PBF Energy Inc. $PBF Shares Bought by EntryPoint Capital LLC

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 raised its holdings in PBF Energy Inc. (NYSE:PBF - Free Report) by 188.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,171 shares of the oil and gas company's stock after purchasing 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.

Other institutional investors also recently added to or reduced their stakes in the company. Fifth Third Bancorp boosted its holdings in PBF Energy by 125.7% in the 1st quarter. Fifth Third Bancorp now owns 1,442 shares of the oil and gas company's stock valued at $28,000 after purchasing an additional 803 shares in the last quarter. Allworth Financial LP lifted its position in shares of PBF Energy by 194.3% during the 1st quarter. Allworth Financial LP now owns 1,651 shares of the oil and gas company's stock valued at $32,000 after acquiring an additional 1,090 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of PBF Energy during the 1st quarter valued at approximately $35,000. Neo Ivy Capital Management acquired a new stake in shares of PBF Energy during the 1st quarter valued at approximately $37,000. Finally, Parallel Advisors LLC lifted its position in shares of PBF Energy by 80.4% during the 1st quarter. Parallel Advisors LLC now owns 2,434 shares of the oil and gas company's stock valued at $46,000 after acquiring an additional 1,085 shares during the period. Hedge funds and other institutional investors own 96.29% of the company's stock.

PBF Energy Price Performance

Shares of PBF Energy stock traded up $2.08 during trading on Friday, hitting $24.27. 5,986,429 shares of the company were exchanged, compared to its average volume of 3,511,887. The company has a quick ratio of 0.55, a current ratio of 1.31 and a debt-to-equity ratio of 0.46. PBF Energy Inc. has a fifty-two week low of $13.61 and a fifty-two week high of $34.57. The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of -2.83 and a beta of 0.92. The firm has a 50 day moving average price of $23.73 and a 200 day moving average price of $21.19.

PBF Energy (NYSE:PBF - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The oil and gas company reported ($1.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.19) by $0.16. PBF Energy had a negative return on equity of 17.46% and a negative net margin of 3.24%.The firm had revenue of $7.48 billion during the quarter, compared to the consensus estimate of $6.65 billion. During the same period in the previous year, the firm posted ($0.54) EPS. The company's quarterly revenue was down 14.4% compared to the same quarter last year. On average, equities analysts expect that PBF Energy Inc. will post -1.12 earnings per share for the current fiscal year.

PBF Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th will be issued a $0.275 dividend. The ex-dividend date is Thursday, August 14th. This represents a $1.10 annualized dividend and a yield of 4.5%. PBF Energy's payout ratio is -12.81%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on PBF. UBS Group upgraded shares of PBF Energy from a "neutral" rating to a "buy" rating and lifted their price target for the company from $20.00 to $26.00 in a research report on Tuesday, May 13th. Citigroup lifted their price target on shares of PBF Energy from $16.00 to $29.00 and gave the company a "neutral" rating in a research report on Wednesday, July 16th. Scotiabank reiterated a "sector perform" rating and set a $25.00 price target (up from $16.00) on shares of PBF Energy in a research report on Friday, July 11th. Morgan Stanley lifted their price target on shares of PBF Energy from $20.00 to $24.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 16th. Finally, Mizuho lifted their price target on shares of PBF Energy from $22.00 to $23.00 and gave the company an "underperform" rating in a research report on Tuesday, May 13th. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Reduce" and an average price target of $25.17.

Insiders Place Their Bets

In other PBF Energy news, insider Control Empresarial De Capital purchased 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 acquisition, 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 acquisition was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 5.30% of the company's stock.

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.