Geode Capital Management LLC grew its holdings in shares of PBF Energy Inc (NYSE:PBF) by 1.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 922,780 shares of the oil and gas company’s stock after purchasing an additional 14,283 shares during the period. Geode Capital Management LLC owned approximately 0.84% of PBF Energy worth $32,711,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Cornerstone Capital Management Holdings LLC. bought a new position in PBF Energy during the third quarter valued at about $838,000. Bank of New York Mellon Corp boosted its stake in PBF Energy by 2.6% during the third quarter. Bank of New York Mellon Corp now owns 2,018,212 shares of the oil and gas company’s stock valued at $55,722,000 after buying an additional 50,806 shares in the last quarter. River Road Asset Management LLC boosted its stake in PBF Energy by 0.6% during the fourth quarter. River Road Asset Management LLC now owns 592,025 shares of the oil and gas company’s stock valued at $20,987,000 after buying an additional 3,420 shares in the last quarter. Credit Agricole S A boosted its stake in PBF Energy by 18.1% during the fourth quarter. Credit Agricole S A now owns 32,000 shares of the oil and gas company’s stock valued at $1,134,000 after buying an additional 4,914 shares in the last quarter. Finally, Spark Investment Management LLC boosted its stake in PBF Energy by 343.5% during the fourth quarter. Spark Investment Management LLC now owns 678,600 shares of the oil and gas company’s stock valued at $24,056,000 after buying an additional 525,600 shares in the last quarter.

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PBF Energy Inc (NYSE PBF) opened at $33.24 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.57 and a quick ratio of 0.66. PBF Energy Inc has a 1 year low of $18.48 and a 1 year high of $37.01. The firm has a market capitalization of $3,656.60, a price-to-earnings ratio of 9.01, a P/E/G ratio of 0.97 and a beta of 1.24.

PBF Energy (NYSE:PBF) last released its quarterly earnings results on Thursday, February 15th. The oil and gas company reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.25). PBF Energy had a net margin of 1.91% and a return on equity of 4.97%. The company had revenue of $6.54 billion during the quarter, compared to analyst estimates of $5.23 billion. During the same quarter last year, the business earned ($0.71) EPS. The company’s revenue for the quarter was up 37.6% compared to the same quarter last year. research analysts expect that PBF Energy Inc will post 3.39 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 14th. Investors of record on Wednesday, February 28th were given a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.61%. PBF Energy’s dividend payout ratio (DPR) is 32.52%.

Several brokerages recently weighed in on PBF. Piper Jaffray Companies reaffirmed a “hold” rating and set a $35.00 target price on shares of PBF Energy in a research note on Friday, February 23rd. Cowen cut PBF Energy from an “outperform” rating to a “market perform” rating and raised their target price for the company from $30.00 to $31.00 in a research note on Friday, February 16th. Barclays reaffirmed a “buy” rating and set a $44.00 target price on shares of PBF Energy in a research note on Friday, February 16th. ValuEngine raised PBF Energy from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $34.00 target price on shares of PBF Energy in a research note on Tuesday, January 30th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $34.40.

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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.

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

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