California State Teachers Retirement System reduced its stake in PBF Energy Inc. (NYSE:PBF) by 9.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 201,635 shares of the oil and gas company’s stock after selling 21,332 shares during the quarter. California State Teachers Retirement System owned about 0.18% of PBF Energy worth $4,488,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of PBF. UBS Asset Management Americas Inc. boosted its position in shares of PBF Energy by 36.3% in the 1st quarter. UBS Asset Management Americas Inc. now owns 116,373 shares of the oil and gas company’s stock worth $2,580,000 after purchasing an additional 30,997 shares in the last quarter. Stifel Financial Corp boosted its position in shares of PBF Energy by 9.0% in the 1st quarter. Stifel Financial Corp now owns 9,919 shares of the oil and gas company’s stock worth $221,000 after purchasing an additional 818 shares in the last quarter. Alliancebernstein L.P. raised its holdings in PBF Energy by 2.9% in the 1st quarter. Alliancebernstein L.P. now owns 60,793 shares of the oil and gas company’s stock worth $1,348,000 after acquiring an additional 1,740 shares during the last quarter. Principal Financial Group Inc. raised its holdings in PBF Energy by 7.1% in the 1st quarter. Principal Financial Group Inc. now owns 18,750 shares of the oil and gas company’s stock worth $416,000 after acquiring an additional 1,245 shares during the last quarter. Finally, TIAA CREF Investment Management LLC raised its holdings in PBF Energy by 1.6% in the 1st quarter. TIAA CREF Investment Management LLC now owns 220,459 shares of the oil and gas company’s stock worth $4,888,000 after acquiring an additional 3,473 shares during the last quarter.

PBF Energy (NYSE:PBF) last issued its earnings results on Thursday, November 2nd. The oil and gas company reported $1.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.80. PBF Energy had a negative net margin of 0.23% and a negative return on equity of 4.98%. The firm had revenue of $5.48 billion during the quarter, compared to analysts’ expectations of $4.90 billion. During the same quarter last year, the company posted ($0.16) earnings per share. The firm’s revenue was up 21.4% compared to the same quarter last year.

A number of brokerages recently weighed in on PBF. Tudor Pickering upgraded shares of PBF Energy from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research lowered shares of PBF Energy from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. BidaskClub lowered shares of PBF Energy from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Royal Bank Of Canada restated a “hold” rating and issued a $28.00 price objective on shares of PBF Energy in a report on Wednesday, October 18th. Finally, Citigroup Inc. decreased their price objective on shares of PBF Energy from $33.50 to $33.00 and set a “buy” rating for the company in a report on Monday, August 7th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. PBF Energy currently has an average rating of “Hold” and a consensus target price of $25.78.

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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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