Kapitalo Investimentos Ltda Invests $428,000 in PBF Energy Inc. $PBF

Key Points

• Kapitalo Investimentos Ltda has acquired 19,757 shares of PBF Energy Inc., valued at approximately $428,000, marking a new position for the institutional investor in the company.
• PBF Energy reported a quarterly revenue of $7.48 billion, exceeding analysts' expectations, but the company has a negative return on equity of 17.46% and a negative net margin of 3.24%.
• Wells Fargo and Mizuho have recently adjusted their price targets for PBF Energy, reflecting the mixed sentiments among analysts regarding the stock's performance, with an average rating of "Reduce."

Kapitalo Investimentos Ltda bought a new position in PBF Energy Inc. (NYSE:PBF - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 19,757 shares of the oil and gas company's stock, valued at approximately $428,000.

A number of other large investors have also added to or reduced their stakes in PBF. Farther Finance Advisors LLC lifted its position in shares of PBF Energy by 25.0% during the second quarter. Farther Finance Advisors LLC now owns 2,609 shares of the oil and gas company's stock worth $57,000 after purchasing an additional 522 shares during the last quarter. Vident Advisory LLC boosted its position in shares of PBF Energy by 9.5% during the fourth quarter. Vident Advisory LLC now owns 8,022 shares of the oil and gas company's stock worth $213,000 after buying an additional 698 shares during the period. Knights of Columbus Asset Advisors LLC grew its stake in shares of PBF Energy by 2.8% in the first quarter. Knights of Columbus Asset Advisors LLC now owns 29,589 shares of the oil and gas company's stock worth $565,000 after purchasing an additional 795 shares in the last quarter. UMB Bank n.a. increased its stake in PBF Energy by 67.2% during the 2nd quarter. UMB Bank n.a. now owns 1,993 shares of the oil and gas company's stock valued at $43,000 after buying an additional 801 shares during the period. Finally, Fifth Third Bancorp raised its holdings in PBF Energy by 125.7% during the first quarter. Fifth Third Bancorp now owns 1,442 shares of the oil and gas company's stock worth $28,000 after purchasing an additional 803 shares in the last quarter. 96.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PBF has been the topic of several recent analyst reports. Piper Sandler upped their price target on PBF Energy from $22.00 to $29.00 and gave the company an "underweight" rating in a research report on Thursday, September 11th. Tudor Pickering cut PBF Energy from a "hold" rating to a "strong sell" rating in a report on Monday, September 15th. Scotiabank restated a "sector perform" rating and issued a $25.00 target price (up previously from $16.00) on shares of PBF Energy in a research note on Friday, July 11th. Tudor, Pickering, Holt & Co. cut shares of PBF Energy from a "hold" rating to a "sell" rating and set a $24.00 price objective for the company. in a research report on Monday, September 15th. Finally, Mizuho increased their price objective on shares of PBF Energy from $23.00 to $26.00 and gave the stock an "underperform" rating in a research note on Monday, September 15th. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Reduce" and a consensus target price of $25.54.

PBF Energy Stock Performance

Shares of PBF traded up $0.61 during mid-day trading on Monday, hitting $30.74. The stock had a trading volume of 2,994,785 shares, compared to its average volume of 3,902,814. PBF Energy Inc. has a 52 week low of $13.61 and a 52 week high of $34.22. The firm has a market cap of $3.56 billion, a P/E ratio of -3.58 and a beta of 0.97. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.31 and a quick ratio of 0.55. The business has a fifty day moving average price of $25.60 and a 200-day moving average price of $21.87.

PBF Energy (NYSE:PBF - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The oil and gas company reported ($1.03) EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $7.48 billion during the quarter, compared to analyst estimates of $6.65 billion. During the same period last year, the business earned ($0.54) earnings per share. PBF Energy's revenue was down 14.4% compared to the same quarter last year. On average, equities research analysts expect that PBF Energy Inc. will post -1.12 EPS for the current year.

PBF Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were paid a $0.275 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $1.10 dividend on an annualized basis and a yield of 3.6%. PBF Energy's dividend payout ratio (DPR) is presently -12.81%.

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.