Aquatic Capital Management LLC Buys New Shares in PBF Energy Inc. (NYSE:PBF)

Aquatic Capital Management LLC bought a new position in shares of PBF Energy Inc. (NYSE:PBF - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 88,269 shares of the oil and gas company's stock, valued at approximately $2,344,000. Aquatic Capital Management LLC owned approximately 0.08% of PBF Energy as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC grew its stake in 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 buying an additional 1,056 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in PBF Energy during the 4th quarter worth approximately $61,000. EverSource Wealth Advisors LLC increased its holdings in PBF Energy by 33.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,463 shares of the oil and gas company's stock valued at $65,000 after purchasing an additional 614 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in PBF Energy in the 4th quarter valued at $68,000. Finally, Spire Wealth Management raised its position in PBF Energy by 28.2% in the 4th quarter. Spire Wealth Management now owns 2,660 shares of the oil and gas company's stock valued at $71,000 after purchasing an additional 585 shares during the last quarter. 96.29% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Control Empresarial De Capital acquired 40,000 shares of PBF Energy stock in a transaction dated Monday, February 3rd. The stock was bought at an average cost of $27.47 per share, with a total value of $1,098,800.00. Following the completion of the transaction, the insider now directly owns 29,355,998 shares of the company's stock, valued at approximately $806,409,265.06. This represents a 0.14 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 Trading Up 5.2 %

Shares of PBF stock traded up $0.87 on Friday, hitting $17.53. The stock had a trading volume of 3,049,811 shares, compared to its average volume of 2,430,739. The company has a current ratio of 1.25, a quick ratio of 0.54 and a debt-to-equity ratio of 0.26. PBF Energy Inc. has a twelve month low of $13.62 and a twelve month high of $53.18. The company has a fifty day moving average price of $18.20 and a two-hundred day moving average price of $25.28. The firm has a market cap of $2.02 billion, a P/E ratio of -3.72 and a beta of 0.76.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $6.27 billion. During the same period in the previous year, the firm earned $0.85 earnings per share. The company's revenue was down 18.3% on a year-over-year basis. As a group, analysts forecast that PBF Energy Inc. will post -1.12 earnings per share for the current fiscal year.

PBF Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be paid a dividend of $0.275 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.10 dividend on an annualized basis and a yield of 6.27%. PBF Energy's payout ratio is -12.09%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. 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 research note on Thursday, March 27th. JPMorgan Chase & Co. dropped their target price 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. Mizuho decreased their price target on PBF Energy from $28.00 to $22.00 and set an "underperform" rating on the stock in a report on Tuesday, April 1st. UBS Group dropped their price objective on PBF Energy from $29.00 to $26.00 and set a "neutral" rating for the company in a report on Wednesday, February 19th. Finally, Scotiabank lowered their price target on shares of PBF Energy from $25.00 to $16.00 and set a "sector perform" rating for the company in a research report on Friday, April 11th. Seven equities research 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.com, PBF Energy currently has an average rating of "Hold" and an average target price of $22.82.

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.