iSAM Funds UK Ltd bought a new position in shares of PBF Energy Inc. (NYSE:PBF - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 19,116 shares of the oil and gas company's stock, valued at approximately $508,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. lifted 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 worth $56,191,000 after acquiring an additional 1,272,254 shares during the last quarter. American Century Companies Inc. lifted its position in PBF Energy by 11.2% during the 4th quarter. American Century Companies Inc. now owns 1,865,625 shares of the oil and gas company's stock worth $49,532,000 after acquiring an additional 187,351 shares during the last quarter. Two Sigma Investments LP lifted its position in PBF Energy by 12.6% during the 4th quarter. Two Sigma Investments LP now owns 1,645,584 shares of the oil and gas company's stock worth $43,690,000 after acquiring an additional 184,194 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in PBF Energy by 5.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,492,817 shares of the oil and gas company's stock worth $39,634,000 after acquiring an additional 78,045 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in 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 worth $39,628,000 after acquiring an additional 562,287 shares during the last quarter. Institutional investors and hedge funds own 96.29% of the company's stock.
PBF Energy Stock Performance
NYSE:PBF opened at $21.80 on Tuesday. PBF Energy Inc. has a 12-month low of $13.62 and a 12-month high of $51.47. The company has a quick ratio of 0.54, a current ratio of 1.25 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $2.52 billion, a PE ratio of -4.63 and a beta of 0.76. The firm has a 50-day moving average price of $18.18 and a 200 day moving average price of $24.37.
PBF Energy (NYSE:PBF - Get Free Report) last posted its quarterly earnings results 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. PBF Energy had a negative net margin of 1.61% and a negative return on equity of 7.40%. The firm had revenue of $7.07 billion during the quarter, compared to analyst estimates of $6.27 billion. During the same quarter in the prior year, the business posted $0.85 earnings per share. The company's quarterly revenue was down 18.3% compared to the same quarter last year. Research analysts anticipate that PBF Energy Inc. will post -1.12 earnings per share for the current fiscal year.
PBF Energy Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 5.05%. The ex-dividend date of this dividend is Thursday, May 15th. PBF Energy's dividend payout ratio (DPR) is presently -12.09%.
Analyst Ratings Changes
A number of research analysts have weighed in on PBF shares. Piper Sandler cut their target price on shares of PBF Energy from $23.00 to $20.00 and set an "underweight" rating for the company in a research report on Friday, May 2nd. The Goldman Sachs Group cut their price objective on shares of PBF Energy from $28.00 to $23.00 and set a "neutral" rating for the company in a research report on Thursday, March 27th. Morgan Stanley cut their price objective on shares of PBF Energy from $28.00 to $20.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. UBS Group raised shares of PBF Energy from a "neutral" rating to a "buy" rating and upped their price objective for the company from $20.00 to $26.00 in a research report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. cut their price objective on shares of PBF Energy from $31.00 to $29.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. Seven research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $22.91.
Get Our Latest Stock Analysis on PBF Energy
Insider Buying and Selling
In other news, insider Control Empresarial De Capital acquired 15,000 shares of the firm's stock in a transaction on Tuesday, April 15th. The shares were purchased at an average cost of $14.44 per share, with a total value of $216,600.00. Following the completion of the purchase, the insider now owns 30,774,998 shares of the company's stock, valued at $444,390,971.12. This represents a 0.05% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders acquired 331,000 shares of company stock valued at $6,075,180 over the last quarter. Corporate insiders own 5.30% of the company's stock.
About PBF Energy
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Free Report)
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.
See Also
Want to see what other hedge funds are holding PBF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PBF Energy Inc. (NYSE:PBF - Free Report).
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