Janney Montgomery Scott LLC cut its stake in PBF Energy Inc. (NYSE:PBF) by 9.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 106,684 shares of the oil and gas company’s stock after selling 11,036 shares during the period. Janney Montgomery Scott LLC owned 0.10% of PBF Energy worth $2,946,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Flinton Capital Management LLC acquired a new stake in PBF Energy in the 2nd quarter worth approximately $119,000. Sei Investments Co. boosted its stake in PBF Energy by 391.7% in the 2nd quarter. Sei Investments Co. now owns 6,043 shares of the oil and gas company’s stock worth $134,000 after purchasing an additional 4,814 shares in the last quarter. Riverhead Capital Management LLC acquired a new stake in PBF Energy in the 2nd quarter worth approximately $186,000. BKS Advisors LLC acquired a new stake in PBF Energy in the 2nd quarter worth approximately $206,000. Finally, US Bancorp DE boosted its stake in PBF Energy by 6.4% in the 2nd quarter. US Bancorp DE now owns 9,498 shares of the oil and gas company’s stock worth $212,000 after purchasing an additional 570 shares in the last quarter.

PBF Energy Inc. (NYSE:PBF) opened at $33.08 on Friday. PBF Energy Inc. has a 1 year low of $18.48 and a 1 year high of $34.22. 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 stock has a market cap of $3,614.68, a P/E ratio of 69.89, a price-to-earnings-growth ratio of 2.01 and a beta of 1.46.

PBF Energy (NYSE:PBF) last posted its quarterly earnings results on Thursday, November 2nd. The oil and gas company reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.22. The company had revenue of $5.48 billion during the quarter, compared to analyst estimates of $4.90 billion. PBF Energy had a net margin of 1.14% and a return on equity of 2.35%. PBF Energy’s revenue for the quarter was up 21.4% compared to the same quarter last year. During the same period last year, the firm posted ($0.16) EPS. equities analysts predict that PBF Energy Inc. will post 1.64 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 29th. Stockholders of record on Monday, November 13th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.63%. The ex-dividend date of this dividend was Friday, November 10th. PBF Energy’s dividend payout ratio (DPR) is 57.42%.

A number of analysts recently commented on the stock. Macquarie reiterated a “neutral” rating on shares of PBF Energy in a research note on Monday, October 23rd. Tudor Pickering raised shares of PBF Energy from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Cowen reissued a “buy” rating and set a $30.00 price target on shares of PBF Energy in a research report on Tuesday, October 17th. J P Morgan Chase & Co lowered shares of PBF Energy from a “neutral” rating to an “underweight” rating in a research report on Tuesday. Finally, Royal Bank of Canada reissued a “hold” rating and set a $28.00 price target on shares of PBF Energy in a research report on Wednesday, October 18th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $28.00.

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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.

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

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