Teachers Retirement System of The State of Kentucky held its position in PBF Energy Inc (NYSE:PBF) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 30,490 shares of the company’s stock at the end of the fourth quarter. Teachers Retirement System of The State of Kentucky’s holdings in PBF Energy were worth $850,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in PBF. JPMorgan Chase & Co. raised its stake in PBF Energy by 31.6% in the third quarter. JPMorgan Chase & Co. now owns 10,936,975 shares of the company’s stock valued at $247,613,000 after buying an additional 2,626,728 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its stake in PBF Energy by 6.7% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,363,313 shares of the company’s stock valued at $205,289,000 after buying an additional 463,865 shares during the period. Dimensional Fund Advisors LP raised its stake in PBF Energy by 11.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,744,973 shares of the company’s stock valued at $160,169,000 after buying an additional 584,817 shares during the period. Snow Capital Management LP raised its stake in PBF Energy by 21.3% in the third quarter. Snow Capital Management LP now owns 3,585,121 shares of the company’s stock valued at $81,167,000 after buying an additional 629,957 shares during the period. Finally, BlackRock Institutional Trust Company N.A. raised its stake in PBF Energy by 1.2% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,479,722 shares of the company’s stock valued at $56,141,000 after buying an additional 29,692 shares during the period. 98.70% of the stock is currently owned by hedge funds and other institutional investors.
Shares of PBF Energy Inc (NYSE:PBF) opened at 21.71 on Tuesday. The firm has a 50-day moving average price of $23.37 and a 200-day moving average price of $23.83. PBF Energy Inc has a 52 week low of $19.47 and a 52 week high of $35.67. The stock has a market cap of $2.37 billion, a price-to-earnings ratio of 12.51 and a beta of 1.39.
PBF Energy (NYSE:PBF) last posted its quarterly earnings data on Thursday, February 16th. The company reported ($0.71) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.22) by $0.49. PBF Energy had a positive return on equity of 0.11% and a negative net margin of 0.02%. The company had revenue of $4.75 billion for the quarter, compared to analyst estimates of $4.16 billion. During the same quarter in the previous year, the firm posted $0.70 earnings per share. The company’s quarterly revenue was up 41.3% on a year-over-year basis. On average, equities analysts anticipate that PBF Energy Inc will post $1.46 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 13th. Stockholders of record on Monday, February 27th were paid a dividend of $0.30 per share. This is an increase from PBF Energy’s previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a dividend yield of 5.53%. The ex-dividend date was Thursday, February 23rd. PBF Energy’s payout ratio is presently -2,400.00%.
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PBF has been the subject of several analyst reports. Scotiabank set a $25.00 price objective on PBF Energy and gave the stock a “buy” rating in a research note on Thursday, February 16th. Zacks Investment Research lowered PBF Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, February 8th. Tudor Pickering lowered PBF Energy from a “buy” rating to a “hold” rating in a research note on Thursday, January 5th. Morgan Stanley lowered PBF Energy from an “overweight” rating to an “equal weight” rating in a research note on Monday, February 27th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $24.00 price objective on shares of PBF Energy in a research note on Monday. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. PBF Energy currently has a consensus rating of “Hold” and a consensus price target of $22.90.
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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