EntryPoint Capital LLC Boosts Stock Position in PBF Energy Inc. $PBF

Key Points

• EntryPoint Capital LLC significantly increased its holdings in PBF Energy by 188.5%, acquiring an additional 15,140 shares, bringing its total to 23,171 shares valued at $442,000.
• Insider Control Empresarial De Capital bought 48,500 shares of PBF Energy, raising their total ownership to approximately 30.8 million shares, valued at over $554 million.
• PBF Energy recently reported a quarterly loss of ($1.03) EPS, surpassing analyst expectations, while revenue of $7.48 billion was down 14.4% year-over-year.

EntryPoint Capital LLC increased its holdings in shares of PBF Energy Inc. (NYSE:PBF - Free Report) by 188.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,171 shares of the oil and gas company's stock after buying an additional 15,140 shares during the quarter. EntryPoint Capital LLC's holdings in PBF Energy were worth $442,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. grew its stake 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 valued at $56,191,000 after purchasing an additional 1,272,254 shares during the last quarter. Nuveen LLC purchased a new stake in PBF Energy during the 1st quarter valued at about $13,600,000. Deutsche Bank AG grew its stake in PBF Energy by 697.2% during the 1st quarter. Deutsche Bank AG now owns 784,515 shares of the oil and gas company's stock valued at $14,976,000 after purchasing an additional 686,103 shares during the last quarter. Recurrent Investment Advisors LLC grew its stake in PBF Energy by 154.0% during the 4th 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 during the last quarter. Finally, Nuveen Asset Management LLC grew its stake in PBF Energy by 94.7% during the 4th quarter. Nuveen Asset Management LLC now owns 568,901 shares of the oil and gas company's stock valued at $15,104,000 after purchasing an additional 276,672 shares during the last quarter. 96.29% of the stock is currently owned by hedge funds and other institutional investors.

PBF Energy Price Performance

NYSE PBF traded down $0.64 during trading hours on Tuesday, reaching $25.13. The company's stock had a trading volume of 1,717,528 shares, compared to its average volume of 3,170,245. The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of -2.93 and a beta of 0.92. PBF Energy Inc. has a 1-year low of $13.61 and a 1-year high of $34.49. 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 company's 50-day moving average is $23.79 and its two-hundred day moving average is $21.12.

PBF Energy (NYSE:PBF - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The oil and gas company reported ($1.03) earnings per share for the quarter, topping analysts' consensus estimates of ($1.19) by $0.16. The company had revenue of $7.48 billion during the quarter, compared to analysts' expectations of $6.65 billion. PBF Energy had a negative return on equity of 17.46% and a negative net margin of 3.24%.PBF Energy's quarterly revenue was down 14.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.54) EPS. On average, equities 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 will be paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th will be paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 4.4%. The ex-dividend date is Thursday, August 14th. PBF Energy's payout ratio is -12.81%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Wells Fargo & Company boosted their price target on PBF Energy from $21.00 to $24.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 15th. Citigroup boosted their price objective on PBF Energy from $16.00 to $29.00 and gave the company a "neutral" rating in a report on Wednesday, July 16th. Morgan Stanley boosted their price objective on PBF Energy from $20.00 to $24.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. Piper Sandler reissued an "underweight" rating and issued a $22.00 price objective (up previously from $21.00) on shares of PBF Energy in a report on Monday, August 4th. Finally, UBS Group raised PBF Energy from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $20.00 to $26.00 in a report on Tuesday, May 13th. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Reduce" and an average price target of $25.17.

Insider Buying and Selling

In other news, insider Control Empresarial De Capital acquired 48,500 shares of the business's stock in a transaction on Thursday, June 5th. The stock was bought 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 in the company, valued at approximately $554,514,729.02. This represents a 0.16% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 6.70% 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.