PBF Energy Inc (PBF) Holdings Lifted by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. grew its position in PBF Energy Inc (NYSE:PBF) by 38.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,937 shares of the oil and gas company’s stock after purchasing an additional 3,031 shares during the period. First Citizens Bank & Trust Co.’s holdings in PBF Energy were worth $341,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Denali Advisors LLC lifted its position in shares of PBF Energy by 7.2% in the 1st quarter. Denali Advisors LLC now owns 232,800 shares of the oil and gas company’s stock valued at $7,249,000 after acquiring an additional 15,600 shares in the last quarter. Deutsche Bank AG lifted its position in shares of PBF Energy by 94.7% in the 4th quarter. Deutsche Bank AG now owns 1,101,455 shares of the oil and gas company’s stock valued at $35,981,000 after acquiring an additional 535,725 shares in the last quarter. MUFG Securities EMEA plc lifted its position in shares of PBF Energy by 27.9% in the 4th quarter. MUFG Securities EMEA plc now owns 152,200 shares of the oil and gas company’s stock valued at $4,972,000 after acquiring an additional 33,200 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of PBF Energy by 15.8% in the 4th quarter. Geode Capital Management LLC now owns 1,786,685 shares of the oil and gas company’s stock valued at $58,370,000 after acquiring an additional 243,762 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of PBF Energy in the 4th quarter valued at approximately $57,524,000. Hedge funds and other institutional investors own 95.23% of the company’s stock.

Shares of PBF opened at $32.52 on Wednesday. PBF Energy Inc has a 12 month low of $28.66 and a 12 month high of $53.91. The firm has a market cap of $3.86 billion, a PE ratio of 9.91, a price-to-earnings-growth ratio of 1.53 and a beta of 1.37. The company has a current ratio of 1.52, a quick ratio of 0.64 and a debt-to-equity ratio of 0.59.

PBF Energy (NYSE:PBF) last announced its quarterly earnings results on Thursday, February 14th. The oil and gas company reported $1.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.26. PBF Energy had a net margin of 0.47% and a return on equity of 11.96%. The company 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 business posted ($0.04) EPS. PBF Energy’s quarterly revenue was down 3.7% on a year-over-year basis. Equities research analysts forecast that PBF Energy Inc will post 2.44 earnings per share for the current fiscal year.

PBF has been the subject of several research analyst reports. Barclays restated a “buy” rating and issued a $62.00 price target on shares of PBF Energy in a research report on Friday, January 11th. ValuEngine upgraded shares of PBF Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, January 29th. TheStreet downgraded shares of PBF Energy from a “b” rating to a “c+” rating in a research report on Friday, February 15th. Tudor Pickering downgraded shares of PBF Energy from a “buy” rating to a “hold” rating in a research report on Friday, February 8th. Finally, Credit Suisse Group cut their target price on shares of PBF Energy from $51.00 to $47.00 and set a “neutral” rating for the company in a research report on Monday, January 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $49.56.

In related news, CEO Thomas J. Nimbley purchased 25,000 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were bought at an average cost of $30.03 per share, for a total transaction of $750,750.00. Following the transaction, the chief executive officer now directly owns 365,990 shares of the company’s stock, valued at approximately $10,990,679.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.20% of the company’s stock.

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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.

Read More: Return on Investment (ROI)

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

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