10,052 Shares in PBF Energy Inc. $PBF Bought by Ieq Capital LLC

Ieq Capital LLC purchased a new position in shares of PBF Energy Inc. (NYSE:PBF - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,052 shares of the oil and gas company's stock, valued at approximately $192,000.

A number of other large investors also recently made changes to their positions in the business. T. Rowe Price Investment Management Inc. lifted its stake in shares of PBF Energy by 170.7% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 5,728,843 shares of the oil and gas company's stock worth $109,364,000 after purchasing an additional 3,612,447 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of PBF Energy by 14.0% during the 1st quarter. Bank of New York Mellon Corp now owns 2,121,727 shares of the oil and gas company's stock worth $40,504,000 after purchasing an additional 260,464 shares during the period. American Century Companies Inc. lifted its stake in shares of PBF Energy by 1.7% during the 1st quarter. American Century Companies Inc. now owns 1,897,910 shares of the oil and gas company's stock worth $36,231,000 after purchasing an additional 32,285 shares during the period. Charles Schwab Investment Management Inc. raised its stake in PBF Energy by 12.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,675,273 shares of the oil and gas company's stock worth $31,981,000 after purchasing an additional 182,456 shares during the period. Finally, Two Sigma Investments LP raised its stake in PBF Energy by 12.6% during the fourth quarter. Two Sigma Investments LP now owns 1,645,584 shares of the oil and gas company's stock worth $43,690,000 after purchasing an additional 184,194 shares during the period. Hedge funds and other institutional investors own 96.29% of the company's stock.

Wall Street Analyst Weigh In

PBF has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their price target on shares of PBF Energy from $21.00 to $24.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 15th. Piper Sandler reaffirmed an "underweight" rating and set a $22.00 price target (up previously from $21.00) on shares of PBF Energy in a research note on Monday, August 4th. Scotiabank reaffirmed a "sector perform" rating and set a $25.00 price target (up previously from $16.00) on shares of PBF Energy in a research note on Friday, July 11th. Citigroup increased their price target on shares of PBF Energy from $16.00 to $29.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 16th. Finally, Morgan Stanley increased their price target on shares of PBF Energy from $20.00 to $24.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average target price of $24.83.

PBF Energy Trading Down 5.9%

Shares of PBF Energy stock traded down $1.77 during trading hours on Wednesday, hitting $28.21. The company's stock had a trading volume of 3,973,407 shares, compared to its average volume of 3,234,749. PBF Energy Inc. has a 1-year low of $13.61 and a 1-year high of $34.31. The business has a fifty day moving average of $24.93 and a 200 day moving average of $21.36. The company has a market capitalization of $3.26 billion, a PE ratio of -3.28 and a beta of 0.98. The company has a quick ratio of 0.55, a current ratio of 1.31 and a debt-to-equity ratio of 0.46.

PBF Energy (NYSE:PBF - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The oil and gas company reported ($1.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.19) by $0.16. PBF Energy had a negative net margin of 3.24% and a negative return on equity of 17.46%. The firm had revenue of $7.48 billion for the quarter, compared to the consensus estimate of $6.65 billion. During the same quarter in the previous year, the firm posted ($0.54) EPS. The firm's quarterly revenue was down 14.4% on a year-over-year basis. As a group, equities analysts forecast that PBF Energy Inc. will post -1.12 EPS for the current year.

PBF Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were paid a dividend of $0.275 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $1.10 annualized dividend and a yield of 3.9%. PBF Energy's payout ratio is -12.81%.

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.