Ameriprise Financial Inc. cut its stake in shares of PBF Energy Inc. (NYSE:PBF) by 13.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,092,107 shares of the oil and gas company’s stock after selling 173,161 shares during the quarter. Ameriprise Financial Inc. owned 1.00% of PBF Energy worth $30,174,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Creative Planning lifted its holdings in PBF Energy by 92.7% in the second quarter. Creative Planning now owns 5,203 shares of the oil and gas company’s stock valued at $116,000 after acquiring an additional 2,503 shares during the period. Flinton Capital Management LLC acquired a new stake in PBF Energy in the second quarter valued at $119,000. Sei Investments Co. lifted its holdings in PBF Energy by 391.7% in the second quarter. Sei Investments Co. now owns 6,043 shares of the oil and gas company’s stock valued at $134,000 after acquiring an additional 4,814 shares during the period. Riverhead Capital Management LLC acquired a new stake in PBF Energy in the second quarter valued at $186,000. Finally, LS Investment Advisors LLC acquired a new stake in PBF Energy in the second quarter valued at $188,000.

A number of research firms have commented on PBF. Tudor Pickering raised PBF Energy from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research downgraded PBF Energy from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Royal Bank Of Canada reissued a “hold” rating and issued a $28.00 target price on shares of PBF Energy in a report on Wednesday, October 18th. ValuEngine raised PBF Energy from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Finally, TheStreet raised PBF Energy from a “c” rating to a “b” rating in a report on Thursday, November 2nd. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $28.00.

PBF Energy Inc. (NYSE PBF) traded up $0.28 during trading hours on Wednesday, hitting $32.87. The stock had a trading volume of 2,024,200 shares, compared to its average volume of 2,418,583. The firm has a market cap of $3,586.07, a P/E ratio of 69.34, a PEG ratio of 1.98 and a beta of 1.46. The company has a quick ratio of 0.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.81. PBF Energy Inc. has a fifty-two week low of $18.48 and a fifty-two week high of $33.75.

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 (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.22. The business had revenue of $5.48 billion during the quarter, compared to the consensus estimate of $4.90 billion. PBF Energy had a return on equity of 2.35% and a net margin of 1.14%. The business’s revenue was up 21.4% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.16) EPS. equities analysts forecast that PBF Energy Inc. will post 1.64 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 29th. Stockholders of record on Monday, November 13th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend was Friday, November 10th. PBF Energy’s dividend payout ratio (DPR) is presently 57.42%.

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

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