iSAM Funds UK Ltd Takes $508,000 Position in PBF Energy Inc. (NYSE:PBF)

iSAM Funds UK Ltd purchased a new position in PBF Energy Inc. (NYSE:PBF - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 19,116 shares of the oil and gas company's stock, valued at approximately $508,000.

Several other institutional investors and hedge funds also recently modified their holdings of PBF. Golden State Wealth Management LLC bought a new position in PBF Energy during the fourth quarter valued at about $61,000. EverSource Wealth Advisors LLC boosted its stake in PBF Energy by 33.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,463 shares of the oil and gas company's stock valued at $65,000 after buying an additional 614 shares in the last quarter. Spire Wealth Management boosted its stake in PBF Energy by 28.2% during the fourth quarter. Spire Wealth Management now owns 2,660 shares of the oil and gas company's stock valued at $71,000 after buying an additional 585 shares in the last quarter. Avior Wealth Management LLC boosted its stake in PBF Energy by 58.0% during the fourth quarter. Avior Wealth Management LLC now owns 2,995 shares of the oil and gas company's stock valued at $80,000 after buying an additional 1,100 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its stake in PBF Energy by 783.2% during the fourth quarter. Sterling Capital Management LLC now owns 3,162 shares of the oil and gas company's stock valued at $84,000 after buying an additional 2,804 shares in the last quarter. Institutional investors own 96.29% of the company's stock.

PBF Energy Trading Down 1.7%

Shares of NYSE PBF traded down $0.35 during mid-day trading on Friday, hitting $20.32. 2,643,370 shares of the company traded hands, compared to its average volume of 2,522,098. The business has a 50 day moving average of $18.14 and a two-hundred day moving average of $24.16. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of -4.31 and a beta of 0.76. The company has a quick ratio of 0.54, a current ratio of 1.25 and a debt-to-equity ratio of 0.26. PBF Energy Inc. has a 1 year low of $13.62 and a 1 year high of $49.87.

PBF Energy (NYSE:PBF - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The oil and gas company reported ($3.09) earnings per share (EPS) for the quarter, topping the consensus estimate 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 business's revenue for the quarter was down 18.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.85 EPS. On average, sell-side analysts anticipate that PBF Energy Inc. will post -1.12 earnings per share for the current fiscal year.

PBF Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be paid a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 5.41%. The ex-dividend date is Thursday, May 15th. PBF Energy's dividend payout ratio is currently -12.09%.

Analysts Set New Price Targets

Several research analysts recently weighed in on PBF shares. Mizuho raised their target price on PBF Energy from $22.00 to $23.00 and gave the company an "underperform" rating in a research note on Tuesday, May 13th. TD Cowen decreased their target price on PBF Energy from $19.00 to $17.00 and set a "sell" rating for the company in a research note on Tuesday, March 11th. Morgan Stanley decreased their target price on 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. Scotiabank decreased their target price on PBF Energy from $25.00 to $16.00 and set a "sector perform" rating for the company in a research note on Friday, April 11th. Finally, Wells Fargo & Company decreased their target price on PBF Energy from $22.00 to $18.00 and set an "equal weight" rating for the company in a research note on Friday, May 2nd. Seven research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, PBF Energy presently has a consensus rating of "Hold" and a consensus target price of $22.91.

Insider Buying and Selling

In other news, insider Control Empresarial De Capital purchased 15,000 shares of the business's stock in a transaction dated Wednesday, April 9th. The stock was bought at an average cost of $13.98 per share, with a total value of $209,700.00. Following the purchase, the insider now directly owns 30,757,998 shares of the company's stock, valued at approximately $429,996,812.04. This trade represents a 0.05% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders acquired 331,000 shares of company stock valued at $6,075,180. Corporate insiders own 5.30% of the company's stock.

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.