Great West Life Assurance Co. Can Acquires 3,295 Shares of PBF Energy Inc. (PBF)

Great West Life Assurance Co. Can increased its stake in PBF Energy Inc. (NYSE:PBF) by 13.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,156 shares of the oil and gas company’s stock after buying an additional 3,295 shares during the period. Great West Life Assurance Co. Can’s holdings in PBF Energy were worth $622,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ProShare Advisors LLC raised its position in PBF Energy by 10.9% in the first quarter. ProShare Advisors LLC now owns 11,255 shares of the oil and gas company’s stock valued at $250,000 after buying an additional 1,110 shares in the last quarter. RidgeWorth Capital Management LLC bought a new position in PBF Energy during the fourth quarter valued at about $307,000. Ladenburg Thalmann Financial Services Inc. raised its position in PBF Energy by 21.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,273 shares of the oil and gas company’s stock valued at $398,000 after buying an additional 2,681 shares in the last quarter. Breton Hill Capital Ltd. raised its position in PBF Energy by 180.6% in the first quarter. Breton Hill Capital Ltd. now owns 19,029 shares of the oil and gas company’s stock valued at $422,000 after buying an additional 42,642 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in PBF Energy during the fourth quarter valued at about $488,000.

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

Shares of PBF Energy Inc. (PBF) opened at 22.34 on Tuesday. PBF Energy Inc. has a one year low of $18.48 and a one year high of $30.98. The stock’s 50 day moving average price is $21.32 and its 200 day moving average price is $23.19. The company has a market cap of $2.45 billion, a PE ratio of 13.37 and a beta of 1.42.

PBF Energy (NYSE:PBF) last posted its quarterly earnings results on Thursday, May 4th. The oil and gas company reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates of ($0.46) by $0.26. The company had revenue of $4.75 billion during the quarter, compared to analysts’ expectations of $4.29 billion. PBF Energy had a negative return on equity of 4.20% and a net margin of 0.95%. PBF Energy’s revenue was up 69.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.65) EPS. Equities analysts predict that PBF Energy Inc. will post $1.01 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 31st. Investors of record on Tuesday, May 16th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, May 12th. This represents a $1.20 dividend on an annualized basis and a yield of 5.37%. PBF Energy’s dividend payout ratio is currently 68.97%.

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PBF has been the subject of several recent analyst reports. Citigroup Inc. reiterated a “buy” rating and set a $37.50 price objective (down from $39.00) on shares of PBF Energy in a research note on Saturday, April 22nd. Scotiabank set a $24.00 price objective on PBF Energy and gave the stock a “buy” rating in a research note on Saturday, May 6th. Morgan Stanley lowered PBF Energy from an “overweight” rating to an “equal weight” rating in a research note on Monday, February 27th. Zacks Investment Research upgraded PBF Energy from a “sell” rating to a “hold” rating in a research note on Friday, May 5th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $24.00 price objective on shares of PBF Energy in a research note on Monday, March 20th. Eleven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. PBF Energy currently has an average rating of “Hold” and an average price target of $23.95.

In other news, CEO Thomas J. Nimbley acquired 50,000 shares of PBF Energy stock in a transaction that occurred on Tuesday, May 30th. The shares were acquired at an average price of $19.69 per share, for a total transaction of $984,500.00. Following the transaction, the chief executive officer now directly owns 290,000 shares of the company’s stock, valued at approximately $5,710,100. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Connor Thomas L. O acquired 10,000 shares of PBF Energy stock in a transaction that occurred on Friday, May 26th. The shares were purchased at an average price of $20.17 per share, for a total transaction of $201,700.00. Following the transaction, the insider now directly owns 105,135 shares in the company, valued at $2,120,572.95. The disclosure for this purchase can be found here. Insiders own 2.55% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “PBF”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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