Macquarie Group Ltd. Grows Stake in PBF Energy (PBF)

Macquarie Group Ltd. lifted its position in shares of PBF Energy (NYSE:PBF) by 20.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 30,800 shares of the oil and gas company’s stock after buying an additional 5,200 shares during the quarter. Macquarie Group Ltd.’s holdings in PBF Energy were worth $1,092,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in shares of PBF Energy by 3.0% during the 4th quarter. BlackRock Inc. now owns 9,293,993 shares of the oil and gas company’s stock worth $329,471,000 after buying an additional 268,354 shares during the last quarter. Millennium Management LLC acquired a new position in shares of PBF Energy during the 4th quarter worth $55,967,000. Goldman Sachs Group Inc. raised its stake in shares of PBF Energy by 0.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,176,329 shares of the oil and gas company’s stock worth $41,701,000 after buying an additional 10,698 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of PBF Energy by 12,300.4% during the 4th quarter. Acadian Asset Management LLC now owns 1,110,832 shares of the oil and gas company’s stock worth $39,380,000 after buying an additional 1,101,874 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of PBF Energy by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 922,780 shares of the oil and gas company’s stock worth $32,711,000 after buying an additional 14,283 shares during the last quarter.

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Shares of PBF stock opened at $34.93 on Friday. PBF Energy has a twelve month low of $18.48 and a twelve month high of $37.01. The stock has a market capitalization of $3,827.04, a P/E ratio of 30.64, a PEG ratio of 1.02 and a beta of 1.17. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.57 and a quick ratio of 0.66.

PBF Energy (NYSE:PBF) last announced its earnings results on Thursday, February 15th. The oil and gas company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.25). PBF Energy had a net margin of 1.91% and a return on equity of 4.97%. The firm had revenue of $6.54 billion during the quarter, compared to analyst estimates of $5.23 billion. During the same period in the previous year, the firm posted ($0.71) EPS. The company’s revenue for the quarter was up 37.6% compared to the same quarter last year. analysts expect that PBF Energy will post 3.38 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 14th. Stockholders of record on Wednesday, February 28th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date of this dividend was Tuesday, February 27th. PBF Energy’s dividend payout ratio is currently 105.26%.

PBF has been the subject of several research reports. Barclays reaffirmed a “buy” rating and set a $44.00 price target on shares of PBF Energy in a research note on Friday, February 16th. ValuEngine raised PBF Energy from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Citigroup lifted their price target on PBF Energy from $37.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Scotiabank reissued a “buy” rating and issued a $41.00 target price on shares of PBF Energy in a research note on Wednesday, January 10th. Finally, Zacks Investment Research raised shares of PBF Energy from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research note on Saturday, December 23rd. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $35.67.

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PBF Energy Company Profile

PBF Energy Inc, together with its subsidiaries, engages in the refining and supply of petroleum products. The company operates through two segments, Refining and Logistics. It produces gasoline, ultra-low-sulfur diesel, heating oil, diesel fuel, jet fuel, lubricants, petrochemicals, and asphalt, as well as unbranded transportation fuels, petrochemical feedstocks, blending components, and other petroleum products.

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

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