24,766 Shares in PBF Energy Inc. (NYSE:PBF) Acquired by Voleon Capital Management LP

Voleon Capital Management LP acquired a new stake in PBF Energy Inc. (NYSE:PBF - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 24,766 shares of the oil and gas company's stock, valued at approximately $658,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of PBF. Tidal Investments LLC bought a new position in shares of PBF Energy in the third quarter valued at about $1,642,000. B. Riley Wealth Advisors Inc. raised its stake in shares of PBF Energy by 35.1% in the third quarter. B. Riley Wealth Advisors Inc. now owns 57,289 shares of the oil and gas company's stock worth $1,801,000 after acquiring an additional 14,892 shares during the last quarter. Fortitude Family Office LLC lifted its position in shares of PBF Energy by 968.8% during the fourth quarter. Fortitude Family Office LLC now owns 1,165 shares of the oil and gas company's stock worth $31,000 after purchasing an additional 1,056 shares in the last quarter. West Oak Capital LLC grew its stake in shares of PBF Energy by 6,069.5% during the fourth quarter. West Oak Capital LLC now owns 12,339 shares of the oil and gas company's stock valued at $328,000 after purchasing an additional 12,139 shares during the last quarter. Finally, FNY Investment Advisers LLC increased its holdings in shares of PBF Energy by 1,484.7% in the fourth quarter. FNY Investment Advisers LLC now owns 6,006 shares of the oil and gas company's stock valued at $159,000 after purchasing an additional 5,627 shares in the last quarter. Institutional investors and hedge funds own 96.29% of the company's stock.

PBF Energy Trading Down 3.3 %

Shares of NYSE PBF opened at $16.62 on Friday. PBF Energy Inc. has a twelve month low of $13.62 and a twelve month high of $53.55. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of -3.53 and a beta of 1.15. The company has a quick ratio of 0.54, a current ratio of 1.25 and a debt-to-equity ratio of 0.26. The company's fifty day moving average is $18.31 and its 200-day moving average is $25.37.

PBF Energy (NYSE:PBF - Get Free Report) last posted its earnings results on Thursday, May 1st. The oil and gas company reported ($3.09) earnings per share for the quarter, topping the consensus estimate of ($3.50) by $0.41. PBF Energy had a negative return on equity of 7.40% and a negative net margin of 1.61%. The firm had revenue of $7.07 billion for the quarter, compared to analyst estimates of $6.27 billion. During the same period in the previous year, the company posted $0.85 earnings per share. The company's revenue for the quarter was down 18.3% on a year-over-year basis. Equities research analysts predict that PBF Energy Inc. will post -1.12 EPS for the current year.

PBF Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Thursday, February 27th were paid a dividend of $0.275 per share. The ex-dividend date was Thursday, February 27th. This represents a $1.10 dividend on an annualized basis and a yield of 6.62%. PBF Energy's payout ratio is -23.35%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on PBF shares. JPMorgan Chase & Co. reduced their price objective on PBF Energy from $31.00 to $29.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th. Wells Fargo & Company decreased their price target 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. The Goldman Sachs Group dropped their price objective on PBF Energy from $28.00 to $23.00 and set a "neutral" rating for the company in a report on Thursday, March 27th. UBS Group reduced their target price on shares of PBF Energy from $29.00 to $26.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 19th. Finally, Mizuho cut their price objective on shares of PBF Energy from $28.00 to $22.00 and set an "underperform" rating on the stock in a report on Tuesday, April 1st. 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.com, the stock currently has an average rating of "Hold" and an average price target of $23.45.

Insiders Place Their Bets

In other news, insider Control Empresarial De Capital bought 40,000 shares of the stock in a transaction on Monday, February 3rd. The stock was purchased at an average price of $27.47 per share, for a total transaction of $1,098,800.00. Following the acquisition, the insider now owns 29,355,998 shares in the company, valued at approximately $806,409,265.06. This trade represents a 0.14 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In the last three months, insiders have purchased 521,000 shares of company stock worth $11,478,980. Company insiders own 5.30% of the company's stock.

PBF Energy Company 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.

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