Barclays PLC Has $7.31 Million Stock Holdings in PBF Energy Inc. (NYSE:PBF)

Barclays PLC raised its stake in shares of PBF Energy Inc. (NYSE:PBF - Free Report) by 27.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 275,338 shares of the oil and gas company's stock after purchasing an additional 58,691 shares during the period. Barclays PLC owned 0.24% of PBF Energy worth $7,309,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fortitude Family Office LLC grew its holdings 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 valued at $31,000 after purchasing an additional 1,056 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in shares of PBF Energy in the fourth quarter valued at approximately $61,000. EverSource Wealth Advisors LLC boosted its position in shares of PBF Energy by 33.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,463 shares of the oil and gas company's stock valued at $65,000 after acquiring an additional 614 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of PBF Energy in the fourth quarter valued at approximately $68,000. Finally, Spire Wealth Management boosted its position in shares of PBF Energy by 28.2% in the fourth quarter. Spire Wealth Management now owns 2,660 shares of the oil and gas company's stock valued at $71,000 after acquiring an additional 585 shares during the period. Institutional investors and hedge funds own 96.29% of the company's stock.

PBF Energy Price Performance

Shares of PBF traded down $0.08 during mid-day trading on Wednesday, hitting $17.14. 3,593,381 shares of the company traded hands, compared to its average volume of 2,418,009. PBF Energy Inc. has a one year low of $13.62 and a one year high of $53.87. 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 business has a 50-day moving average of $18.44 and a 200 day moving average of $25.48. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of -3.64 and a beta of 1.15.

PBF Energy (NYSE:PBF - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The oil and gas company reported ($2.82) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.80) by ($1.02). PBF Energy had a negative net margin of 1.61% and a negative return on equity of 7.40%. The business had revenue of $7.35 billion during the quarter, compared to the consensus estimate of $7.25 billion. As a group, equities analysts expect that PBF Energy Inc. will post -1.12 earnings per share for the current fiscal year.

PBF Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Thursday, February 27th were paid a $0.275 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $1.10 dividend on an annualized basis and a yield of 6.42%. PBF Energy's payout ratio is presently -23.35%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PBF. Wells Fargo & Company reduced their price objective on PBF Energy from $25.00 to $22.00 and set an "equal weight" rating for the company in a research report on Thursday, March 13th. Morgan Stanley reduced their target price on PBF Energy from $28.00 to $20.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. Mizuho reduced their target price on PBF Energy from $28.00 to $22.00 and set an "underperform" rating for the company in a research report on Tuesday, April 1st. The Goldman Sachs Group reduced their target price on PBF Energy from $28.00 to $23.00 and set a "neutral" rating for the company in a research report on Thursday, March 27th. Finally, Scotiabank reduced their target price on 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 investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $23.45.

Insider Buying and Selling at PBF Energy

In other news, insider Control Empresarial De Capital bought 40,000 shares of the business's stock in a transaction on Monday, February 3rd. The shares were bought at an average cost of $27.47 per share, for a total transaction of $1,098,800.00. Following the completion of 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 position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last ninety days, insiders have acquired 567,000 shares of company stock valued at $12,845,180. 5.30% of the stock is currently owned by insiders.

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.