Magnetar Financial LLC Acquires 66,548 Shares of PBF Energy Inc. (NYSE:PBF)

Magnetar Financial LLC raised its holdings in PBF Energy Inc. (NYSE:PBF) by 159.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 108,393 shares of the oil and gas company’s stock after acquiring an additional 66,548 shares during the period. Magnetar Financial LLC owned about 0.09% of PBF Energy worth $2,878,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of PBF Energy by 391.9% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,540,000 shares of the oil and gas company’s stock worth $47,663,000 after purchasing an additional 1,226,909 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of PBF Energy by 5.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,492,817 shares of the oil and gas company’s stock worth $39,634,000 after purchasing an additional 78,045 shares during the last quarter. Private Management Group Inc. grew its holdings in shares of PBF Energy by 24.6% during the fourth quarter. Private Management Group Inc. now owns 1,057,295 shares of the oil and gas company’s stock worth $28,071,000 after purchasing an additional 208,599 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of PBF Energy by 132.6% during the third quarter. BNP Paribas Financial Markets now owns 863,228 shares of the oil and gas company’s stock worth $26,717,000 after purchasing an additional 492,053 shares during the last quarter. Finally, William Blair Investment Management LLC grew its holdings in shares of PBF Energy by 1.9% during the fourth quarter. William Blair Investment Management LLC now owns 712,916 shares of the oil and gas company’s stock worth $18,928,000 after purchasing an additional 13,573 shares during the last quarter. Institutional investors own 96.29% of the company’s stock.

PBF Energy Price Performance

Shares of PBF opened at $21.90 on Friday. PBF Energy Inc. has a 52-week low of $18.97 and a 52-week high of $62.88. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.54 and a current ratio of 1.25. The business’s 50 day moving average price is $25.53 and its two-hundred day moving average price is $28.79. The firm has a market cap of $2.52 billion, a PE ratio of -4.65 and a beta of 1.62.

PBF Energy (NYSE:PBF) last issued its earnings results on Thursday, February 13th. The oil and gas company reported ($2.82) earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $7.35 billion for the quarter, compared to analyst estimates of $7.25 billion. On average, equities analysts anticipate that PBF Energy Inc. will post -1.12 EPS for the current year.

PBF Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Thursday, February 27th were issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 5.02%. The ex-dividend date of this dividend was Thursday, February 27th. PBF Energy’s dividend payout ratio is currently -23.35%.

Insider Buying and Selling

In other news, insider Control Empresarial De Capital bought 155,000 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were bought at an average cost of $20.20 per share, for a total transaction of $3,131,000.00. Following the acquisition, the insider now directly owns 30,249,998 shares in the company, valued at approximately $611,049,959.60. This trade represents a 0.52 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have bought a total of 721,000 shares of company stock worth $19,269,600 in the last ninety days. Corporate insiders own 5.30% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on PBF shares. TD Cowen reduced their price target on PBF Energy from $19.00 to $17.00 and set a “sell” rating on the stock in a report on Tuesday, March 11th. JPMorgan Chase & Co. reduced their target price on PBF Energy from $31.00 to $29.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. The Goldman Sachs Group reduced their target price on PBF Energy from $38.00 to $34.00 and set a “neutral” rating on the stock in a report on Tuesday, December 10th. Mizuho cut PBF Energy from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $33.00 to $31.00 in a report on Monday, December 16th. Finally, Wells Fargo & Company reduced their target price on PBF Energy from $25.00 to $22.00 and set an “equal weight” rating on the stock in a report on Thursday, March 13th. Seven research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to data from MarketBeat, PBF Energy currently has a consensus rating of “Hold” and a consensus target price of $27.36.

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.