PBF Energy Inc. (NYSE:PBF) Shares Bought by Two Sigma Investments LP

Two Sigma Investments LP increased its holdings in PBF Energy Inc. (NYSE:PBF - Free Report) by 12.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,645,584 shares of the oil and gas company's stock after buying an additional 184,194 shares during the period. Two Sigma Investments LP owned about 1.43% of PBF Energy worth $43,690,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Golden State Wealth Management LLC bought a new stake in PBF Energy in the fourth quarter valued at $61,000. EverSource Wealth Advisors LLC increased its holdings in shares of PBF Energy by 33.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,463 shares of the oil and gas company's stock worth $65,000 after acquiring an additional 614 shares during the period. Spire Wealth Management lifted its position in 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 purchasing an additional 585 shares during the last quarter. Avior Wealth Management LLC lifted its position in PBF Energy by 58.0% in the 4th quarter. Avior Wealth Management LLC now owns 2,995 shares of the oil and gas company's stock valued at $80,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Sterling Capital Management LLC boosted its stake in PBF Energy by 783.2% during the 4th quarter. Sterling Capital Management LLC now owns 3,162 shares of the oil and gas company's stock valued at $84,000 after purchasing an additional 2,804 shares during the period. Institutional investors own 96.29% of the company's stock.

PBF Energy Stock Down 2.6%

PBF opened at $21.26 on Wednesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.54 and a current ratio of 1.25. The company has a market capitalization of $2.46 billion, a PE ratio of -4.51 and a beta of 0.76. The stock's fifty day moving average is $18.21 and its 200-day moving average is $24.35. PBF Energy Inc. has a one year low of $13.62 and a one year high of $50.76.

PBF Energy (NYSE:PBF - Get Free Report) last released its earnings results on Thursday, May 1st. The oil and gas company reported ($3.09) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($3.50) by $0.41. PBF Energy had a negative return on equity of 7.40% and a negative net margin of 1.61%. The firm had revenue of $7.07 billion for the quarter, compared to analyst estimates of $6.27 billion. During the same period in the previous year, the company earned $0.85 earnings per share. PBF Energy's revenue was down 18.3% compared to the same quarter last year. On average, equities analysts predict that PBF Energy Inc. will post -1.12 EPS for the current fiscal year.

PBF Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be issued a $0.275 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 5.17%. PBF Energy's payout ratio is currently -12.09%.

Insider Buying and Selling

In related news, insider Control Empresarial De Capital bought 15,000 shares of the business's stock in a transaction dated Tuesday, April 15th. The shares were bought at an average cost of $14.44 per share, with a total value of $216,600.00. Following the completion of the transaction, the insider now directly owns 30,774,998 shares of the company's stock, valued at approximately $444,390,971.12. This trade represents a 0.05% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have acquired 331,000 shares of company stock worth $6,075,180 in the last ninety days. 5.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on PBF shares. Morgan Stanley dropped their price target 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. JPMorgan Chase & Co. decreased their price objective on PBF Energy from $31.00 to $29.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Wells Fargo & Company lowered their target price on PBF Energy from $22.00 to $18.00 and set an "equal weight" rating on the stock in a research report on Friday, May 2nd. UBS Group upgraded PBF Energy from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $20.00 to $26.00 in a research report on Tuesday, May 13th. Finally, Scotiabank decreased their price target on PBF Energy from $25.00 to $16.00 and set a "sector perform" rating for the company in a research note on Friday, April 11th. Seven analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus 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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