Breton Hill Capital Ltd. Sells 17,755 Shares of PBF Energy Inc. (PBF)
Breton Hill Capital Ltd. decreased its position in shares of PBF Energy Inc. (NYSE:PBF) by 53.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,458 shares of the oil and gas company’s stock after selling 17,755 shares during the quarter. Breton Hill Capital Ltd.’s holdings in PBF Energy were worth $427,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the stock. First Allied Advisory Services Inc. boosted its position in PBF Energy by 1.0% during the second quarter. First Allied Advisory Services Inc. now owns 17,239 shares of the oil and gas company’s stock valued at $380,000 after purchasing an additional 177 shares in the last quarter. Utah Retirement Systems boosted its position in PBF Energy by 1.0% during the second quarter. Utah Retirement Systems now owns 20,100 shares of the oil and gas company’s stock valued at $447,000 after purchasing an additional 200 shares in the last quarter. M&T Bank Corp boosted its position in PBF Energy by 2.8% during the second quarter. M&T Bank Corp now owns 18,483 shares of the oil and gas company’s stock valued at $411,000 after purchasing an additional 496 shares in the last quarter. US Bancorp DE boosted its position in PBF Energy by 6.4% during the second quarter. US Bancorp DE now owns 9,498 shares of the oil and gas company’s stock valued at $212,000 after purchasing an additional 570 shares in the last quarter. Finally, First Heartland Consultants Inc. boosted its position in PBF Energy by 1.9% during the second quarter. First Heartland Consultants Inc. now owns 54,452 shares of the oil and gas company’s stock valued at $1,212,000 after purchasing an additional 1,000 shares in the last quarter.
PBF has been the topic of a number of recent research reports. Citigroup Inc. dropped their price objective on PBF Energy from $37.50 to $33.50 and set a “buy” rating on the stock in a research report on Monday, July 17th. Zacks Investment Research raised PBF Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Wolfe Research downgraded PBF Energy from an “outperform” rating to a “market perform” rating in a research report on Tuesday, July 25th. BidaskClub downgraded PBF Energy from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, Scotiabank set a $24.00 price objective on PBF Energy and gave the company a “buy” rating in a research report on Thursday, August 3rd. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $26.56.
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Shares of PBF Energy Inc. (NYSE PBF) traded up $0.42 during midday trading on Friday, reaching $31.29. The company’s stock had a trading volume of 2,537,000 shares, compared to its average volume of 2,170,199. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.50 and a current ratio of 1.50. The firm has a market capitalization of $3,433.01, a P/E ratio of 66.57, a PEG ratio of 1.97 and a beta of 1.42. PBF Energy Inc. has a fifty-two week low of $18.48 and a fifty-two week high of $32.05.
PBF Energy (NYSE:PBF) last announced its quarterly earnings data 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. PBF Energy had a return on equity of 2.35% and a net margin of 1.14%. The firm had revenue of $5.48 billion during the quarter, compared to analysts’ expectations of $4.90 billion. During the same period last year, the business posted ($0.16) earnings per share. The company’s revenue for the quarter was up 21.4% compared to the same quarter last year. analysts expect that PBF Energy Inc. will post 1.59 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 29th. Stockholders of record on Monday, November 13th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.84%. The ex-dividend date is Friday, November 10th. PBF Energy’s payout ratio is 57.42%.
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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