PBF Energy Inc (NYSE:PBF) Holdings Trimmed by Hennessy Advisors Inc.

Hennessy Advisors Inc. decreased its position in PBF Energy Inc (NYSE:PBF) by 14.4% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 320,200 shares of the oil and gas company’s stock after selling 53,800 shares during the period. Hennessy Advisors Inc. owned about 0.27% of PBF Energy worth $9,971,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Penserra Capital Management LLC increased its position in shares of PBF Energy by 675.4% during the 4th quarter. Penserra Capital Management LLC now owns 3,784 shares of the oil and gas company’s stock worth $123,000 after purchasing an additional 3,296 shares during the last quarter. Great Lakes Advisors LLC purchased a new position in shares of PBF Energy during the third quarter valued at about $221,000. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its holdings in shares of PBF Energy by 53.5% in the 4th quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 4,790 shares of the oil and gas company’s stock valued at $156,000 after acquiring an additional 1,670 shares during the last quarter. Hilltop Holdings Inc. bought a new position in shares of PBF Energy in the 3rd quarter valued at about $309,000. Finally, Redhawk Wealth Advisors Inc. bought a new position in shares of PBF Energy in the 3rd quarter valued at about $317,000. Hedge funds and other institutional investors own 95.32% of the company’s stock.

PBF stock traded down $1.16 during trading on Monday, hitting $32.21. 1,158,407 shares of the company’s stock traded hands, compared to its average volume of 1,747,416. The firm has a market cap of $4.00 billion, a price-to-earnings ratio of 9.88, a PEG ratio of 1.57 and a beta of 1.37. The company has a quick ratio of 0.64, a current ratio of 1.52 and a debt-to-equity ratio of 0.59. PBF Energy Inc has a 1 year low of $28.66 and a 1 year high of $53.91.

PBF Energy (NYSE:PBF) last released its quarterly earnings results on Thursday, February 14th. The oil and gas company reported $1.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.26. PBF Energy had a net margin of 0.47% and a return on equity of 11.96%. The business had revenue of $6.29 billion for the quarter, compared to analyst estimates of $6.62 billion. During the same period in the previous year, the company earned ($0.04) earnings per share. The business’s revenue for the quarter was down 3.7% on a year-over-year basis. Analysts anticipate that PBF Energy Inc will post 2.45 EPS for the current fiscal year.

In other news, CEO Thomas J. Nimbley purchased 25,000 shares of the business’s stock in a transaction on Monday, March 11th. The shares were acquired at an average cost of $30.03 per share, with a total value of $750,750.00. Following the completion of the acquisition, the chief executive officer now owns 365,990 shares of the company’s stock, valued at $10,990,679.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 3.20% of the stock is currently owned by insiders.

PBF has been the subject of several analyst reports. Raymond James decreased their price objective on shares of PBF Energy from $50.00 to $43.00 and set an “outperform” rating for the company in a research note on Monday, December 31st. Credit Suisse Group decreased their price objective on shares of PBF Energy from $51.00 to $47.00 and set a “neutral” rating for the company in a research note on Monday, January 7th. Morgan Stanley raised shares of PBF Energy from an “equal weight” rating to an “overweight” rating and decreased their price objective for the stock from $50.00 to $48.00 in a research note on Wednesday, January 9th. Piper Jaffray Companies reissued an “overweight” rating on shares of PBF Energy in a research note on Thursday, January 10th. Finally, Barclays reissued a “buy” rating and issued a $62.00 price objective on shares of PBF Energy in a research note on Friday, January 11th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $49.56.

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About PBF Energy

PBF Energy Inc, together with its subsidiaries, engages in refining and supplying petroleum products. The company operates in 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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