PBF Energy Inc. (NYSE:PBF) Shares Sold by Hara Capital LLC

Hara Capital LLC decreased its holdings in shares of PBF Energy Inc. (NYSE:PBF - Free Report) by 17.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 448,145 shares of the oil and gas company's stock after selling 97,450 shares during the quarter. PBF Energy accounts for about 5.8% of Hara Capital LLC's investment portfolio, making the stock its biggest position. Hara Capital LLC owned 0.39% of PBF Energy worth $8,555,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. T. Rowe Price Investment Management Inc. boosted its position 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 acquiring an additional 1,272,254 shares in the last quarter. Norges Bank acquired a new stake in shares of PBF Energy during the 4th quarter valued at about $20,896,000. Recurrent Investment Advisors LLC grew its position in shares of 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 acquiring an additional 573,161 shares during the period. JPMorgan Chase & Co. grew its position in shares of PBF Energy by 60.4% during the 4th quarter. JPMorgan Chase & Co. now owns 1,492,573 shares of the oil and gas company's stock valued at $39,628,000 after acquiring an additional 562,287 shares during the period. Finally, Nuveen Asset Management LLC boosted its holdings in PBF Energy by 94.7% in the 4th quarter. Nuveen Asset Management LLC now owns 568,901 shares of the oil and gas company's stock worth $15,104,000 after buying an additional 276,672 shares during the last quarter. Hedge funds and other institutional investors own 96.29% of the company's stock.

Insider Activity

In other PBF Energy news, insider Control Empresarial De Capital bought 48,500 shares of PBF Energy stock in a transaction dated Thursday, June 5th. The stock was bought at an average price of $17.99 per share, with a total value of $872,515.00. Following the completion of the transaction, the insider owned 30,823,498 shares in the company, valued at $554,514,729.02. The trade was a 0.16% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 6.70% of the company's stock.

PBF Energy Price Performance

NYSE:PBF traded up $0.80 during mid-day trading on Friday, reaching $28.70. 4,328,045 shares of the company were exchanged, compared to its average volume of 2,736,194. The stock has a market cap of $3.32 billion, a PE ratio of -3.15 and a beta of 0.84. The company has a quick ratio of 0.52, a current ratio of 1.29 and a debt-to-equity ratio of 0.43. PBF Energy Inc. has a 12 month low of $13.62 and a 12 month high of $42.64. The company has a fifty day moving average of $21.55 and a 200 day moving average of $22.19.

PBF Energy (NYSE:PBF - Get Free Report) last announced its earnings results on Thursday, May 1st. The oil and gas company reported ($3.09) EPS for the quarter, topping 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 firm had revenue of $7.07 billion for the quarter, compared to the consensus estimate of $6.27 billion. During the same period last year, the company posted $0.85 EPS. The business's quarterly revenue was down 18.3% on a year-over-year basis. On average, research analysts anticipate that PBF Energy Inc. will post -1.12 EPS for the current fiscal year.

PBF Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Shareholders 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 yield of 3.83%. PBF Energy's dividend payout ratio (DPR) is -12.09%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on PBF shares. Wells Fargo & Company lifted their price target on shares of PBF Energy from $18.00 to $21.00 and gave the company an "equal weight" rating in a research report on Wednesday, June 11th. The Goldman Sachs Group lowered their target price on shares of PBF Energy from $28.00 to $23.00 and set a "neutral" rating for the company in a research note on Thursday, March 27th. Morgan Stanley lowered their target price on shares of PBF Energy from $28.00 to $20.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Mizuho upped their target price on shares of PBF Energy from $22.00 to $23.00 and gave the company an "underperform" rating in a report on Tuesday, May 13th. Finally, Scotiabank increased their price target on shares of PBF Energy from $16.00 to $25.00 and gave the company a "sector perform" rating in a research report on Friday. Seven investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, PBF Energy presently has an average rating of "Hold" and an average price target of $24.00.

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.