PBF Energy Inc (PBF) Stake Lifted by Dorsey Wright & Associates

Share on StockTwits

Dorsey Wright & Associates lifted its position in shares of PBF Energy Inc (NYSE:PBF) by 391.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 71,980 shares of the oil and gas company’s stock after acquiring an additional 57,331 shares during the quarter. Dorsey Wright & Associates owned 0.06% of PBF Energy worth $3,593,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of PBF. Smithfield Trust Co. acquired a new position in shares of PBF Energy during the second quarter worth about $121,000. Itau Unibanco Holding S.A. acquired a new position in shares of PBF Energy during the second quarter worth about $132,000. Point72 Hong Kong Ltd acquired a new position in shares of PBF Energy during the second quarter worth about $145,000. Cerebellum GP LLC acquired a new position in shares of PBF Energy during the second quarter worth about $175,000. Finally, Sun Life Financial INC acquired a new position in shares of PBF Energy during the second quarter worth about $200,000. Institutional investors and hedge funds own 93.38% of the company’s stock.

PBF has been the topic of several recent analyst reports. Credit Suisse Group upped their target price on shares of PBF Energy from $46.00 to $53.00 and gave the stock a “neutral” rating in a research report on Friday, October 5th. Citigroup upped their target price on shares of PBF Energy from $50.00 to $55.00 and gave the stock a “hold” rating in a research report on Friday, September 7th. Goldman Sachs Group upgraded shares of PBF Energy from a “sell” rating to a “neutral” rating in a research report on Friday, September 7th. Morgan Stanley set a $54.00 target price on shares of PBF Energy and gave the stock a “sell” rating in a research report on Friday. Finally, Wells Fargo & Co lowered their target price on shares of PBF Energy from $63.00 to $59.00 and set an “outperform” rating on the stock in a research report on Friday, August 10th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company’s stock. PBF Energy presently has an average rating of “Hold” and an average target price of $45.58.

Shares of PBF opened at $50.73 on Friday. The company has a current ratio of 1.66, a quick ratio of 0.63 and a debt-to-equity ratio of 0.70. PBF Energy Inc has a twelve month low of $26.88 and a twelve month high of $53.91. The stock has a market cap of $5.68 billion, a price-to-earnings ratio of 44.50, a P/E/G ratio of 1.17 and a beta of 1.47.

PBF Energy (NYSE:PBF) last announced its quarterly earnings results on Thursday, August 2nd. The oil and gas company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.03. PBF Energy had a net margin of 3.40% and a return on equity of 9.82%. The company had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $6.15 billion. During the same quarter in the prior year, the firm earned ($0.06) earnings per share. The company’s revenue for the quarter was up 48.4% compared to the same quarter last year. Equities analysts anticipate that PBF Energy Inc will post 2.73 EPS for the current year.

PBF Energy Company Profile

PBF Energy Inc, together with its subsidiaries, engages in the refining and supply of petroleum products. The company operates through 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.

Further Reading: How Do You Calculate Return on Equity (ROE)?

Institutional Ownership by Quarter for PBF Energy (NYSE:PBF)

Receive News & Ratings for PBF Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PBF Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply