Brooklands Fund Management Ltd Sells 22,971 Shares of PBF Energy Inc. $PBF

Key Points

• Brooklands Fund Management reduced its PBF Energy stake by 18.4%, selling 22,971 shares and retaining 102,204 shares worth approximately $7.9 million. Institutional investors collectively own 96.29% of the company.
• PBF Energy reported a strong quarter, with EPS of $12.78 beating estimates of $11.12 and revenue of $12.13 billion exceeding the $10.60 billion consensus; revenue rose 58.6% year over year.
• The company raised its quarterly dividend from $0.275 to $0.325 per share, but substantial insider selling and a consensus analyst rating of “Hold” remain potential concerns for investors.

Brooklands Fund Management Ltd lessened its stake in shares of PBF Energy Inc. (NYSE:PBF - Free Report) by 18.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 102,204 shares of the oil and gas company's stock after selling 22,971 shares during the quarter. PBF Energy comprises about 1.2% of Brooklands Fund Management Ltd's holdings, making the stock its 20th biggest holding. Brooklands Fund Management Ltd owned 0.09% of PBF Energy worth $7,866,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Prime Capital Investment Advisors LLC increased its position in shares of PBF Energy by 3.0% during the third quarter. Prime Capital Investment Advisors LLC now owns 4,826 shares of the oil and gas company's stock worth $371,000 after purchasing an additional 141 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of PBF Energy by 6.8% in the 1st quarter. Parallel Advisors LLC now owns 3,781 shares of the oil and gas company's stock valued at $180,000 after purchasing an additional 242 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of PBF Energy by 3.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,850 shares of the oil and gas company's stock valued at $326,000 after purchasing an additional 260 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of PBF Energy by 5.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 7,885 shares of the oil and gas company's stock valued at $375,000 after purchasing an additional 383 shares during the period. Finally, Pictet Asset Management Holding SA boosted its position in shares of PBF Energy by 3.2% in the 1st quarter. Pictet Asset Management Holding SA now owns 14,315 shares of the oil and gas company's stock valued at $682,000 after purchasing an additional 441 shares during the period. Institutional investors and hedge funds own 96.29% of the company's stock.

PBF Energy Price Performance

PBF stock opened at $75.76 on Friday. The firm has a 50 day moving average of $77.20 and a 200-day moving average of $53.28. The company has a market cap of $8.98 billion, a price-to-earnings ratio of 6.70, a PEG ratio of 0.08 and a beta of 0.18. The company has a current ratio of 1.33, a quick ratio of 0.67 and a debt-to-equity ratio of 0.27. PBF Energy Inc. has a 12-month low of $25.62 and a 12-month high of $92.46.

PBF Energy (NYSE:PBF - Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The oil and gas company reported $12.78 earnings per share for the quarter, topping analysts' consensus estimates of $11.12 by $1.66. The business had revenue of $12.13 billion for the quarter, compared to analysts' expectations of $10.60 billion. PBF Energy had a return on equity of 11.27% and a net margin of 3.94%. The company's revenue was up 58.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.52) EPS. As a group, equities analysts expect that PBF Energy Inc. will post 24.77 EPS for the current fiscal year.

PBF Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 24th. Shareholders of record on Thursday, November 12th will be given a dividend of $0.3250 per share. The ex-dividend date is Thursday, November 12th. This is a positive change from PBF Energy's previous quarterly dividend of $0.2750. This represents a $1.30 dividend on an annualized basis and a yield of 1.7%. PBF Energy's dividend payout ratio (DPR) is presently 9.73%.

PBF Energy News Roundup

Here are the key news stories impacting PBF Energy this week:

• Positive Sentiment: Major earnings and revenue beat: PBF reported quarterly earnings of $12.78 per share, exceeding the $11.12 analyst consensus, while revenue reached $12.13 billion versus expectations of $10.60 billion. Revenue increased 58.6% year over year, and the company swung from a $0.52-per-share loss in the prior-year quarter to substantial profitability. PBF Energy Announces Third Quarter 2026 Results
• Positive Sentiment: Strong operating performance and balance-sheet improvement: Third-quarter income from operations was $2.10 billion, compared with $285.9 million a year earlier. PBF ended the quarter with approximately $2.5 billion in cash and $2.1 billion in debt, while reducing net debt substantially. The Martinez refinery also returned to full capacity in May, supporting production and earnings. PBF Energy Posts Third-Quarter Net Income
• Positive Sentiment: Dividend increased: PBF raised its quarterly dividend 18.2%, from $0.275 to $0.325 per share, equivalent to $1.30 annually and a yield of approximately 1.7%. The dividend is payable November 24 to shareholders of record November 12. PBF Energy Reports Third-Quarter Results and Declares Dividend
• Positive Sentiment: Additional cost-reduction opportunity: Management is increasing refinery improvement efforts and targeting more than $350 million in savings, potentially supporting future margins and cash flow. PBF Energy Boosts Refinery Improvement Efforts
• Negative Sentiment: Insider selling is a cautionary signal: Reported insider activity over the past six months shows numerous sales and no purchases, including sizable sales by company executives and a controlling shareholder. This may temper investor enthusiasm despite the strong quarterly results.

Insiders Place Their Bets

In other PBF Energy news, Director Thomas Nimbley sold 116,008 shares of the company's stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $73.73, for a total value of $8,553,269.84. Following the sale, the director owned 793,737 shares of the company's stock, valued at approximately $58,522,229.01. This represents a 12.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Control Empresarial De Capital sold 170,000 shares of the company's stock in a transaction on Thursday, October 8th. The shares were sold at an average price of $88.03, for a total value of $14,965,100.00. Following the completion of the sale, the insider directly owned 13,326,127 shares in the company, valued at $1,173,098,959.81. This trade represents a 1.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 3,656,374 shares of company stock worth $269,769,137. 5.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on PBF shares. Mizuho raised their price target on PBF Energy from $65.00 to $89.00 and gave the stock a "neutral" rating in a research note on Thursday, October 8th. BMO Capital Markets reiterated a "market perform" rating on shares of PBF Energy in a research note on Thursday, October 1st. Weiss Ratings upgraded PBF Energy from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, October 8th. The Goldman Sachs Group increased their price objective on PBF Energy from $81.00 to $91.00 and gave the company a "neutral" rating in a report on Friday, October 9th. Finally, Piper Sandler assumed coverage on shares of PBF Energy in a research report on Tuesday. They set a "neutral" rating and a $94.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $70.91.

About PBF Energy

PBF Energy Inc NYSE: PBF is an independent petroleum refiner and supplier of transportation fuels, heating oil, petrochemical feedstocks, lubricants, asphalt and other refined petroleum products. The company purchases crude oil and other feedstocks, processes them at its refineries, and sells the resulting products to branded and unbranded fuel retailers, distributors, wholesalers and commercial customers.

PBF operates refineries in several major U.S. refining regions, including the East Coast, Midwest, Gulf Coast and West Coast.

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