Acadian Asset Management LLC Has $39.38 Million Holdings in PBF Energy Inc (PBF)
Acadian Asset Management LLC raised its stake in shares of PBF Energy Inc (NYSE:PBF) by 12,300.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,110,832 shares of the oil and gas company’s stock after acquiring an additional 1,101,874 shares during the period. Acadian Asset Management LLC’s holdings in PBF Energy were worth $39,380,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Flinton Capital Management LLC purchased a new stake in PBF Energy during the 2nd quarter valued at approximately $119,000. Shelton Capital Management purchased a new stake in PBF Energy during the 3rd quarter valued at approximately $218,000. Riverhead Capital Management LLC purchased a new stake in PBF Energy during the 2nd quarter valued at approximately $186,000. World Asset Management Inc purchased a new stake in PBF Energy during the 3rd quarter valued at approximately $240,000. Finally, Teacher Retirement System of Texas purchased a new stake in PBF Energy during the 3rd quarter valued at approximately $251,000.
PBF has been the subject of several analyst reports. Zacks Investment Research raised PBF Energy from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Thursday, October 5th. Barclays reissued an “underweight” rating and set a $26.00 target price (up from $24.00) on shares of PBF Energy in a research note on Tuesday, October 10th. Cowen reissued a “buy” rating and set a $30.00 target price on shares of PBF Energy in a research note on Tuesday, October 17th. Royal Bank of Canada reissued a “hold” rating and set a $28.00 target price on shares of PBF Energy in a research note on Wednesday, October 18th. Finally, Macquarie reissued a “neutral” rating on shares of PBF Energy in a research note on Monday, October 23rd. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $31.00.
PBF Energy (NYSE:PBF) last released its quarterly earnings results on Thursday, November 2nd. The oil and gas company reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.22. The business had revenue of $5.48 billion for the quarter, compared to analysts’ expectations of $4.90 billion. PBF Energy had a return on equity of 2.35% and a net margin of 1.14%. The company’s revenue was up 21.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.16) EPS. analysts expect that PBF Energy Inc will post 1.36 earnings per share for the current year.
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About PBF Energy
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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