30,238 Shares in PBF Energy Inc. (NYSE:PBF) Bought by GF Fund Management CO. LTD.

GF Fund Management CO. LTD. bought a new stake in shares of PBF Energy Inc. (NYSE:PBF - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 30,238 shares of the oil and gas company's stock, valued at approximately $803,000.

Other large investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new stake in shares of PBF Energy during the 4th quarter valued at $61,000. EverSource Wealth Advisors LLC increased its holdings in 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 worth $65,000 after acquiring an additional 614 shares during the last quarter. Spire Wealth Management increased its holdings in PBF Energy by 28.2% in the 4th quarter. Spire Wealth Management now owns 2,660 shares of the oil and gas company's stock worth $71,000 after acquiring an additional 585 shares during the last quarter. Avior Wealth Management LLC increased its holdings in PBF Energy by 58.0% in the 4th quarter. Avior Wealth Management LLC now owns 2,995 shares of the oil and gas company's stock worth $80,000 after acquiring an additional 1,100 shares during the last quarter. Finally, Sterling Capital Management LLC increased its holdings in PBF Energy by 783.2% in the 4th quarter. Sterling Capital Management LLC now owns 3,162 shares of the oil and gas company's stock worth $84,000 after acquiring an additional 2,804 shares during the last quarter. 96.29% of the stock is owned by hedge funds and other institutional investors.

PBF Energy Price Performance

PBF stock traded down $0.40 during mid-day trading on Friday, reaching $19.02. 642,547 shares of the company traded hands, compared to its average volume of 2,530,807. The company has a market capitalization of $2.20 billion, a P/E ratio of -4.03 and a beta of 0.76. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.25 and a quick ratio of 0.54. The company has a fifty day moving average price of $18.04 and a 200-day moving average price of $23.91. PBF Energy Inc. has a 52-week low of $13.62 and a 52-week high of $48.20.

PBF Energy (NYSE:PBF - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The oil and gas company reported ($3.09) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($3.50) by $0.41. The firm had revenue of $7.07 billion during the quarter, compared to the consensus estimate of $6.27 billion. PBF Energy had a negative return on equity of 7.40% and a negative net margin of 1.61%. The company's revenue for the quarter was down 18.3% on a year-over-year basis. During the same quarter last year, the company posted $0.85 EPS. As a group, analysts anticipate that PBF Energy Inc. will post -1.12 earnings per share for the current year.

PBF Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were given a dividend of $0.275 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 5.78%. PBF Energy's dividend payout ratio (DPR) is presently -12.09%.

Insider Buying and Selling

In other news, insider Control Empresarial De Capital bought 15,000 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The stock was bought at an average price of $14.44 per share, for a total transaction of $216,600.00. Following the transaction, the insider now directly owns 30,774,998 shares of the company's stock, valued at $444,390,971.12. This represents a 0.05% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders bought 331,000 shares of company stock worth $6,075,180 in the last quarter. 6.70% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. UBS Group raised PBF Energy from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $20.00 to $26.00 in a report on Tuesday, May 13th. Mizuho lifted their price objective on PBF Energy from $22.00 to $23.00 and gave the stock an "underperform" rating in a report on Tuesday, May 13th. Scotiabank decreased their price objective on PBF Energy from $25.00 to $16.00 and set a "sector perform" rating for the company in a report on Friday, April 11th. TD Cowen decreased their price objective on PBF Energy from $19.00 to $17.00 and set a "sell" rating for the company in a report on Tuesday, March 11th. Finally, The Goldman Sachs Group decreased their price objective on PBF Energy from $28.00 to $23.00 and set a "neutral" rating for the company in a report on Thursday, March 27th. Seven equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $22.91.

About PBF Energy

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.