AQR Capital Management LLC Acquires 140,804 Shares of PBF Energy Inc. (NYSE:PBF)

AQR Capital Management LLC raised its holdings in PBF Energy Inc. (NYSE:PBF - Free Report) by 27.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 654,093 shares of the oil and gas company's stock after acquiring an additional 140,804 shares during the quarter. AQR Capital Management LLC owned approximately 0.57% of PBF Energy worth $17,144,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. T. Rowe Price Investment Management Inc. increased its holdings in PBF Energy by 150.7% in the fourth 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 purchasing an additional 1,272,254 shares during the period. Norges Bank bought a new stake in shares of PBF Energy in the 4th quarter valued at about $20,896,000. JPMorgan Chase & Co. increased its stake in shares of PBF Energy by 60.4% in the fourth quarter. JPMorgan Chase & Co. now owns 1,492,573 shares of the oil and gas company's stock valued at $39,628,000 after buying an additional 562,287 shares during the period. Van ECK Associates Corp raised 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 acquiring an additional 392,776 shares during the last quarter. Finally, Private Management Group Inc. lifted its stake in shares of 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 acquiring an additional 208,599 shares during the period. Institutional investors own 96.29% of the company's stock.

Insiders Place Their Bets

In other news, insider Control Empresarial De Capital bought 15,000 shares of PBF Energy stock in a transaction dated Wednesday, April 9th. The stock was purchased at an average price of $13.98 per share, for a total transaction of $209,700.00. Following the purchase, the insider now directly owns 30,757,998 shares in the company, valued at $429,996,812.04. The trade was a 0.05 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders purchased 331,000 shares of company stock valued at $6,075,180. Corporate insiders own 5.30% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on PBF. Morgan Stanley lowered 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. UBS Group lowered their target price on shares of PBF Energy from $29.00 to $26.00 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. TD Cowen cut their price target on shares of PBF Energy from $19.00 to $17.00 and set a "sell" rating on the stock in a research report on Tuesday, March 11th. JPMorgan Chase & Co. lowered their price objective on PBF Energy from $31.00 to $29.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. Finally, Piper Sandler cut their target price on PBF Energy from $23.00 to $20.00 and set an "underweight" rating on the stock in a research report on Friday, May 2nd. Seven equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat.com, PBF Energy has a consensus rating of "Hold" and a consensus target price of $22.82.

PBF Energy Stock Up 5.1 %

Shares of PBF traded up $0.98 during trading hours on Friday, reaching $20.31. The stock had a trading volume of 4,304,645 shares, compared to its average volume of 2,472,927. The firm has a 50-day simple moving average of $17.99 and a 200 day simple moving average of $24.74. PBF Energy Inc. has a 12 month low of $13.62 and a 12 month high of $51.63. 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 capitalization of $2.34 billion, a price-to-earnings ratio of -4.31 and a beta of 0.76.

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

PBF Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.275 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.10 dividend on an annualized basis and a yield of 5.42%. PBF Energy's dividend payout ratio (DPR) is currently -12.09%.

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.