Bfsg LLC Acquires 1,005 Shares of PBF Energy Inc. (NYSE:PBF)

Bfsg LLC boosted its holdings in PBF Energy Inc. (NYSE:PBF) by 14.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,125 shares of the oil and gas company’s stock after purchasing an additional 1,005 shares during the quarter. Bfsg LLC’s holdings in PBF Energy were worth $216,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. State of New Jersey Common Pension Fund D increased its holdings in PBF Energy by 12.0% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 66,534 shares of the oil and gas company’s stock worth $1,766,000 after purchasing an additional 7,110 shares in the last quarter. Van ECK Associates Corp grew its stake in PBF Energy by 2,119.6% in the fourth quarter. Van ECK Associates Corp now owns 411,307 shares of the oil and gas company’s stock valued at $10,920,000 after acquiring an additional 392,776 shares during the period. Leavell Investment Management Inc. grew its stake in PBF Energy by 6.8% in the fourth quarter. Leavell Investment Management Inc. now owns 16,840 shares of the oil and gas company’s stock valued at $447,000 after acquiring an additional 1,070 shares during the period. Golden State Wealth Management LLC acquired a new stake in PBF Energy in the fourth quarter valued at approximately $61,000. Finally, Private Management Group Inc. grew its stake in PBF Energy by 24.6% in the fourth quarter. Private Management Group Inc. now owns 1,057,295 shares of the oil and gas company’s stock valued at $28,071,000 after acquiring an additional 208,599 shares during the period. 96.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. TD Cowen cut PBF Energy from a “hold” rating to a “sell” rating and reduced their price objective for the company from $27.00 to $20.00 in a research note on Friday, December 20th. Mizuho cut PBF Energy from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $33.00 to $31.00 in a research note on Monday, December 16th. The Goldman Sachs Group reduced their price objective on PBF Energy from $38.00 to $34.00 and set a “neutral” rating for the company in a research note on Tuesday, December 10th. JPMorgan Chase & Co. reduced their price objective on PBF Energy from $36.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Finally, Wells Fargo & Company cut their target price on PBF Energy from $34.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. Seven analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $31.18.

PBF Energy Trading Up 3.1 %

PBF stock opened at $23.91 on Wednesday. The stock’s fifty day simple moving average is $27.99 and its two-hundred day simple moving average is $30.91. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.25 and a quick ratio of 0.54. PBF Energy Inc. has a 1-year low of $22.03 and a 1-year high of $62.88.

PBF Energy (NYSE:PBF) last posted its quarterly earnings data on Thursday, February 13th. The oil and gas company reported ($2.82) earnings per share for the quarter, missing the consensus estimate of ($1.80) by ($1.02). PBF Energy had a negative return on equity of 7.40% and a negative net margin of 1.61%. The business had revenue of $7.35 billion during the quarter, compared to analysts’ expectations of $7.25 billion. On average, equities analysts expect that PBF Energy Inc. will post -0.69 EPS for the current year.

PBF Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Thursday, February 27th will be given a $0.275 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $1.10 annualized dividend and a yield of 4.60%. PBF Energy’s dividend payout ratio is currently -23.35%.

Insiders Place Their Bets

In other news, insider Control Empresarial De Capital bought 409,000 shares of the stock in a transaction on Wednesday, November 27th. The shares were purchased at an average cost of $31.58 per share, for a total transaction of $12,916,220.00. Following the completion of the purchase, the insider now directly owns 27,368,498 shares in the company, valued at $864,297,166.84. This represents a 1.52 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last quarter, insiders have acquired 1,868,500 shares of company stock valued at $55,348,810. Insiders own 6.20% of the company’s stock.

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.