UBS Group AG Has $1.74 Million Position in PBF Energy Inc. (NYSE:PBF)

UBS Group AG boosted its stake in shares of PBF Energy Inc. (NYSE:PBF – Get Rating) by 4.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 49,576 shares of the oil and gas company’s stock after purchasing an additional 2,251 shares during the period. UBS Group AG’s holdings in PBF Energy were worth $1,743,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of PBF. Crossmark Global Holdings Inc. increased its stake in shares of PBF Energy by 2.9% during the third quarter. Crossmark Global Holdings Inc. now owns 9,310 shares of the oil and gas company’s stock worth $327,000 after purchasing an additional 260 shares during the period. Kestra Advisory Services LLC boosted its holdings in shares of PBF Energy by 1.5% during the 3rd quarter. Kestra Advisory Services LLC now owns 23,427 shares of the oil and gas company’s stock valued at $824,000 after acquiring an additional 341 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of PBF Energy by 17.6% during the 2nd quarter. Quadrant Capital Group LLC now owns 2,900 shares of the oil and gas company’s stock valued at $84,000 after acquiring an additional 433 shares in the last quarter. Captrust Financial Advisors boosted its holdings in shares of PBF Energy by 9.8% during the 2nd quarter. Captrust Financial Advisors now owns 7,460 shares of the oil and gas company’s stock valued at $216,000 after acquiring an additional 668 shares in the last quarter. Finally, KBC Group NV boosted its holdings in shares of PBF Energy by 8.3% during the 3rd quarter. KBC Group NV now owns 9,200 shares of the oil and gas company’s stock valued at $323,000 after acquiring an additional 708 shares in the last quarter. 90.69% of the stock is owned by institutional investors and hedge funds.

PBF Energy Stock Performance

PBF Energy stock opened at $45.46 on Thursday. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 0.30. PBF Energy Inc. has a 1-year low of $19.23 and a 1-year high of $49.00. The firm has a 50-day moving average of $41.94 and a 200-day moving average of $39.96. The firm has a market cap of $5.86 billion, a P/E ratio of 2.00 and a beta of 1.92.

PBF Energy (NYSE:PBF – Get Rating) last posted its earnings results on Thursday, February 16th. The oil and gas company reported $4.41 EPS for the quarter, missing analysts’ consensus estimates of $4.95 by ($0.54). The company had revenue of $10.85 billion during the quarter, compared to the consensus estimate of $9.71 billion. PBF Energy had a return on equity of 72.79% and a net margin of 6.14%. The company’s revenue for the quarter was up 31.6% on a year-over-year basis. During the same period last year, the firm posted $1.28 EPS. Sell-side analysts expect that PBF Energy Inc. will post 10.2 EPS for the current year.

PBF Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 16th. Investors of record on Wednesday, March 1st will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date is Tuesday, February 28th. PBF Energy’s dividend payout ratio (DPR) is 3.52%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Morgan Stanley raised their price objective on PBF Energy from $40.00 to $50.00 and gave the company an “equal weight” rating in a report on Friday, January 20th. StockNews.com downgraded PBF Energy from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 15th. Wells Fargo & Company cut their target price on PBF Energy from $59.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, January 5th. UBS Group initiated coverage on PBF Energy in a report on Wednesday. They set a “neutral” rating on the stock. Finally, Mizuho reissued a “buy” rating and issued a $50.00 price objective on shares of PBF Energy in a research report on Friday, February 17th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $43.08.

About PBF Energy

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PBF Energy, Inc engages in the operation of a petroleum refiner and supplies unbranded transportation fuels, heating oil, petrochemical feed stocks, lubricants, and other petroleum products in the United States. It operates through the following segments: Refining and Logistics. The Refining segment refines crude oil and other feed stocks into petroleum products.