Brown Advisory Inc. Makes New $230,000 Investment in PBF Energy Inc. (NYSE:PBF)

Brown Advisory Inc. bought a new stake in PBF Energy Inc. (NYSE:PBF - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 12,069 shares of the oil and gas company's stock, valued at approximately $230,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of PBF. Fifth Third Bancorp boosted its stake in PBF Energy by 125.7% in the first quarter. Fifth Third Bancorp now owns 1,442 shares of the oil and gas company's stock valued at $28,000 after acquiring an additional 803 shares in the last quarter. Parallel Advisors LLC grew its position in shares of PBF Energy by 80.4% in the first quarter. Parallel Advisors LLC now owns 2,434 shares of the oil and gas company's stock valued at $46,000 after purchasing an additional 1,085 shares during the last quarter. Golden State Wealth Management LLC boosted its holdings in shares of PBF Energy by 43.5% in the 1st quarter. Golden State Wealth Management LLC now owns 3,300 shares of the oil and gas company's stock valued at $63,000 after purchasing an additional 1,000 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of PBF Energy by 33.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,463 shares of the oil and gas company's stock valued at $65,000 after acquiring an additional 614 shares during the period. Finally, Harbor Capital Advisors Inc. grew its holdings in PBF Energy by 61.7% during the 1st quarter. Harbor Capital Advisors Inc. now owns 3,458 shares of the oil and gas company's stock worth $66,000 after acquiring an additional 1,320 shares in the last quarter. 96.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Scotiabank reaffirmed a "sector perform" rating and issued a $25.00 price target (up from $16.00) on shares of PBF Energy in a research note on Friday, July 11th. Morgan Stanley upped 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. UBS Group upgraded shares of PBF Energy from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $20.00 to $26.00 in a report on Tuesday, May 13th. Wells Fargo & Company boosted their target price on shares of PBF Energy from $21.00 to $24.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 15th. Finally, Piper Sandler dropped their target price on shares of PBF Energy from $23.00 to $20.00 and set an "underweight" rating on the stock in a report on Friday, May 2nd. Seven equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $25.00.

PBF Energy Trading Down 1.8%

NYSE PBF traded down $0.44 during trading hours on Friday, reaching $24.38. The company's stock had a trading volume of 3,142,496 shares, compared to its average volume of 2,743,558. The stock has a market cap of $2.82 billion, a P/E ratio of -2.68 and a beta of 0.84. The firm has a fifty day simple moving average of $22.21 and a 200-day simple moving average of $22.20. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.29 and a quick ratio of 0.52. PBF Energy Inc. has a 52 week low of $13.62 and a 52 week high of $42.64.

PBF Energy (NYSE:PBF - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The oil and gas company reported ($3.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($3.50) by $0.41. PBF Energy had a negative net margin of 3.30% and a negative return on equity of 15.67%. The business had revenue of $7.07 billion during the quarter, compared to the consensus estimate of $6.27 billion. During the same quarter last year, the firm posted $0.85 EPS. PBF Energy's revenue was down 18.3% compared to the same quarter last year. Equities analysts forecast that PBF Energy Inc. will post -1.12 earnings per share for the current fiscal year.

PBF Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date of this dividend was Thursday, May 15th. PBF Energy's payout ratio is -12.09%.

Insider Activity at PBF Energy

In other news, insider Control Empresarial De Capital acquired 48,500 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were acquired at an average cost of $17.99 per share, for a total transaction of $872,515.00. Following the purchase, the insider owned 30,823,498 shares of the company's stock, valued at approximately $554,514,729.02. The trade was a 0.16% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.30% of the stock is 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.