Commonwealth Bank of Australia grew its stake in shares of PBF Energy Inc. (NYSE:PBF) by 6,300.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 102,400 shares of the oil and gas company’s stock after acquiring an additional 100,800 shares during the period. Commonwealth Bank of Australia owned 0.09% of PBF Energy worth $2,279,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in shares of PBF Energy by 8.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 11,884,657 shares of the oil and gas company’s stock valued at $264,551,000 after acquiring an additional 953,577 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of PBF Energy by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 10,203,227 shares of the oil and gas company’s stock valued at $226,206,000 after acquiring an additional 141,619 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of PBF Energy by 49.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,595,206 shares of the oil and gas company’s stock valued at $190,554,000 after acquiring an additional 2,850,233 shares in the last quarter. BlackRock Inc. grew its holdings in shares of PBF Energy by 14,494.7% during the 1st quarter. BlackRock Inc. now owns 4,696,870 shares of the oil and gas company’s stock valued at $104,130,000 after acquiring an additional 4,664,688 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of PBF Energy by 15.9% during the 1st quarter. State Street Corp now owns 3,358,240 shares of the oil and gas company’s stock valued at $74,446,000 after acquiring an additional 460,879 shares in the last quarter.
Shares of PBF Energy Inc. (PBF) opened at 24.95 on Tuesday. The company has a 50-day moving average of $22.33 and a 200-day moving average of $21.89. The company’s market capitalization is $2.74 billion. PBF Energy Inc. has a one year low of $18.48 and a one year high of $30.98.
PBF Energy (NYSE:PBF) last released its earnings results on Thursday, August 3rd. The oil and gas company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by $0.09. PBF Energy had a negative net margin of 0.23% and a negative return on equity of 4.98%. The business had revenue of $5.02 billion during the quarter, compared to the consensus estimate of $4.76 billion. During the same period last year, the business posted $0.14 EPS. On average, analysts anticipate that PBF Energy Inc. will post $0.59 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.81%. The ex-dividend date of this dividend was Friday, August 11th. PBF Energy’s dividend payout ratio (DPR) is presently -363.64%.
Several research firms have recently commented on PBF. Tudor Pickering upgraded shares of PBF Energy from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research cut shares of PBF Energy from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. BidaskClub cut shares of PBF Energy from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Credit Suisse Group cut shares of PBF Energy from a “neutral” rating to an “underperform” rating and set a $18.00 price target on the stock. in a report on Tuesday, June 20th. Finally, Citigroup Inc. lowered their price target 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. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. PBF Energy currently has an average rating of “Hold” and an average price target of $24.00.
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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