Virginia Retirement Systems ET AL acquired a new stake in PBF Energy Inc (NYSE:PBF) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 32,000 shares of the oil and gas company’s stock, valued at approximately $1,342,000.

Several other institutional investors have also made changes to their positions in PBF. Smithfield Trust Co. bought a new stake in PBF Energy during the 2nd quarter valued at $121,000. Hanseatic Management Services Inc. raised its holdings in PBF Energy by 559.5% during the 1st quarter. Hanseatic Management Services Inc. now owns 3,146 shares of the oil and gas company’s stock valued at $107,000 after buying an additional 2,669 shares during the last quarter. Cerebellum GP LLC bought a new stake in PBF Energy during the 2nd quarter valued at $175,000. Vicus Capital bought a new stake in PBF Energy during the 2nd quarter valued at $219,000. Finally, Cambria Investment Management L.P. bought a new stake in PBF Energy during the 2nd quarter valued at $315,000. 97.27% of the stock is owned by institutional investors.

Shares of NYSE PBF opened at $45.61 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.66 and a quick ratio of 0.63. PBF Energy Inc has a 12 month low of $19.46 and a 12 month high of $51.42. The firm has a market capitalization of $5.52 billion, a price-to-earnings ratio of 40.01, a P/E/G ratio of 1.03 and a beta of 1.42.

PBF Energy (NYSE:PBF) last issued its quarterly earnings data on Thursday, August 2nd. The oil and gas company reported $1.38 EPS for the quarter, topping the Thomson Reuters’ 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 business had revenue of $7.44 billion during the quarter, compared to analyst estimates of $6.15 billion. During the same period in the prior year, the business earned ($0.06) EPS. The company’s revenue for the quarter was up 48.4% on a year-over-year basis. equities research analysts expect that PBF Energy Inc will post 2.77 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 30th. Shareholders of record on Wednesday, August 15th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, August 14th. This represents a $1.20 annualized dividend and a yield of 2.63%. PBF Energy’s dividend payout ratio (DPR) is presently 105.26%.

A number of equities research analysts recently commented on PBF shares. Citigroup upped their price target on shares of PBF Energy from $47.00 to $50.00 and gave the company a “hold” rating in a report on Wednesday. Royal Bank of Canada reiterated a “hold” rating and set a $46.00 price target on shares of PBF Energy in a report on Friday, August 3rd. Macquarie upgraded shares of PBF Energy from a “neutral” rating to an “outperform” rating in a report on Monday, July 9th. Wells Fargo & Co lowered their price target on shares of PBF Energy from $63.00 to $59.00 and set an “outperform” rating for the company in a report on Friday, August 10th. Finally, Credit Suisse Group upped their price target on shares of PBF Energy from $37.00 to $46.00 and gave the company a “neutral” rating in a report on Monday, June 4th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $43.25.

About PBF Energy

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.

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

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