MUFG Securities EMEA plc Raises Position in PBF Energy Inc (PBF)

MUFG Securities EMEA plc raised its stake in PBF Energy Inc (NYSE:PBF) by 27.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 152,200 shares of the oil and gas company’s stock after acquiring an additional 33,200 shares during the quarter. MUFG Securities EMEA plc owned approximately 0.13% of PBF Energy worth $4,972,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Geode Capital Management LLC increased its position in shares of PBF Energy by 15.8% during the fourth quarter. Geode Capital Management LLC now owns 1,786,685 shares of the oil and gas company’s stock worth $58,370,000 after purchasing an additional 243,762 shares in the last quarter. Norges Bank purchased a new stake in shares of PBF Energy during the fourth quarter worth approximately $57,524,000. Nordea Investment Management AB increased its position in shares of PBF Energy by 19.1% during the fourth quarter. Nordea Investment Management AB now owns 209,585 shares of the oil and gas company’s stock worth $6,847,000 after purchasing an additional 33,549 shares in the last quarter. APG Asset Management N.V. increased its position in shares of PBF Energy by 18.8% during the fourth quarter. APG Asset Management N.V. now owns 1,796,200 shares of the oil and gas company’s stock worth $51,333,000 after purchasing an additional 284,800 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in shares of PBF Energy by 79.8% during the fourth quarter. Public Employees Retirement System of Ohio now owns 98,785 shares of the oil and gas company’s stock worth $3,227,000 after purchasing an additional 43,847 shares in the last quarter. 95.23% of the stock is owned by institutional investors.

Several analysts recently commented on the company. ValuEngine upgraded PBF Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. Raymond James dropped their price target on PBF Energy from $41.00 to $40.00 and set an “outperform” rating for the company in a research report on Tuesday, April 9th. TheStreet cut PBF Energy from a “b” rating to a “c+” rating in a report on Friday, February 15th. Tudor Pickering cut PBF Energy from a “buy” rating to a “hold” rating in a report on Friday, February 8th. Finally, Goldman Sachs Group cut PBF Energy from a “neutral” rating to a “sell” rating and dropped their target price for the company from $35.00 to $34.00 in a report on Friday, January 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. PBF Energy presently has a consensus rating of “Hold” and a consensus target price of $49.56.

Shares of PBF Energy stock traded down $0.85 during trading hours on Wednesday, hitting $33.05. The company’s stock had a trading volume of 1,356,885 shares, compared to its average volume of 1,713,945. PBF Energy Inc has a twelve month low of $28.66 and a twelve month high of $53.91. The firm has a market cap of $3.94 billion, a PE ratio of 10.14, a price-to-earnings-growth 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 (NYSE:PBF) last posted its 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 return on equity of 11.96% and a net margin of 0.47%. The firm had revenue of $6.29 billion for the quarter, compared to analyst estimates of $6.62 billion. During the same quarter in the prior year, the company earned ($0.04) EPS. PBF Energy’s revenue was down 3.7% on a year-over-year basis. As a group, equities analysts expect that PBF Energy Inc will post 2.43 earnings per share for the current year.

In related news, CEO Thomas J. Nimbley purchased 25,000 shares of the business’s stock in a transaction on Monday, March 11th. The shares were bought at an average price of $30.03 per share, for a total transaction of $750,750.00. Following the acquisition, the chief executive officer now directly owns 365,990 shares in the company, valued at $10,990,679.70. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.20% of the stock is owned by corporate insiders.

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PBF Energy Company Profile

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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