Great West Life Assurance Co. Can Boosts Holdings in PBF Energy Inc. (PBF)
Great West Life Assurance Co. Can raised its position in shares of PBF Energy Inc. (NYSE:PBF) by 2.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 77,373 shares of the oil and gas company’s stock after acquiring an additional 2,176 shares during the quarter. Great West Life Assurance Co. Can owned approximately 0.07% of PBF Energy worth $2,152,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the business. Cipher Capital LP bought a new stake in PBF Energy during the 3rd quarter valued at approximately $706,000. Macquarie Group Ltd. purchased a new position in shares of PBF Energy during the third quarter valued at approximately $707,000. HAP Trading LLC purchased a new position in shares of PBF Energy during the third quarter valued at approximately $291,000. Advisors Asset Management Inc. lifted its holdings in shares of PBF Energy by 18.4% during the third quarter. Advisors Asset Management Inc. now owns 1,081,969 shares of the oil and gas company’s stock valued at $29,873,000 after purchasing an additional 168,435 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of PBF Energy by 4.6% during the third quarter. Russell Investments Group Ltd. now owns 1,586,499 shares of the oil and gas company’s stock valued at $43,801,000 after purchasing an additional 70,456 shares during the last quarter.
Shares of PBF Energy Inc. (NYSE:PBF) opened at $33.08 on Friday. The firm has a market cap of $3,639.99, a price-to-earnings ratio of 70.38, a price-to-earnings-growth ratio of 2.02 and a beta of 1.46. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.50 and a current ratio of 1.50. PBF Energy Inc. has a 12 month low of $18.48 and a 12 month high of $34.22.
PBF Energy (NYSE:PBF) last issued its quarterly earnings data on Thursday, November 2nd. The oil and gas company reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter in the previous year, the firm posted ($0.16) EPS. The company’s revenue for the quarter was up 21.4% compared to the same quarter last year. equities research analysts predict that PBF Energy Inc. will post 1.64 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 29th. Stockholders of record on Monday, November 13th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date of this dividend was Friday, November 10th. PBF Energy’s payout ratio is 57.42%.
Several equities analysts have recently issued reports on PBF shares. Zacks Investment Research upgraded shares of PBF Energy from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a report on Friday, November 10th. Barclays upgraded shares of PBF Energy from an “underweight” rating to an “overweight” rating and lifted their target price for the company from $28.00 to $39.00 in a report on Tuesday, November 14th. Tudor Pickering upgraded shares of PBF Energy from a “sell” rating to a “hold” rating in a report on Friday, September 1st. ValuEngine upgraded shares of PBF Energy from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Finally, Goldman Sachs Group lowered shares of PBF Energy from a “neutral” rating to a “sell” rating in a report on Tuesday, November 28th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $28.00.
PBF Energy 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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