Next Level Private LLC Takes $405,000 Position in PBF Energy Inc. (NYSE:PBF)

Next Level Private LLC bought a new stake in PBF Energy Inc. (NYSE:PBF - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 21,238 shares of the oil and gas company's stock, valued at approximately $405,000.

Other hedge funds also recently modified their holdings of the company. Xponance Inc. raised its position in shares of PBF Energy by 2.6% in the 4th quarter. Xponance Inc. now owns 14,123 shares of the oil and gas company's stock valued at $375,000 after acquiring an additional 364 shares during the period. Yousif Capital Management LLC raised its position in shares of PBF Energy by 1.1% in the 4th quarter. Yousif Capital Management LLC now owns 40,836 shares of the oil and gas company's stock valued at $1,084,000 after acquiring an additional 459 shares during the period. CANADA LIFE ASSURANCE Co raised its position in shares of 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 valued at $1,931,000 after acquiring an additional 480 shares during the period. Spire Wealth Management raised its position in shares of PBF Energy by 28.2% in the 4th quarter. Spire Wealth Management now owns 2,660 shares of the oil and gas company's stock valued at $71,000 after acquiring an additional 585 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in PBF Energy by 33.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,463 shares of the oil and gas company's stock worth $65,000 after buying an additional 614 shares during the period. Institutional investors own 96.29% of the company's stock.

Insider Activity at PBF Energy

In other news, insider Control Empresarial De Capital bought 20,000 shares of the firm's stock in a transaction that occurred on Friday, March 28th. The stock was acquired at an average cost of $19.09 per share, with a total value of $381,800.00. Following the completion of the purchase, the insider now owns 30,534,998 shares of the company's stock, valued at $582,913,111.82. This represents a 0.07% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Over the last three months, insiders bought 176,000 shares of company stock valued at $2,944,180. 5.30% of the stock is owned by corporate insiders.

PBF Energy Price Performance

NYSE PBF opened at $18.08 on Friday. 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 12-month low of $13.62 and a 12-month high of $48.20. The company has a market capitalization of $2.09 billion, a PE ratio of -3.84 and a beta of 0.76. The firm's 50 day moving average is $17.98 and its 200-day moving average is $23.49.

PBF Energy (NYSE:PBF - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The oil and gas company reported ($3.09) earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company 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 earned $0.85 earnings per share. The firm's revenue was down 18.3% compared to the same quarter last year. Equities research analysts anticipate that PBF Energy Inc. will post -1.12 earnings per share for the current fiscal year.

PBF Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were paid a $0.275 dividend. The ex-dividend date was Thursday, May 15th. This represents a $1.10 annualized dividend and a dividend yield of 6.08%. PBF Energy's dividend payout ratio is presently -12.09%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Piper Sandler dropped their target price on shares of PBF Energy from $23.00 to $20.00 and set an "underweight" rating on the stock in a report on Friday, May 2nd. TD Cowen dropped their target price on shares of PBF Energy from $19.00 to $17.00 and set a "sell" rating on the stock in a report on Tuesday, March 11th. Scotiabank dropped their target price on shares of PBF Energy from $25.00 to $16.00 and set a "sector perform" rating on the stock in a report on Friday, April 11th. Mizuho raised their target price on shares of PBF Energy from $22.00 to $23.00 and gave the stock an "underperform" rating in a report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. dropped their target price on shares of PBF Energy from $31.00 to $29.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th. Seven equities 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. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $22.91.

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.

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