GSA Capital Partners LLP Purchases New Holdings in PBF Energy Inc. (NYSE:PBF)

Key Points

• GSA Capital Partners LLP acquired a new stake in PBF Energy, purchasing 40,873 shares valued at approximately $780,000 during the first quarter.
• Several institutional investors have significantly increased their holdings in PBF Energy, leading to institutional ownership of 96.29% of the company.
• PBF Energy recently announced a quarterly dividend of $0.275 per share, providing an annualized yield of 5.1% for investors.

GSA Capital Partners LLP acquired a new stake in shares of PBF Energy Inc. (NYSE:PBF - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 40,873 shares of the oil and gas company's stock, valued at approximately $780,000.

Several other large investors have also modified their holdings of the stock. CANADA LIFE ASSURANCE Co lifted its holdings in PBF Energy by 0.7% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 72,672 shares of the oil and gas company's stock worth $1,931,000 after purchasing an additional 480 shares during the last quarter. Vident Advisory LLC lifted its position in shares of PBF Energy by 9.5% during the 4th quarter. Vident Advisory LLC now owns 8,022 shares of the oil and gas company's stock worth $213,000 after purchasing an additional 698 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of PBF Energy by 3.2% during the fourth quarter. LPL Financial LLC now owns 23,802 shares of the oil and gas company's stock worth $632,000 after buying an additional 748 shares during the last quarter. Rafferty Asset Management LLC raised its stake in PBF Energy by 0.4% during the 4th quarter. Rafferty Asset Management LLC now owns 177,474 shares of the oil and gas company's stock valued at $4,712,000 after purchasing an additional 795 shares during the last quarter. Finally, Knights of Columbus Asset Advisors LLC grew its position in PBF Energy by 2.8% during the first quarter. Knights of Columbus Asset Advisors LLC now owns 29,589 shares of the oil and gas company's stock worth $565,000 after buying an additional 795 shares in the last quarter. 96.29% of the stock is owned by institutional investors.

Insider Transactions at PBF Energy

In other news, insider Control Empresarial De Capital bought 48,500 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The shares were bought at an average cost of $17.99 per share, for a total transaction of $872,515.00. Following the acquisition, the insider directly owned 30,823,498 shares in the company, valued at approximately $554,514,729.02. This trade represents a 0.16% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 6.70% of the company's stock.

PBF Energy Trading Down 3.8%

Shares of NYSE:PBF traded down $0.91 during midday trading on Wednesday, hitting $22.75. 3,074,195 shares of the stock were exchanged, compared to its average volume of 3,166,873. The business's 50-day moving average price is $22.83 and its 200 day moving average price is $21.82. The stock has a market capitalization of $2.63 billion, a price-to-earnings ratio of -2.65 and a beta of 0.92. PBF Energy Inc. has a 12 month low of $13.61 and a 12 month high of $37.99. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.55 and a current ratio of 1.31.

PBF Energy (NYSE:PBF - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The oil and gas company reported ($1.03) earnings per share for the quarter, beating analysts' consensus estimates of ($1.19) by $0.16. The business had revenue of $7.48 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the business posted ($0.54) earnings per share. Analysts predict 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 will be paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th will be paid a $0.275 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.10 annualized dividend and a yield of 4.8%. PBF Energy's payout ratio is -12.81%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Piper Sandler reissued an "underweight" rating and issued a $22.00 target price (up from $21.00) on shares of PBF Energy in a report on Monday. Mizuho boosted their target price on shares of PBF Energy from $22.00 to $23.00 and gave the company an "underperform" rating in a research note on Tuesday, May 13th. UBS Group upgraded shares of PBF Energy from a "neutral" rating to a "buy" rating and increased their target price for the stock from $20.00 to $26.00 in a research report on Tuesday, May 13th. Wells Fargo & Company boosted their price target on shares of PBF Energy from $21.00 to $24.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 15th. Finally, Citigroup boosted their target price on PBF Energy from $16.00 to $29.00 and gave the stock a "neutral" rating in a report on Wednesday, July 16th. Seven investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $25.17.

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.