Public Employees Retirement System of Ohio Takes $287,000 Position in PBF Energy Inc. (NYSE:PBF)

Public Employees Retirement System of Ohio acquired a new stake in shares of PBF Energy Inc. (NYSE:PBF) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 5,365 shares of the oil and gas company’s stock, valued at approximately $287,000.

Several other institutional investors have also modified their holdings of PBF. Teachers Retirement System of The State of Kentucky raised its position in PBF Energy by 57.6% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 43,550 shares of the oil and gas company’s stock valued at $2,331,000 after buying an additional 15,910 shares during the last quarter. Wellington Management Group LLP raised its position in PBF Energy by 5.3% in the 3rd quarter. Wellington Management Group LLP now owns 342,136 shares of the oil and gas company’s stock valued at $18,315,000 after buying an additional 17,197 shares during the last quarter. Diversified Trust Co acquired a new stake in PBF Energy in the 3rd quarter valued at approximately $264,000. Creative Planning raised its position in PBF Energy by 7.2% in the 3rd quarter. Creative Planning now owns 10,183 shares of the oil and gas company’s stock valued at $545,000 after buying an additional 684 shares during the last quarter. Finally, Morgan Stanley raised its position in PBF Energy by 40.0% in the 3rd quarter. Morgan Stanley now owns 1,914,097 shares of the oil and gas company’s stock valued at $102,462,000 after buying an additional 546,691 shares during the last quarter. Institutional investors own 96.29% of the company’s stock.

Insider Buying and Selling

In other PBF Energy news, insider Control Empresarial De Capital acquired 12,200 shares of the company’s stock in a transaction that occurred on Wednesday, January 24th. The stock was acquired at an average cost of $43.86 per share, for a total transaction of $535,092.00. Following the transaction, the insider now directly owns 14,345,198 shares in the company, valued at $629,180,384.28. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Control Empresarial De Capital bought 12,200 shares of the stock in a transaction on Wednesday, January 24th. The stock was acquired at an average price of $43.86 per share, with a total value of $535,092.00. Following the acquisition, the insider now directly owns 14,345,198 shares in the company, valued at $629,180,384.28. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Connor Thomas L. O sold 40,000 shares of the company’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $55.87, for a total value of $2,234,800.00. Following the completion of the transaction, the senior vice president now directly owns 160,338 shares of the company’s stock, valued at approximately $8,958,084.06. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 1,268,200 shares of company stock worth $54,251,872 and sold 180,000 shares worth $10,074,600. 5.30% of the stock is owned by corporate insiders.

PBF Energy Stock Performance

NYSE:PBF opened at $56.10 on Thursday. The stock has a fifty day moving average price of $50.26 and a 200-day moving average price of $47.73. The company has a market cap of $6.71 billion, a price-to-earnings ratio of 3.41 and a beta of 1.71. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.81 and a current ratio of 1.56. PBF Energy Inc. has a fifty-two week low of $31.25 and a fifty-two week high of $58.65.

PBF Energy (NYSE:PBF) last released its earnings results on Thursday, February 15th. The oil and gas company reported ($0.41) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.49). The company had revenue of $9.14 billion for the quarter, compared to the consensus estimate of $8.65 billion. PBF Energy had a net margin of 5.59% and a return on equity of 23.69%. The business’s revenue was down 15.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.41 earnings per share. As a group, equities analysts anticipate that PBF Energy Inc. will post 6.01 EPS for the current fiscal year.

PBF Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Thursday, February 29th were given a dividend of $0.25 per share. The ex-dividend date was Wednesday, February 28th. This represents a $1.00 annualized dividend and a dividend yield of 1.78%. PBF Energy’s dividend payout ratio is currently 6.08%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on PBF. Citigroup began coverage on PBF Energy in a research report on Wednesday, January 24th. They issued a “neutral” rating on the stock. UBS Group lowered their price target on PBF Energy from $53.00 to $49.00 and set a “neutral” rating on the stock in a research report on Thursday, December 7th. Mizuho lowered PBF Energy from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $53.00 to $58.00 in a research report on Friday, March 22nd. StockNews.com lowered PBF Energy from a “buy” rating to a “hold” rating in a research report on Monday, December 18th. Finally, TD Cowen boosted their price target on PBF Energy from $35.00 to $41.00 and gave the stock a “market perform” rating in a research report on Friday, February 16th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $55.50.

About PBF Energy

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.