Hara Capital LLC Grows Position in PBF Energy Inc. (NYSE:PBF)

Hara Capital LLC grew its holdings in PBF Energy Inc. (NYSE:PBF - Free Report) by 7.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 545,595 shares of the oil and gas company's stock after acquiring an additional 39,278 shares during the quarter. PBF Energy accounts for 9.2% of Hara Capital LLC's portfolio, making the stock its largest holding. Hara Capital LLC owned approximately 0.47% of PBF Energy worth $14,486,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. T. Rowe Price Investment Management Inc. raised its stake in PBF Energy by 150.7% during the fourth 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 acquiring an additional 1,272,254 shares in the last quarter. American Century Companies Inc. increased its stake in shares of PBF Energy by 11.2% in the fourth quarter. American Century Companies Inc. now owns 1,865,625 shares of the oil and gas company's stock valued at $49,532,000 after buying an additional 187,351 shares in the last quarter. Two Sigma Investments LP increased its stake in shares of PBF Energy by 12.6% in the fourth quarter. Two Sigma Investments LP now owns 1,645,584 shares of the oil and gas company's stock valued at $43,690,000 after buying an additional 184,194 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of PBF Energy by 5.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,492,817 shares of the oil and gas company's stock valued at $39,634,000 after buying an additional 78,045 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of PBF Energy by 60.4% in the fourth quarter. JPMorgan Chase & Co. now owns 1,492,573 shares of the oil and gas company's stock valued at $39,628,000 after buying an additional 562,287 shares in the last quarter. 96.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on PBF. The Goldman Sachs Group lowered their target price on PBF Energy from $28.00 to $23.00 and set a "neutral" rating for the company in a research note on Thursday, March 27th. Scotiabank lowered their target price 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. JPMorgan Chase & Co. lowered their target price on PBF Energy from $31.00 to $29.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. UBS Group upgraded PBF Energy from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $20.00 to $26.00 in a research report on Tuesday, May 13th. Finally, TD Cowen dropped their price objective on PBF Energy from $19.00 to $17.00 and set a "sell" rating for the company in a report on Tuesday, March 11th. Seven investment 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $22.91.

PBF Energy Trading Down 2.0%

Shares of PBF Energy stock traded down $0.38 during trading on Friday, hitting $19.04. 2,134,846 shares of the company were exchanged, compared to its average volume of 2,537,223. The firm has a market capitalization of $2.20 billion, a P/E ratio of -4.04 and a beta of 0.76. PBF Energy Inc. has a 1-year low of $13.62 and a 1-year high of $48.20. The firm's fifty day moving average price is $18.04 and its 200 day moving average price is $23.73. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.25 and a quick ratio of 0.54.

PBF Energy (NYSE:PBF - Get Free Report) last posted its earnings results on Thursday, May 1st. The oil and gas company reported ($3.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($3.50) by $0.41. The company had revenue of $7.07 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was down 18.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.85 EPS. As a group, sell-side analysts expect that PBF Energy Inc. will post -1.12 earnings per share for the current fiscal year.

PBF Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 5.78%. The ex-dividend date was Thursday, May 15th. PBF Energy's dividend payout ratio (DPR) is presently -12.09%.

Insider Activity

In other news, insider Control Empresarial De Capital bought 20,000 shares of the business's stock in a transaction on Friday, March 28th. The shares were purchased at an average price of $19.09 per share, for a total transaction of $381,800.00. Following the purchase, the insider now owns 30,534,998 shares of the company's stock, valued at approximately $582,913,111.82. The trade was a 0.07% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have acquired 331,000 shares of company stock worth $6,075,180 in the last 90 days. Corporate insiders own 5.30% of the company's stock.

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.