12,959 Shares in PBF Energy Inc. (NYSE:PBF) Purchased by Nomura Holdings Inc.

Nomura Holdings Inc. purchased a new position in PBF Energy Inc. (NYSE:PBF - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 12,959 shares of the oil and gas company's stock, valued at approximately $344,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PBF. T. Rowe Price Investment Management Inc. lifted its holdings in PBF Energy by 150.7% in the fourth 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 buying an additional 1,272,254 shares during the period. Norges Bank bought a new position in shares of PBF Energy in the 4th quarter worth about $20,896,000. JPMorgan Chase & Co. lifted its stake in shares of PBF Energy by 60.4% in 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 purchasing an additional 562,287 shares during the period. Van ECK Associates Corp lifted its stake in shares of PBF Energy by 2,119.6% in the 4th quarter. Van ECK Associates Corp now owns 411,307 shares of the oil and gas company's stock valued at $10,920,000 after purchasing an additional 392,776 shares during the period. Finally, Nuveen Asset Management LLC boosted its position in shares of PBF Energy by 94.7% during the 4th quarter. Nuveen Asset Management LLC now owns 568,901 shares of the oil and gas company's stock valued at $15,104,000 after purchasing an additional 276,672 shares in the last quarter. Institutional investors and hedge funds own 96.29% of the company's stock.

PBF Energy Stock Down 4.5%

Shares of PBF traded down $0.91 on Wednesday, reaching $19.44. The company's stock had a trading volume of 833,078 shares, compared to its average volume of 2,957,315. PBF Energy Inc. has a twelve month low of $13.61 and a twelve month high of $49.14. The stock has a market capitalization of $2.25 billion, a PE ratio of -4.12 and a beta of 0.76. The company has a current ratio of 1.25, a quick ratio of 0.54 and a debt-to-equity ratio of 0.26. The firm has a fifty day moving average of $18.08 and a 200-day moving average of $24.02.

PBF Energy (NYSE:PBF - Get Free Report) last issued its quarterly earnings data 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. 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 company's quarterly revenue was down 18.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.85 earnings per share. Equities analysts predict that PBF Energy Inc. will post -1.12 EPS for the current year.

PBF Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 5.66%. The ex-dividend date is Thursday, May 15th. PBF Energy's dividend payout ratio (DPR) is presently -12.09%.

Insiders Place Their Bets

In other PBF Energy news, insider Control Empresarial De Capital bought 20,000 shares of PBF Energy stock in a transaction dated Friday, March 28th. The stock was bought at an average cost of $19.09 per share, with a total value of $381,800.00. Following the completion of the acquisition, the insider now directly owns 30,534,998 shares in the company, valued at approximately $582,913,111.82. The trade was a 0.07% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have bought 331,000 shares of company stock valued at $6,075,180 in the last three months. 6.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

PBF has been the topic of several recent analyst reports. Scotiabank dropped their price target on PBF Energy from $25.00 to $16.00 and set a "sector perform" rating on the stock in a research note on Friday, April 11th. The Goldman Sachs Group dropped their target price on shares of PBF Energy from $28.00 to $23.00 and set a "neutral" rating on the stock in a research report on Thursday, March 27th. Morgan Stanley cut their target price on shares of PBF Energy from $28.00 to $20.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. UBS Group raised shares of PBF Energy from a "neutral" rating to a "buy" rating and lifted their price target for the company from $20.00 to $26.00 in a research note on Tuesday, May 13th. Finally, TD Cowen dropped their price objective 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. Seven analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, PBF Energy presently has a consensus rating of "Hold" and an average target price 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.