Edgestream Partners L.P. Raises Position in PBF Energy Inc. (NYSE:PBF)

Edgestream Partners L.P. lifted its position in shares of PBF Energy Inc. (NYSE:PBF - Free Report) by 48.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 175,054 shares of the oil and gas company's stock after purchasing an additional 57,484 shares during the period. Edgestream Partners L.P. owned 0.15% of PBF Energy worth $3,342,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. T. Rowe Price Investment Management Inc. boosted its holdings in shares of 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 buying an additional 1,272,254 shares during the period. Norges Bank acquired a new position in shares of PBF Energy in the fourth quarter valued at approximately $20,896,000. Recurrent Investment Advisors LLC increased its stake in shares of PBF Energy by 154.0% during the fourth quarter. Recurrent Investment Advisors LLC now owns 945,239 shares of the oil and gas company's stock worth $25,096,000 after purchasing an additional 573,161 shares during the period. JPMorgan Chase & Co. lifted its holdings 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 purchasing an additional 562,287 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its holdings in 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 worth $15,104,000 after purchasing an additional 276,672 shares during the last quarter. 96.29% of the stock is owned by institutional investors.

Insider Activity at PBF Energy

In other news, insider Control Empresarial De Capital acquired 48,500 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The shares were acquired at an average price of $17.99 per share, for a total transaction of $872,515.00. Following the completion of the purchase, the insider owned 30,823,498 shares in the company, valued at approximately $554,514,729.02. This trade represents a 0.16% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 5.30% of the company's stock.

PBF Energy Trading Down 1.8%

Shares of PBF stock traded down $0.44 during trading hours on Friday, hitting $24.38. 3,142,496 shares of the company were exchanged, compared to its average volume of 2,743,558. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.52 and a current ratio of 1.29. PBF Energy Inc. has a fifty-two week low of $13.62 and a fifty-two week high of $42.64. The company has a 50 day simple moving average of $22.21 and a two-hundred day simple moving average of $22.20. The firm has a market cap of $2.82 billion, a P/E ratio of -2.68 and a beta of 0.84.

PBF Energy (NYSE:PBF - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The oil and gas company reported ($3.09) EPS for the quarter, beating the consensus estimate of ($3.50) by $0.41. PBF Energy had a negative return on equity of 15.67% and a negative net margin of 3.30%. The firm had revenue of $7.07 billion during the quarter, compared to the consensus estimate of $6.27 billion. During the same quarter in the previous year, the company posted $0.85 earnings per share. The company's quarterly revenue was down 18.3% on a year-over-year basis. Equities analysts anticipate that PBF Energy Inc. will post -1.12 EPS for the current year.

PBF Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date was Thursday, May 15th. PBF Energy's payout ratio is -12.09%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Citigroup raised their price target on PBF Energy from $16.00 to $29.00 and gave the stock a "neutral" rating in a research report on Wednesday. UBS Group raised PBF Energy from a "neutral" rating to a "buy" rating and raised their price objective for the company from $20.00 to $26.00 in a research note on Tuesday, May 13th. Mizuho boosted their target price on PBF Energy from $22.00 to $23.00 and gave the stock an "underperform" rating in a research note on Tuesday, May 13th. Scotiabank restated a "sector perform" rating and issued a $25.00 price target (up from $16.00) on shares of PBF Energy in a research note on Friday, July 11th. Finally, Morgan Stanley upped their price objective on shares of PBF Energy from $20.00 to $24.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Seven research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $25.00.

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.