Semanteon Capital Management LP Makes New $345,000 Investment in PBF Energy Inc. (NYSE:PBF)

Semanteon Capital Management LP purchased a new position in PBF Energy Inc. (NYSE:PBF) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 7,858 shares of the oil and gas company’s stock, valued at approximately $345,000.

A number of other large investors have also bought and sold shares of the stock. Fifth Third Bancorp lifted its stake in shares of PBF Energy by 39.8% in the third quarter. Fifth Third Bancorp now owns 808 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 230 shares in the last quarter. C M Bidwell & Associates Ltd. lifted its stake in shares of PBF Energy by 6.7% in the third quarter. C M Bidwell & Associates Ltd. now owns 4,875 shares of the oil and gas company’s stock valued at $261,000 after buying an additional 305 shares in the last quarter. Los Angeles Capital Management LLC lifted its stake in shares of PBF Energy by 0.6% in the third quarter. Los Angeles Capital Management LLC now owns 60,077 shares of the oil and gas company’s stock valued at $3,216,000 after buying an additional 366 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in shares of PBF Energy by 2.9% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 18,427 shares of the oil and gas company’s stock valued at $986,000 after buying an additional 514 shares in the last quarter. Finally, Diversified Trust Co lifted its stake in shares of PBF Energy by 10.8% in the fourth quarter. Diversified Trust Co now owns 5,464 shares of the oil and gas company’s stock valued at $240,000 after buying an additional 532 shares in the last quarter. 96.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at PBF Energy

In other news, SVP Connor Thomas L. O sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $55.87, for a total value of $2,234,800.00. Following the completion of the sale, the senior vice president now directly owns 160,338 shares in the company, valued at approximately $8,958,084.06. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, SVP Paul T. Davis sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $56.37, for a total value of $5,637,000.00. Following the completion of the sale, the senior vice president now directly owns 110,978 shares in the company, valued at approximately $6,255,829.86. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Connor Thomas L. O sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $55.87, for a total transaction of $2,234,800.00. Following the completion of the sale, the senior vice president now owns 160,338 shares of the company’s stock, valued at $8,958,084.06. The disclosure for this sale can be found here. In the last ninety days, insiders sold 180,000 shares of company stock worth $10,074,600. 5.30% of the stock is currently owned by insiders.

PBF Energy Price Performance

Shares of NYSE:PBF opened at $57.75 on Friday. The company has a 50 day moving average of $54.44 and a 200 day moving average of $48.74. The stock has a market cap of $6.90 billion, a P/E ratio of 3.51 and a beta of 1.73. PBF Energy Inc. has a 12 month low of $31.25 and a 12 month high of $62.88. The company has a current ratio of 1.56, a quick ratio of 0.81 and a debt-to-equity ratio of 0.19.

PBF Energy (NYSE:PBF) last issued its quarterly earnings data on Thursday, February 15th. The oil and gas company reported ($0.41) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.49). PBF Energy had a net margin of 5.59% and a return on equity of 23.69%. The firm had revenue of $9.14 billion for the quarter, compared to analysts’ expectations of $8.65 billion. During the same period in the prior year, the firm posted $4.41 EPS. PBF Energy’s revenue was down 15.7% on a year-over-year basis. As a group, sell-side analysts forecast that PBF Energy Inc. will post 7.39 EPS for the current fiscal year.

PBF Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Thursday, February 29th were issued a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.73%. PBF Energy’s payout ratio is 6.08%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PBF. Citigroup began coverage on shares of PBF Energy in a research note on Wednesday, January 24th. They issued a “neutral” rating on the stock. Bank of America raised shares of PBF Energy from a “neutral” rating to a “buy” rating and raised their price target for the company from $52.00 to $74.00 in a research report on Friday, March 15th. JPMorgan Chase & Co. raised their price target on shares of PBF Energy from $54.00 to $59.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. TD Cowen raised their price target on shares of PBF Energy from $35.00 to $41.00 and gave the company a “market perform” rating in a research report on Friday, February 16th. Finally, Scotiabank raised their price target on shares of PBF Energy from $39.00 to $56.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $57.55.

About PBF Energy

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.