Thrivent Financial For Lutherans Has $493,000 Holdings in PBF Energy Inc. (PBF)
Thrivent Financial For Lutherans lowered its stake in PBF Energy Inc. (NYSE:PBF) by 91.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,150 shares of the oil and gas company’s stock after selling 251,200 shares during the period. Thrivent Financial For Lutherans’ holdings in PBF Energy were worth $493,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in PBF. BlackRock Inc. lifted its position in shares of PBF Energy by 14,494.7% in the first quarter. BlackRock Inc. now owns 4,696,870 shares of the oil and gas company’s stock worth $104,130,000 after buying an additional 4,664,688 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of PBF Energy by 8.7% in the second quarter. JPMorgan Chase & Co. now owns 11,884,657 shares of the oil and gas company’s stock worth $264,551,000 after buying an additional 953,577 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of PBF Energy in the first quarter worth about $19,439,000. Bank of New York Mellon Corp lifted its position in shares of PBF Energy by 65.7% in the second quarter. Bank of New York Mellon Corp now owns 1,967,406 shares of the oil and gas company’s stock worth $43,795,000 after buying an additional 779,766 shares during the last quarter. Finally, State Street Corp lifted its position in shares of PBF Energy by 15.9% in the first quarter. State Street Corp now owns 3,358,240 shares of the oil and gas company’s stock worth $74,446,000 after buying an additional 460,879 shares during the last quarter.
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A number of analysts have weighed in on PBF shares. ValuEngine raised PBF Energy from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Barclays PLC reaffirmed an “underweight” rating and issued a $26.00 price target (up previously from $24.00) on shares of PBF Energy in a research report on Tuesday, October 10th. Zacks Investment Research raised PBF Energy from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Saturday. Citigroup Inc. reduced their price target on PBF Energy from $33.50 to $33.00 and set a “buy” rating for the company in a research report on Monday, August 7th. Finally, Credit Suisse Group cut PBF Energy from a “neutral” rating to an “underperform” rating and set a $18.00 price target for the company. in a research report on Tuesday, June 20th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $25.00.
PBF Energy Inc. (NYSE:PBF) opened at 27.36 on Tuesday. The company’s market capitalization is $3.00 billion. The stock has a 50 day moving average price of $25.77 and a 200-day moving average price of $22.64. PBF Energy Inc. has a 1-year low of $18.48 and a 1-year high of $30.98.
PBF Energy (NYSE:PBF) last released its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported ($0.06) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.09). The company had revenue of $5.02 billion during 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 period in the prior year, the company earned $0.14 earnings per share. Equities analysts predict that PBF Energy Inc. will post $0.91 earnings per share for the current year.
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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