PBF Energy Inc. (NYSE:PBF) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its holdings in PBF Energy Inc. (NYSE:PBF - Free Report) by 14.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,121,727 shares of the oil and gas company's stock after buying an additional 260,464 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.84% of PBF Energy worth $40,504,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. lifted its holdings in PBF Energy by 150.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,116,396 shares of the oil and gas company's stock worth $56,191,000 after buying an additional 1,272,254 shares during the last quarter. Norges Bank purchased a new stake in PBF Energy during the fourth quarter worth approximately $20,896,000. Recurrent Investment Advisors LLC boosted its holdings in PBF Energy by 154.0% in the fourth quarter. Recurrent Investment Advisors LLC now owns 945,239 shares of the oil and gas company's stock valued at $25,096,000 after purchasing an additional 573,161 shares in the last quarter. JPMorgan Chase & Co. increased its stake in PBF Energy by 60.4% in the fourth quarter. JPMorgan Chase & Co. now owns 1,492,573 shares of the oil and gas company's stock valued at $39,628,000 after purchasing an additional 562,287 shares during the last quarter. Finally, Nuveen Asset Management LLC raised its holdings in PBF Energy by 94.7% during the fourth quarter. Nuveen Asset Management LLC now owns 568,901 shares of the oil and gas company's stock worth $15,104,000 after purchasing an additional 276,672 shares in the last quarter. Hedge funds and other institutional investors own 96.29% of the company's stock.

PBF Energy Stock Performance

Shares of NYSE:PBF traded down $0.14 during trading on Thursday, reaching $24.84. The company had a trading volume of 2,900,242 shares, compared to its average volume of 2,737,617. PBF Energy Inc. has a fifty-two week low of $13.62 and a fifty-two week high of $42.64. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.29 and a quick ratio of 0.52. The stock's fifty day moving average price is $22.02 and its 200 day moving average price is $22.25. The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of -2.73 and a beta of 0.84.

PBF Energy (NYSE:PBF - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The oil and gas company reported ($3.09) EPS for the quarter, topping analysts' consensus estimates of ($3.50) by $0.41. The company had revenue of $7.07 billion during the quarter, compared to the consensus estimate of $6.27 billion. PBF Energy had a negative net margin of 3.30% and a negative return on equity of 15.67%. PBF Energy's quarterly revenue was down 18.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.85 EPS. As a group, equities research analysts predict that PBF Energy Inc. will post -1.12 EPS for the current year.

PBF Energy Announces Dividend

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 of this dividend was Thursday, May 15th. This represents a $1.10 dividend on an annualized basis and a yield of 4.43%. PBF Energy's payout ratio is currently -12.09%.

Wall Street Analyst Weigh In

PBF has been the subject of several research analyst reports. 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 report on Friday, July 11th. Wells Fargo & Company boosted their price target on shares of PBF Energy from $21.00 to $24.00 and gave the company an "equal weight" rating in a research report on Tuesday. Citigroup upped their price objective on shares of PBF Energy from $16.00 to $29.00 and gave the company a "neutral" rating in a research note on Wednesday. Mizuho lifted their target price on PBF Energy from $22.00 to $23.00 and gave the stock an "underperform" rating in a research report on Tuesday, May 13th. Finally, UBS Group raised PBF Energy from a "neutral" rating to a "buy" rating and boosted their target price for the company from $20.00 to $26.00 in a report on Tuesday, May 13th. Seven investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, PBF Energy has an average rating of "Hold" and an average target price of $25.00.

Insider Buying and Selling

In other PBF Energy news, insider Control Empresarial De Capital bought 48,500 shares of the company's stock in a transaction on Thursday, June 5th. The shares were bought at an average price of $17.99 per share, for a total transaction of $872,515.00. Following the transaction, the insider owned 30,823,498 shares of the company's stock, valued at approximately $554,514,729.02. This trade represents a 0.16% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 5.30% of the stock is currently owned by insiders.

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.