Voleon Capital Management LP Invests $658,000 in PBF Energy Inc. (NYSE:PBF)

Voleon Capital Management LP purchased a new position in shares of PBF Energy Inc. (NYSE:PBF - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 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 added to or reduced their stakes in PBF. T. Rowe Price Investment Management Inc. boosted its stake in shares of PBF Energy by 150.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,116,396 shares of the oil and gas company's stock valued at $56,191,000 after buying an additional 1,272,254 shares during the last quarter. Norges Bank bought a new stake in shares of PBF Energy in the 4th quarter worth about $20,896,000. JPMorgan Chase & Co. raised its stake in shares of PBF Energy by 60.4% in the 4th quarter. JPMorgan Chase & Co. now owns 1,492,573 shares of the oil and gas company's stock valued at $39,628,000 after purchasing an additional 562,287 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of PBF Energy by 2,119.6% during the fourth quarter. Van ECK Associates Corp now owns 411,307 shares of the oil and gas company's stock worth $10,920,000 after purchasing an additional 392,776 shares during the last quarter. 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 worth $28,071,000 after purchasing an additional 208,599 shares in the last quarter. 96.29% of the stock is owned by hedge funds and other institutional investors.

PBF Energy Trading Down 0.8 %

PBF stock traded down $0.15 during mid-day trading on Wednesday, reaching $18.59. 772,268 shares of the stock traded hands, compared to its average volume of 2,447,337. PBF Energy Inc. has a 52-week low of $13.62 and a 52-week high of $52.04. The stock's fifty day moving average is $18.08 and its 200-day moving average is $25.02. The company has a current ratio of 1.25, a quick ratio of 0.54 and a debt-to-equity ratio of 0.26. The company has a market cap of $2.14 billion, a P/E ratio of -3.95 and a beta of 0.76.

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

PBF Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 5.92%. The ex-dividend date of this dividend is Thursday, May 15th. PBF Energy's payout ratio is presently -12.09%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on PBF shares. Wells Fargo & Company lowered their price target on PBF Energy from $22.00 to $18.00 and set an "equal weight" rating for the company in a report on Friday, May 2nd. JPMorgan Chase & Co. lowered their target price on shares of PBF Energy from $31.00 to $29.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. Morgan Stanley decreased their price target on shares of PBF Energy from $28.00 to $20.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Scotiabank cut their target price on shares of PBF Energy from $25.00 to $16.00 and set a "sector perform" rating on the stock in a report on Friday, April 11th. Finally, The Goldman Sachs Group lowered their target price on PBF Energy from $28.00 to $23.00 and set a "neutral" rating for the company in a report on Thursday, March 27th. Seven investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. According to data from MarketBeat, PBF Energy currently has an average rating of "Hold" and a consensus price target of $22.82.

Insider Buying and Selling at PBF Energy

In other PBF Energy news, insider Control Empresarial De Capital bought 155,000 shares of the stock in a transaction on Monday, March 3rd. The shares were purchased at an average cost of $20.20 per share, with a total value of $3,131,000.00. Following the completion of the transaction, the insider now directly owns 30,249,998 shares of the company's stock, valued at $611,049,959.60. This represents a 0.52 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders have purchased 481,000 shares of company stock worth $10,380,180. 5.30% of the stock is currently owned by company insiders.

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.