Deutsche Bank AG Sells 177,489 Shares of PBF Energy Inc. (NYSE:PBF)

Deutsche Bank AG lowered its position in PBF Energy Inc. (NYSE:PBF - Free Report) by 64.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 98,412 shares of the oil and gas company's stock after selling 177,489 shares during the period. Deutsche Bank AG owned about 0.09% of PBF Energy worth $2,613,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Golden State Wealth Management LLC purchased a new position in PBF Energy in the fourth quarter worth about $61,000. EverSource Wealth Advisors LLC increased its position in shares of 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 valued at $65,000 after purchasing an additional 614 shares during the last quarter. Spire Wealth Management lifted its stake 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 worth $71,000 after purchasing an additional 585 shares during the period. Avior Wealth Management LLC boosted its holdings in shares of PBF Energy by 58.0% in the fourth quarter. Avior Wealth Management LLC now owns 2,995 shares of the oil and gas company's stock worth $80,000 after buying an additional 1,100 shares during the last quarter. Finally, Sterling Capital Management LLC boosted its holdings in shares of PBF Energy by 783.2% in the fourth quarter. Sterling Capital Management LLC now owns 3,162 shares of the oil and gas company's stock worth $84,000 after buying an additional 2,804 shares during the last quarter. Hedge funds and other institutional investors own 96.29% of the company's stock.

Insider Transactions at PBF Energy

In other PBF Energy news, insider Control Empresarial De Capital bought 155,000 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was purchased at an average cost of $20.20 per share, with a total value of $3,131,000.00. Following the completion of the acquisition, the insider now owns 30,249,998 shares in the company, valued at $611,049,959.60. This trade represents a 0.52% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders have bought 331,000 shares of company stock valued at $6,075,180. 6.70% of the stock is currently owned by insiders.

PBF Energy Price Performance

Shares of PBF Energy stock traded up $0.11 on Tuesday, hitting $20.40. 3,025,409 shares of the company traded hands, compared to its average volume of 2,524,122. PBF Energy Inc. has a 52 week low of $13.62 and a 52 week high of $49.87. The business has a 50-day simple moving average of $18.08 and a 200 day simple moving average of $24.02. 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 stock has a market capitalization of $2.36 billion, a P/E ratio of -4.33 and a beta of 0.76.

PBF Energy (NYSE:PBF - Get Free Report) last announced its quarterly earnings results 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. The company had revenue of $7.07 billion for the quarter, compared to the consensus estimate of $6.27 billion. PBF Energy had a negative net margin of 1.61% and a negative return on equity of 7.40%. PBF Energy'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 firm posted $0.85 EPS. Research analysts expect 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 will be paid on Thursday, May 29th. Stockholders 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 annualized dividend and a dividend yield of 5.39%. PBF Energy's dividend payout ratio (DPR) is -12.09%.

Wall Street Analysts Forecast Growth

PBF has been the topic of several recent research reports. Scotiabank decreased their price target on shares of PBF Energy from $25.00 to $16.00 and set a "sector perform" rating on the stock in a research report on Friday, April 11th. The Goldman Sachs Group reduced their price objective 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. Morgan Stanley lowered their target price on PBF Energy from $28.00 to $20.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. UBS Group raised PBF Energy from a "neutral" rating to a "buy" rating and boosted their price target for the company from $20.00 to $26.00 in a report on Tuesday, May 13th. Finally, TD Cowen decreased their price objective on PBF Energy from $19.00 to $17.00 and set a "sell" rating on the stock in a research note on Tuesday, March 11th. Seven analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $22.91.

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.