State Treasurer State of Michigan Takes Position in PBF Energy Inc. (PBF)

Paterniano Del Favero
Agosto 9, 2017

Principal Financial Group Inc. now owns 469,017 shares of the oil and gas company's stock worth $10,440,000 after buying an additional 450,267 shares during the last quarter. Has $739,000 Position in PBF Energy Inc. Ltd. boosted its stake in shares of PBF Energy by 50.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. acquired a new position in PBF Energy during the first quarter valued at $113,000. Bank of New York Mellon Corp boosted its stake in PBF Energy by 65.7% in the second quarter. Dimensional Fund Advisors LP now owns 8,595,206 shares of the oil and gas company's stock valued at $190,554,000 after buying an additional 2,850,233 shares during the period. Huntington National Bank acquired a new position in PBF Energy during the second quarter valued at $126,000. ProShare Advisors LLC now owns 11,255 shares of the oil and gas company's stock valued at $250,000 after buying an additional 1,110 shares during the last quarter. US Bancorp DE increased its position in PBF Energy by 6.4% in the second quarter. BlackRock Inc. now owns 4,696,870 shares of the oil and gas company's stock valued at $104,130,000 after buying an additional 4,664,688 shares during the period.

Highfields Capital Management Lp holds 7.49% of its portfolio in Marriott International Inc for 10.92 million shares. (NYSE PBF) opened at 22.67 on Wednesday. (PBF)'s latest closing price distance was at 1.32% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at 7.64% and 5.09% compared with the 20 Day Moving Average.

Let's talk about the gap between analyst price targets for the next 12 months and PBF Energy Inc. The firm has a market cap of $2.55 billion, a price-to-earnings ratio of 13.90 and a beta of 1.40. Analysts expect that PBF Energy will post $0.36 earnings per share for the current fiscal year. The oil and gas company reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by $0.09. Earnest Prtn Ltd Liability Corporation has invested 0% in PBF Energy Inc (NYSE:PBF). During the same period in the previous year, the firm earned $0.14 earnings per share. Ubs Oconnor Ltd Company stated it has 0% of its portfolio in PBF Energy Inc (NYSE:PBF).

The company also recently declared a dividend for shareholders that will be paid on Thursday the 31st of August 2017. The dividend payment will be $0.300 per share for the quarter or $1.20 annualized. The ex-dividend date is Friday, August 11th. This dividend represents a yield of $5.13. PBF Energy's dividend payout ratio (DPR) is now -363.64%.

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PBF has been the topic of several recent analyst reports.

PBF Energy Inc. (PBF) changed 3.34 million shares at hands on August 04, 2017 versus to the average volume of 2.3 million shares. Credit Suisse Group cut shares of PBF Energy from a neutral rating to an underperform rating and set a $18.00 price target for the company.in a research note on Tuesday, June 20th. The stock of PBF Energy Inc (NYSE:PBF) has "Buy" rating given on Tuesday, November 1 by Tudor Pickering. BidaskClub raised shares of PBF Energy from a "sell" rating to a "hold" rating in a research report on Friday. On the other side, analysts now consider PBF Energy Inc. a neutral, and a technical analysis of the stock is setting somewhat neutral outlook for now. Citigroup Inc. reaffirmed a "buy" rating and issued a $37.50 target price (down previously from $39.00) on shares of PBF Energy in a report on Saturday, April 22nd.

With all other things going on, PBF Energy Inc. The shares were acquired at an average cost of $20.17 per share, for a total transaction of $201,700.00. Following the transaction, the insider now owns 105,135 shares of the company's stock, valued at $2,120,572.95. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Thomas J. Nimbley purchased 50,000 shares of the stock in a transaction on Tuesday, May 30th. The company now has an average rating of "Hold" and an average price target of $23.33. Following the transaction, the chief executive officer now directly owns 290,000 shares in the company, valued at $5,710,100. The disclosure for this purchase can be found here. Seaward Limited Partnership invested 0.01% in PBF Energy Inc (NYSE:PBF). The Company is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the United States.

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