GSA Capital Partners LLP Purchases 20,064 Shares of PBF Energy Inc. $PBF

GSA Capital Partners LLP raised its position in shares of PBF Energy Inc. (NYSE:PBF) by 192.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 30,472 shares of the oil and gas company’s stock after buying an additional 20,064 shares during the quarter. GSA Capital Partners LLP’s holdings in PBF Energy were worth $826,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Smartleaf Asset Management LLC boosted its position in PBF Energy by 197.7% during the third quarter. Smartleaf Asset Management LLC now owns 887 shares of the oil and gas company’s stock valued at $27,000 after acquiring an additional 589 shares during the last quarter. Torren Management LLC bought a new stake in PBF Energy during the fourth quarter valued at $30,000. Deseret Mutual Benefit Administrators boosted its position in PBF Energy by 62.3% during the third quarter. Deseret Mutual Benefit Administrators now owns 1,146 shares of the oil and gas company’s stock valued at $35,000 after acquiring an additional 440 shares during the last quarter. Hantz Financial Services Inc. boosted its position in PBF Energy by 235.7% during the third quarter. Hantz Financial Services Inc. now owns 1,299 shares of the oil and gas company’s stock valued at $39,000 after acquiring an additional 912 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in PBF Energy by 114.7% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,491 shares of the oil and gas company’s stock valued at $68,000 after acquiring an additional 1,331 shares during the last quarter. Institutional investors own 96.29% of the company’s stock.

PBF Energy Price Performance

Shares of NYSE PBF opened at $40.25 on Friday. The firm’s 50-day moving average price is $43.39 and its 200-day moving average price is $36.96. PBF Energy Inc. has a 1-year low of $17.53 and a 1-year high of $52.18. The firm has a market capitalization of $4.76 billion, a P/E ratio of 10.85, a P/E/G ratio of 0.15 and a beta of 0.15. The company has a current ratio of 1.31, a quick ratio of 0.62 and a debt-to-equity ratio of 0.50.

PBF Energy (NYSE:PBF) last announced its quarterly earnings data on Thursday, April 30th. The oil and gas company reported ($0.88) earnings per share for the quarter, missing the consensus estimate of ($0.79) by ($0.09). PBF Energy had a net margin of 1.46% and a negative return on equity of 4.12%. The company had revenue of $7.90 billion for the quarter, compared to analyst estimates of $7.32 billion. During the same quarter in the prior year, the company posted ($3.53) EPS. PBF Energy’s revenue for the quarter was up 11.9% on a year-over-year basis. Equities research analysts anticipate that PBF Energy Inc. will post 6.7 earnings per share for the current fiscal year.

PBF Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 14th will be issued a dividend of $0.275 per share. The ex-dividend date is Thursday, May 14th. This represents a $1.10 annualized dividend and a dividend yield of 2.7%. PBF Energy’s dividend payout ratio is currently 29.65%.

Insider Buying and Selling at PBF Energy

In other news, insider Control Empresarial De Capital sold 1,100,000 shares of the company’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $46.21, for a total transaction of $50,831,000.00. Following the transaction, the insider owned 22,996,898 shares in the company, valued at approximately $1,062,686,656.58. This represents a 4.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 9,918,525 shares of company stock worth $454,441,751 in the last quarter. 5.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PBF. Tudor Pickering raised shares of PBF Energy from a “strong sell” rating to a “hold” rating in a research report on Friday, February 13th. Scotiabank upped their price target on shares of PBF Energy from $28.00 to $34.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. Zacks Research raised shares of PBF Energy from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 8th. Morgan Stanley upped their price target on shares of PBF Energy from $27.00 to $34.00 and gave the company an “underweight” rating in a research report on Friday, April 24th. Finally, Mizuho upped their price objective on shares of PBF Energy from $38.00 to $45.00 and gave the company a “neutral” rating in a report on Tuesday, March 17th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, PBF Energy presently has a consensus rating of “Reduce” and a consensus target price of $35.92.

PBF Energy Company Profile

PBF Energy, Inc is an independent petroleum refiner organized in 2008 and headquartered in Parsippany, New Jersey. The company began trading on the New York Stock Exchange in July 2012 under the ticker symbol PBF. Since its formation, PBF Energy has grown through acquisitions and operational optimization, positioning itself as a leading supplier of refined petroleum products in the United States.

The company owns and operates five refineries located along the U.S. Gulf Coast, East Coast and in the Pacific Northwest, with a combined crude oil processing capacity of approximately 900,000 barrels per day.