Snow Capital Management LP Increases Holding in Pbf Energy INC (PBF)

Lester Mason
December 16, 2017

PBF Energy Inc (PBF Energy) is a holding company. PBF Energy Inc. (NYSE:PBF) has declined 20.84% since December 14, 2016 and is downtrending. The firm owned 10,030,425 shares of the oil and gas company's stock after selling 1,854,232 shares during the quarter.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in shares of PBF Energy by 7.4% in the second quarter. That transaction by Vanguard took place on September 30, 2017, the same day Dimensional Fund Advisors Lp purchased an additional 37 shares in PBF to bring its total stake to 9.23 million. Moreover, Chicago Equity Partners Ltd Liability Corporation has 0.01% invested in PBF Energy Inc. Huntington Bank & Trust accumulated 5,674 shares or 0% of the stock. After $1.44 actual EPS reported by PBF Energy Inc. for the previous quarter, Wall Street now forecasts -59.72 % negative EPS growth. Accern also assigned media stories about the oil and gas company an impact score of 68 out of 100, meaning that recent press coverage is likely to have an effect on the company's share price in the next few days. Finally, LSV Asset Management boosted its position in PBF Energy by 6.1% during the second quarter.

The stock decreased 0.59% or $0.2 during the last trading session, reaching $33.63.


More news for PBF Energy Inc. Deprince Race & Zollo Inc. now owns 1,209,580 shares of the oil and gas company's stock worth $33,397,000 after acquiring an additional 341,675 shares in the last quarter. TheStreet upgraded PBF Energy from a "c" rating to a "b" rating in a research note on Thursday, November 2nd. Royal Bank of Canada reiterated a "hold" rating and set a $30.00 target price on shares of PBF Energy in a research report on Tuesday, November 7th. (NYSE:PBF) hit a new 52-week high and has $36.32 target or 8.00 % above today's $33.63 share price. Analysts anticipate that PBF Energy will post $1.01 EPS for the current year. The rating was downgraded by Howard Weil to "Sector Outperform" on Wednesday, October 19. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. PBF Energy's dividend payout ratio is presently 68.97%. PBF traded on a high for the day of 34.22 with a corresponding low of 32.83. (NYSE:PBF) on Monday, October 10 to "Underweight" rating. The daily trading volume has averaged 20.62 million shares a day in past 3 months. The company has a market cap of $3,610.00, a price-to-earnings ratio of 71.98, a P/E/G ratio of 2.07 and a beta of 1.45. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.50 and a current ratio of 1.50. (NYSE:PBF). Utah-based Utah Retirement Sys has invested 0.01% in PBF Energy Inc. The oil and gas company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.22. The rating was downgraded by Goldman Sachs on Wednesday, June 29 to "Neutral". PBF Energy's revenue for the quarter was up 21.4% compared to the same quarter a year ago.

As regular trading ended, PBF Energy Inc. Stockholders of record on Monday, November 13th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, November 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.52%. (NYSE:PBF). Sei Invs owns 0% invested in PBF Energy Inc.

COPYRIGHT VIOLATION NOTICE: "PBF Energy Inc. (PBF) Shares Sold by Ameriprise Financial Inc." was published by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of United States & global copyright legislation. Finally, Riverhead Capital Management LLC acquired a new stake in shares of PBF Energy in the second quarter valued at $186,000. 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. The firm operates through two divisions, Refining and Logistics.

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