PBF Energy Inc. (PBF) Stake Held by Icon Advisers Inc. Co.
Icon Advisers Inc. Co. maintained its position in shares of PBF Energy Inc. (NYSE:PBF) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 31,214 shares of the oil and gas company’s stock at the close of the second quarter. Icon Advisers Inc. Co.’s holdings in PBF Energy were worth $695,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Great West Life Assurance Co. Can lifted its holdings in PBF Energy by 167.1% during the second quarter. Great West Life Assurance Co. Can now owns 75,197 shares of the oil and gas company’s stock valued at $1,673,000 after purchasing an additional 47,041 shares during the last quarter. UBS Group AG lifted its holdings in PBF Energy by 4.6% during the first quarter. UBS Group AG now owns 84,654 shares of the oil and gas company’s stock valued at $1,877,000 after purchasing an additional 3,706 shares during the last quarter. Cadence Capital Management LLC lifted its holdings in PBF Energy by 30.4% during the second quarter. Cadence Capital Management LLC now owns 25,875 shares of the oil and gas company’s stock valued at $576,000 after purchasing an additional 6,025 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in PBF Energy by 50.0% during the first quarter. Nomura Asset Management Co. Ltd. now owns 4,740 shares of the oil and gas company’s stock valued at $105,000 after purchasing an additional 1,580 shares during the last quarter. Finally, Arizona State Retirement System purchased a new stake in PBF Energy during the second quarter valued at about $1,030,000.
Shares of PBF Energy Inc. (NYSE:PBF) opened at 24.83 on Monday. PBF Energy Inc. has a one year low of $18.48 and a one year high of $30.98. The stock’s market capitalization is $2.72 billion. The stock has a 50 day moving average of $22.73 and a 200-day moving average of $21.97.
PBF Energy (NYSE:PBF) last announced its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.09). The company had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $4.76 billion. PBF Energy had a negative net margin of 0.23% and a negative return on equity of 4.98%. During the same quarter last year, the firm posted $0.14 earnings per share. Equities analysts forecast that PBF Energy Inc. will post $0.70 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Tuesday, August 15th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, August 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.83%. PBF Energy’s dividend payout ratio (DPR) is presently -363.64%.
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Several equities research analysts have commented on the stock. ValuEngine raised shares of PBF Energy from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Tudor Pickering raised shares of PBF Energy from a “sell” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub raised shares of PBF Energy from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Citigroup Inc. dropped their price objective on shares of PBF Energy from $33.50 to $33.00 and set a “buy” rating on the stock in a report on Monday, August 7th. Finally, Scotiabank set a $24.00 price objective on shares of PBF Energy and gave the company a “buy” rating in a report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $23.67.
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.
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