Jump Financial LLC Has $8.70 Million Stock Holdings in PBF Energy Inc. $PBF

Key Points

• Jump Financial LLC increased its stake in PBF Energy Inc. by 63.6%, owning approximately 0.40% of the company, worth $8.7 million after acquiring an additional 177,248 shares.
• PBF Energy has seen a variety of ratings changes from analysts, with Piper Sandler issuing an "underweight" rating and a price target of $22, while others raised targets up to $29.
• The company reported a negative EPS of ($1.03), which surpassed expectations, and had revenue of $7.48 billion, despite a year-over-year decline.

Jump Financial LLC increased its stake in shares of PBF Energy Inc. (NYSE:PBF - Free Report) by 63.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 455,777 shares of the oil and gas company's stock after acquiring an additional 177,248 shares during the period. Jump Financial LLC owned about 0.40% of PBF Energy worth $8,701,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of PBF. T. Rowe Price Investment Management Inc. increased its position in PBF Energy by 170.7% during the first quarter. T. Rowe Price Investment Management Inc. now owns 5,728,843 shares of the oil and gas company's stock worth $109,364,000 after buying an additional 3,612,447 shares during the last quarter. Bank of New York Mellon Corp increased its position in PBF Energy by 14.0% during the first quarter. Bank of New York Mellon Corp now owns 2,121,727 shares of the oil and gas company's stock worth $40,504,000 after buying an additional 260,464 shares during the last quarter. American Century Companies Inc. lifted its holdings in PBF Energy by 1.7% during the 1st quarter. American Century Companies Inc. now owns 1,897,910 shares of the oil and gas company's stock worth $36,231,000 after purchasing an additional 32,285 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in PBF Energy by 12.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,675,273 shares of the oil and gas company's stock worth $31,981,000 after purchasing an additional 182,456 shares during the last quarter. Finally, Two Sigma Investments LP lifted its holdings 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 purchasing an additional 184,194 shares during the last quarter. Institutional investors own 96.29% of the company's stock.

PBF Energy Trading Up 1.2%

PBF Energy stock traded up $0.32 during trading hours on Thursday, reaching $26.68. 3,916,352 shares of the company's stock were exchanged, compared to its average volume of 3,198,054. The firm has a market capitalization of $3.09 billion, a PE ratio of -3.11 and a beta of 0.92. The company has a quick ratio of 0.55, a current ratio of 1.31 and a debt-to-equity ratio of 0.46. The firm's 50 day simple moving average is $23.86 and its 200 day simple moving average is $21.18. PBF Energy Inc. has a twelve month low of $13.61 and a twelve month high of $34.49.

PBF Energy (NYSE:PBF - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The oil and gas company reported ($1.03) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.19) by $0.16. The company had revenue of $7.48 billion for 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%.The firm's revenue was down 14.4% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.54) EPS. Research analysts predict that PBF Energy Inc. will post -1.12 earnings per share for the current year.

PBF Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Thursday, August 14th. PBF Energy's payout ratio is currently -12.81%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on PBF shares. Piper Sandler reissued an "underweight" rating and set a $22.00 price target (up from $21.00) on shares of PBF Energy in a report on Monday, August 4th. Wells Fargo & Company upped their target price on PBF Energy from $21.00 to $24.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 15th. Citigroup upped their target price on PBF Energy from $16.00 to $29.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 16th. Morgan Stanley upped their target price on PBF Energy from $20.00 to $24.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. Finally, UBS Group upgraded PBF Energy from a "neutral" rating to a "buy" rating and increased their price target for the company from $20.00 to $26.00 in a research note on Tuesday, May 13th. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus target price of $25.17.

Insider Activity

In other 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 cost of $17.99 per share, for a total transaction of $872,515.00. Following the purchase, the insider directly owned 30,823,498 shares in the company, valued at approximately $554,514,729.02. This represents a 0.16% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.30% of the stock is owned by corporate insiders.

PBF Energy 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.