B. Riley Wealth Advisors Inc. Decreases Holdings in PBF Energy Inc. (NYSE:PBF)

B. Riley Wealth Advisors Inc. lessened its stake in shares of PBF Energy Inc. (NYSE:PBF - Free Report) by 39.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,520 shares of the oil and gas company's stock after selling 22,769 shares during the quarter. B. Riley Wealth Advisors Inc.'s holdings in PBF Energy were worth $917,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. GF Fund Management CO. LTD. purchased a new position in PBF Energy during the fourth quarter worth about $803,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of PBF Energy by 7.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 249,415 shares of the oil and gas company's stock valued at $6,622,000 after purchasing an additional 17,404 shares during the period. iSAM Funds UK Ltd purchased a new position in shares of PBF Energy in the fourth quarter valued at approximately $508,000. Vident Advisory LLC boosted its stake in shares of PBF Energy by 9.5% in the fourth quarter. Vident Advisory LLC now owns 8,022 shares of the oil and gas company's stock valued at $213,000 after purchasing an additional 698 shares during the period. Finally, Towle & Co. boosted its stake in shares of PBF Energy by 34.2% in the fourth quarter. Towle & Co. now owns 535,451 shares of the oil and gas company's stock valued at $14,216,000 after purchasing an additional 136,394 shares during the period. Hedge funds and other institutional investors own 96.29% of the company's stock.

Analyst Upgrades and Downgrades

PBF has been the subject of several recent research reports. Scotiabank lowered their price objective on shares of PBF Energy from $25.00 to $16.00 and set a "sector perform" rating for the company in a research note on Friday, April 11th. Wells Fargo & Company lowered their price objective on shares of PBF Energy from $22.00 to $18.00 and set an "equal weight" rating for the company in a research note on Friday, May 2nd. UBS Group raised shares of PBF Energy from a "neutral" rating to a "buy" rating and raised their price objective for the company from $20.00 to $26.00 in a research note on Tuesday, May 13th. The Goldman Sachs Group lowered their price objective on shares of PBF Energy from $28.00 to $23.00 and set a "neutral" rating for the company in a research note on Thursday, March 27th. Finally, TD Cowen decreased their price target on shares of PBF Energy from $19.00 to $17.00 and set a "sell" rating for the company in a research note on Tuesday, March 11th. Seven analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $22.91.

PBF Energy Stock Performance

NYSE:PBF traded down $0.55 during midday trading on Monday, reaching $18.51. The stock had a trading volume of 2,287,038 shares, compared to its average volume of 2,536,223. The firm has a fifty day simple moving average of $18.02 and a two-hundred day simple moving average of $23.65. PBF Energy Inc. has a 12-month low of $13.62 and a 12-month high of $48.20. The company has a quick ratio of 0.54, a current ratio of 1.25 and a debt-to-equity ratio of 0.26. The stock has a market cap of $2.14 billion, a P/E ratio of -3.93 and a beta of 0.76.

PBF Energy (NYSE:PBF - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The oil and gas company reported ($3.09) earnings per share for the quarter, beating analysts' consensus estimates of ($3.50) by $0.41. PBF Energy had a negative net margin of 1.61% and a negative return on equity of 7.40%. The firm had revenue of $7.07 billion for the quarter, compared to analyst estimates of $6.27 billion. During the same period last year, the firm posted $0.85 EPS. PBF Energy's quarterly revenue was down 18.3% on a year-over-year basis. On average, equities analysts expect that PBF Energy Inc. will post -1.12 EPS for the current year.

PBF Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were given a $0.275 dividend. The ex-dividend date was Thursday, May 15th. This represents a $1.10 dividend on an annualized basis and a yield of 5.94%. PBF Energy's dividend payout ratio (DPR) is -12.09%.

Insider Activity at PBF Energy

In related news, insider Control Empresarial De Capital bought 110,000 shares of the company's stock in a transaction on Thursday, April 3rd. The stock was bought at an average cost of $17.40 per share, with a total value of $1,914,000.00. Following the completion of the acquisition, the insider now owns 30,696,998 shares in the company, valued at approximately $534,127,765.20. This represents a 0.36% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have bought a total of 176,000 shares of company stock worth $2,944,180 in the last three months. Insiders own 5.30% of the company's stock.

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.