BNP Paribas Financial Markets Has $2.74 Million Stock Holdings in PBF Energy Inc. (NYSE:PBF)

BNP Paribas Financial Markets reduced its position in PBF Energy Inc. (NYSE:PBF - Free Report) by 88.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,318 shares of the oil and gas company's stock after selling 759,910 shares during the period. BNP Paribas Financial Markets owned about 0.09% of PBF Energy worth $2,743,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PBF. Golden State Wealth Management LLC acquired a new position in shares of PBF Energy during the 4th quarter worth $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 acquiring an additional 614 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in PBF Energy during the fourth quarter worth about $68,000. Spire Wealth Management raised its position in shares of PBF Energy by 28.2% during the 4th quarter. Spire Wealth Management now owns 2,660 shares of the oil and gas company's stock worth $71,000 after purchasing an additional 585 shares during the last quarter. Finally, Avior Wealth Management LLC grew its holdings in PBF Energy by 58.0% during the 4th quarter. Avior Wealth Management LLC now owns 2,995 shares of the oil and gas company's stock valued at $80,000 after buying an additional 1,100 shares during the last quarter. 96.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at PBF Energy

In other PBF Energy news, insider Control Empresarial De Capital acquired 155,000 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were purchased at an average price of $20.20 per share, with a total value of $3,131,000.00. Following the completion of the transaction, the insider now owns 30,249,998 shares in the company, valued at $611,049,959.60. The trade was a 0.52% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders purchased 331,000 shares of company stock valued at $6,075,180 in the last quarter. Company insiders own 5.30% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. TD Cowen cut their price target on PBF Energy from $19.00 to $17.00 and set a "sell" rating for the company in a report on Tuesday, March 11th. Piper Sandler reduced their target price on shares of PBF Energy from $23.00 to $20.00 and set an "underweight" rating on the stock in a research report on Friday, May 2nd. JPMorgan Chase & Co. dropped their price target on shares of PBF Energy from $31.00 to $29.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Morgan Stanley dropped their target price on PBF Energy from $28.00 to $20.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. Finally, Mizuho increased their target price on PBF Energy from $22.00 to $23.00 and gave the company an "underperform" rating in a research note on Tuesday, May 13th. Seven research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $22.91.

PBF Energy Price Performance

Shares of NYSE:PBF traded down $0.74 during trading hours on Wednesday, hitting $20.51. 430,888 shares of the company's stock traded hands, compared to its average volume of 2,494,182. The company's fifty day simple moving average is $18.21 and its two-hundred day simple moving average is $24.35. The company has a market cap of $2.37 billion, a price-to-earnings ratio of -4.35 and a beta of 0.76. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.54 and a current ratio of 1.25. PBF Energy Inc. has a 52 week low of $13.62 and a 52 week high of $50.76.

PBF Energy (NYSE:PBF - Get Free Report) last released its quarterly 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. The business 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 firm's revenue was down 18.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.85 earnings per share. As a group, equities analysts anticipate that PBF Energy Inc. will post -1.12 EPS 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. Investors of record on Thursday, May 15th will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 5.36%. The ex-dividend date of this dividend is Thursday, May 15th. PBF Energy's dividend payout ratio is currently -12.09%.

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.