shares of PBF. Vanguard Group Inc increased its holdings in shares of PBF Energy by 10.0% in the third quarter. Vanguard Group Inc now owns 12,336,119 shares of the oil and gas company’s stock worth $615,695,000 after purchasing an additional 1,121,082 shares during the period. BlackRock Inc. increased its holdings in shares of PBF Energy by 4.4% in the fourth quarter. BlackRock Inc. now owns 10,843,930 shares of the oil and gas company’s stock worth $354,272,000 after purchasing an additional 458,745 shares during the period. Bank of Montreal Can increased its holdings in shares of PBF Energy by 87.9% in the first quarter. Bank of Montreal Can now owns 2,819,421 shares of the oil and gas company’s stock worth $87,796,000 after purchasing an additional 1,319,222 shares during the period. APG Asset Management N.V. increased its holdings in shares of PBF Energy by 18.8% in the fourth quarter. APG Asset Management N.V. now owns 1,796,200 shares of the oil and gas company’s stock worth $51,333,000 after purchasing an additional 284,800 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of PBF Energy by 15.8% in the fourth quarter. Geode Capital Management LLC now owns 1,786,685 shares of the oil and gas company’s stock worth $58,370,000 after purchasing an additional 243,762 shares during the period. Hedge funds and other institutional investors own 92.37% of the company’s stock.

In other news, CEO Thomas J. Nimbley bought 25,000 shares of PBF Energy stock in a transaction that occurred on Monday, March 11th. The shares were acquired at an average price of $30.03 per share, with a total value of $750,750.00. Following the completion of the purchase, the chief executive officer now directly owns 365,990 shares in the company, valued at $10,990,679.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 3.50% of the stock is owned by corporate insiders.

PBF has been the topic of several research analyst reports. Goldman Sachs Group cut shares of PBF Energy from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $35.00 to $34.00 in a report on Friday, January 25th. ValuEngine raised shares of PBF Energy from a “hold” rating to a “buy” rating in a report on Tuesday, January 29th. Tudor Pickering cut shares of PBF Energy from a “buy” rating to a “hold” rating in a report on Friday, February 8th. TheStreet cut shares of PBF Energy from a “b” rating to a “c+” rating in a report on Friday, February 15th. Finally, Raymond James decreased their price target on shares of PBF Energy from $41.00 to $40.00 and set an “outperform” rating on the stock in a report on Tuesday, April 9th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $48.33.

PBF opened at $28.68 on Friday. The firm has a market capitalization of $3.44 billion, a P/E ratio of 8.80, a PEG ratio of 1.72 and a beta of 1.39. The company has a current ratio of 1.53, a quick ratio of 0.54 and a debt-to-equity ratio of 0.68. PBF Energy Inc has a 52 week low of $28.01 and a 52 week high of $53.91.

PBF Energy (NYSE:PBF) last released its earnings results on Wednesday, May 1st. The oil and gas company reported ($1.18) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.95) by ($0.23). The firm had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $5.29 billion. PBF Energy had a net margin of 1.23% and a return on equity of 8.25%. The firm’s revenue was down 10.1% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.29) EPS. As a group, sell-side analysts anticipate that PBF Energy Inc will post 1.91 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Wednesday, May 15th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $1.20 dividend on an annualized basis and a yield of 4.18%. PBF Energy’s dividend payout ratio is presently 36.81%.

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PBF Energy Company 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.

Further Reading: What is diluted earnings per share (Diluted EPS)?

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

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