Dimensional Fund Advisors LP Trims Position in PBF Energy Inc. (NYSE:PBF)

Dimensional Fund Advisors LP cut its holdings in shares of PBF Energy Inc. (NYSE:PBF - Free Report) by 5.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,185,345 shares of the oil and gas company's stock after selling 378,591 shares during the quarter. Dimensional Fund Advisors LP owned approximately 5.37% of PBF Energy worth $164,212,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Norges Bank bought a new position in PBF Energy during the fourth quarter valued at about $20,896,000. JPMorgan Chase & Co. grew its position in shares of PBF Energy by 60.4% during 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 acquiring an additional 562,287 shares during the period. Van ECK Associates Corp increased its stake in shares of PBF Energy by 2,119.6% during the 4th 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. Private Management Group Inc. raised its holdings in shares of PBF Energy by 24.6% in the 4th 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 during the period. Finally, American Century Companies Inc. lifted its stake in PBF Energy by 11.2% in the fourth quarter. American Century Companies Inc. now owns 1,865,625 shares of the oil and gas company's stock valued at $49,532,000 after purchasing an additional 187,351 shares during the last quarter. 96.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at PBF Energy

In other news, insider Control Empresarial De Capital acquired 15,000 shares of the firm's stock in a transaction on Wednesday, April 9th. The shares were purchased at an average price of $13.98 per share, for a total transaction of $209,700.00. Following the completion of the transaction, the insider now owns 30,757,998 shares of the company's stock, valued at $429,996,812.04. The trade was a 0.05 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders purchased 567,000 shares of company stock worth $12,845,180. 5.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on PBF shares. Wells Fargo & Company decreased their target price 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. TD Cowen decreased their price objective on PBF Energy from $19.00 to $17.00 and set a "sell" rating for the company in a report on Tuesday, March 11th. UBS Group dropped their price objective on shares of PBF Energy from $29.00 to $26.00 and set a "neutral" rating on the stock in a report on Wednesday, February 19th. Morgan Stanley cut their target price on shares of 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. Finally, Scotiabank lowered their price target on shares of PBF Energy from $25.00 to $16.00 and set a "sector perform" rating on the stock in a research report on Friday, April 11th. Seven equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat, PBF Energy presently has an average rating of "Hold" and an average price target of $23.45.

PBF Energy Trading Up 0.3 %

Shares of PBF Energy stock traded up $0.06 during trading on Tuesday, reaching $17.14. The company's stock had a trading volume of 534,373 shares, compared to its average volume of 2,397,471. The company has a market cap of $1.98 billion, a price-to-earnings ratio of -3.63 and a beta of 1.15. The firm's 50-day moving average is $18.69 and its two-hundred day moving average is $25.60. PBF Energy Inc. has a 52-week low of $13.62 and a 52-week high of $58.17. The company has a quick ratio of 0.54, a current ratio of 1.25 and a debt-to-equity ratio of 0.26.

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). The company had revenue of $7.35 billion for the quarter, compared to the consensus estimate of $7.25 billion. PBF Energy had a negative net margin of 1.61% and a negative return on equity of 7.40%. On average, sell-side analysts anticipate that PBF Energy Inc. will post -1.12 earnings per share for the current year.

PBF Energy Announces Dividend

The business also recently declared 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 was Thursday, February 27th. This represents a $1.10 dividend on an annualized basis and a yield of 6.42%. PBF Energy's dividend payout ratio (DPR) is currently -23.35%.

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.