Ieq Capital LLC Invests $192,000 in PBF Energy Inc. $PBF

Ieq Capital LLC acquired a new position in shares of PBF Energy Inc. (NYSE:PBF - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 10,052 shares of the oil and gas company's stock, valued at approximately $192,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fifth Third Bancorp boosted its position in shares of PBF Energy by 125.7% during the 1st quarter. Fifth Third Bancorp now owns 1,442 shares of the oil and gas company's stock worth $28,000 after acquiring an additional 803 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of PBF Energy by 194.3% in the 1st quarter. Allworth Financial LP now owns 1,651 shares of the oil and gas company's stock valued at $32,000 after purchasing an additional 1,090 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of PBF Energy in the 1st quarter valued at about $35,000. Neo Ivy Capital Management purchased a new stake in shares of PBF Energy in the 1st quarter valued at about $37,000. Finally, Parallel Advisors LLC lifted its holdings in shares of PBF Energy by 80.4% in the 1st quarter. Parallel Advisors LLC now owns 2,434 shares of the oil and gas company's stock valued at $46,000 after purchasing an additional 1,085 shares during the last quarter. 96.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on PBF shares. Wells Fargo & Company boosted their target price on PBF Energy from $21.00 to $24.00 and gave the company an "equal weight" rating in a report on Tuesday, July 15th. Scotiabank reissued a "sector perform" rating and issued a $25.00 target price (up from $16.00) on shares of PBF Energy in a report on Friday, July 11th. Citigroup boosted their target price on PBF Energy from $16.00 to $29.00 and gave the company a "neutral" rating in a report on Wednesday, July 16th. Bank of America boosted their target price on PBF Energy from $16.00 to $21.00 and gave the company an "underperform" rating in a report on Wednesday, September 3rd. Finally, Morgan Stanley boosted their target price on PBF Energy from $20.00 to $24.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Reduce" and a consensus price target of $25.42.

PBF Energy Stock Performance

PBF Energy stock traded down $1.16 during mid-day trading on Friday, reaching $27.49. 4,169,567 shares of the company were exchanged, compared to its average volume of 3,754,205. PBF Energy Inc. has a twelve month low of $13.61 and a twelve month high of $34.31. The firm's 50-day simple moving average is $25.18 and its two-hundred day simple moving average is $21.48. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.55 and a current ratio of 1.31. The firm has a market cap of $3.18 billion, a PE ratio of -3.20 and a beta of 0.98.

PBF Energy (NYSE:PBF - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The oil and gas company reported ($1.03) earnings per share for the quarter, topping analysts' consensus estimates of ($1.19) by $0.16. The company had revenue of $7.48 billion during the quarter, compared to analysts' expectations of $6.65 billion. PBF Energy had a negative return on equity of 17.46% and a negative net margin of 3.24%.The firm's revenue for the quarter was down 14.4% on a year-over-year basis. During the same period last year, the firm earned ($0.54) EPS. Equities analysts predict that PBF Energy Inc. will post -1.12 earnings per share for the current fiscal year.

PBF Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Thursday, August 14th. PBF Energy's dividend payout ratio is -12.81%.

PBF Energy Profile

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.