Intech Investment Management LLC Has $2.28 Million Position in PBF Energy Inc. $PBF

Intech Investment Management LLC increased its position in PBF Energy Inc. (NYSE:PBF) by 27.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 119,365 shares of the oil and gas company’s stock after buying an additional 25,616 shares during the period. Intech Investment Management LLC owned 0.10% of PBF Energy worth $2,279,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in PBF. Fifth Third Bancorp increased its holdings in PBF Energy by 125.7% in the first quarter. Fifth Third Bancorp now owns 1,442 shares of the oil and gas company’s stock worth $28,000 after buying an additional 803 shares during the last quarter. Allworth Financial LP boosted its position in PBF Energy by 194.3% during the first quarter. Allworth Financial LP now owns 1,651 shares of the oil and gas company’s stock worth $32,000 after purchasing an additional 1,090 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new stake in PBF Energy during the first quarter worth approximately $35,000. Neo Ivy Capital Management bought a new stake in PBF Energy during the first quarter worth approximately $37,000. Finally, Activest Wealth Management boosted its position in PBF Energy by 199,900.0% during the first quarter. Activest Wealth Management now owns 2,000 shares of the oil and gas company’s stock worth $38,000 after purchasing an additional 1,999 shares during the period. Institutional investors and hedge funds own 96.29% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on PBF shares. Citigroup upped their target price on PBF Energy from $16.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 16th. Mizuho upped their target price on PBF Energy from $23.00 to $26.00 and gave the stock an “underperform” rating in a research report on Monday. Bank of America upped their target price on PBF Energy from $16.00 to $21.00 and gave the stock an “underperform” rating in a research report on Wednesday, September 3rd. Scotiabank reaffirmed a “sector perform” rating and set a $25.00 target price (up previously from $16.00) on shares of PBF Energy in a research report on Friday, July 11th. Finally, Wells Fargo & Company increased their price objective on PBF Energy from $21.00 to $24.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 15th. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $25.54.

PBF Energy Stock Performance

PBF Energy stock opened at $27.90 on Tuesday. PBF Energy Inc. has a 52-week low of $13.61 and a 52-week high of $34.31. The firm has a market capitalization of $3.23 billion, a P/E ratio of -3.25 and a beta of 0.97. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.31 and a quick ratio of 0.55. The stock has a fifty day moving average price of $25.25 and a two-hundred day moving average price of $21.52.

PBF Energy (NYSE:PBF) last announced its quarterly earnings data on Thursday, July 31st. The oil and gas company reported ($1.03) EPS for the quarter, topping analysts’ consensus estimates of ($1.19) by $0.16. The firm had revenue of $7.48 billion during the quarter, compared to analyst estimates of $6.65 billion. PBF Energy had a negative return on equity of 17.46% and a negative net margin of 3.24%.The company’s revenue was down 14.4% on a year-over-year basis. During the same period last year, the company earned ($0.54) earnings per share. As a group, analysts anticipate that PBF Energy Inc. will post -1.12 EPS for the current fiscal year.

PBF Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Thursday, August 14th. PBF Energy’s payout ratio is -12.81%.

PBF Energy Profile

PBF Energy Inc, through 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 from crude oil.