California Public Employees Retirement System lifted its holdings in PBF Energy Inc (NYSE:PBF) by 13.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 247,948 shares of the oil and gas company’s stock after acquiring an additional 28,548 shares during the period. California Public Employees Retirement System owned approximately 0.23% of PBF Energy worth $6,846,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in shares of PBF Energy by 8.7% in the second quarter. JPMorgan Chase & Co. now owns 11,884,657 shares of the oil and gas company’s stock worth $264,551,000 after acquiring an additional 953,577 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of PBF Energy by 7.4% in the second quarter. Dimensional Fund Advisors LP now owns 9,230,934 shares of the oil and gas company’s stock worth $205,480,000 after acquiring an additional 635,728 shares in the last quarter. BlackRock Inc. increased its position in shares of PBF Energy by 94.0% in the second quarter. BlackRock Inc. now owns 9,111,987 shares of the oil and gas company’s stock worth $202,832,000 after acquiring an additional 4,415,117 shares in the last quarter. State Street Corp grew its holdings in PBF Energy by 48.0% during the 2nd quarter. State Street Corp now owns 4,969,947 shares of the oil and gas company’s stock valued at $110,639,000 after purchasing an additional 1,611,707 shares in the last quarter. Finally, LSV Asset Management grew its holdings in PBF Energy by 6.1% during the 2nd quarter. LSV Asset Management now owns 2,671,984 shares of the oil and gas company’s stock valued at $59,478,000 after purchasing an additional 153,600 shares in the last quarter.

PBF Energy Inc (NYSE:PBF) opened at $36.27 on Wednesday. PBF Energy Inc has a 52 week low of $18.48 and a 52 week high of $36.34. The company has a current ratio of 1.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.81. The company has a market cap of $3,900.78, a price-to-earnings ratio of 17.35, a price-to-earnings-growth ratio of 1.17 and a beta of 1.45.

PBF Energy (NYSE:PBF) last posted its quarterly earnings data on Thursday, November 2nd. The oil and gas company reported $1.44 EPS for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.22. PBF Energy had a net margin of 1.14% and a return on equity of 2.35%. The firm had revenue of $5.48 billion for the quarter, compared to the consensus estimate of $4.90 billion. During the same period in the prior year, the firm posted ($0.16) EPS. The firm’s revenue was up 21.4% compared to the same quarter last year. equities research analysts predict that PBF Energy Inc will post 1.6 earnings per share for the current fiscal year.

A number of equities research analysts recently weighed in on PBF shares. Zacks Investment Research raised shares of PBF Energy from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a report on Saturday, December 23rd. Barclays reaffirmed an “underweight” rating and set a $26.00 price target (up from $24.00) on shares of PBF Energy in a report on Tuesday, October 10th. Royal Bank of Canada reaffirmed a “hold” rating and set a $30.00 price target on shares of PBF Energy in a report on Tuesday, November 7th. Goldman Sachs Group lowered shares of PBF Energy from a “neutral” rating to a “sell” rating in a report on Tuesday, November 28th. Finally, Tudor Pickering raised shares of PBF Energy from a “hold” rating to a “buy” rating in a report on Monday, November 6th. Four analysts have rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $30.22.

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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.

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

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