Towle & Co. Has $14.22 Million Stake in PBF Energy Inc. (NYSE:PBF)

Towle & Co. lifted its position in shares of PBF Energy Inc. (NYSE:PBF - Free Report) by 34.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 535,451 shares of the oil and gas company's stock after acquiring an additional 136,394 shares during the period. PBF Energy comprises approximately 2.4% of Towle & Co.'s holdings, making the stock its 17th largest holding. Towle & Co. owned about 0.47% of PBF Energy worth $14,216,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in PBF. Golden State Wealth Management LLC acquired a new position in PBF Energy during the fourth quarter worth about $61,000. EverSource Wealth Advisors LLC grew its stake in 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 acquiring an additional 614 shares in the last quarter. Spire Wealth Management grew its stake in PBF Energy by 28.2% during the 4th quarter. Spire Wealth Management now owns 2,660 shares of the oil and gas company's stock valued at $71,000 after acquiring an additional 585 shares in the last quarter. Avior Wealth Management LLC grew its stake in PBF Energy by 58.0% during 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 acquiring an additional 1,100 shares in the last quarter. Finally, Sterling Capital Management LLC grew 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 acquiring an additional 2,804 shares in the last quarter. 96.29% of the stock is owned by institutional investors and hedge funds.

PBF Energy Trading Up 2.8%

Shares of PBF stock traded up $0.55 during mid-day trading on Thursday, reaching $20.68. The company's stock had a trading volume of 3,218,036 shares, compared to its average volume of 2,510,324. The company's 50 day simple moving average is $18.20 and its 200-day simple moving average is $24.32. PBF Energy Inc. has a 12-month low of $13.62 and a 12-month high of $49.87. The company has a quick ratio of 0.54, a current ratio of 1.25 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $2.39 billion, a PE ratio of -4.39 and a beta of 0.76.

PBF Energy (NYSE:PBF - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The oil and gas company reported ($3.09) earnings per share 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 net margin of 1.61% and a negative return on equity of 7.40%. The firm's revenue for the quarter was down 18.3% compared to the same quarter last year. During the same period last year, the business earned $0.85 EPS. On average, research analysts predict that PBF Energy Inc. will post -1.12 EPS for the current fiscal year.

PBF Energy Announces Dividend

The company also recently announced 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 5.32%. The ex-dividend date is Thursday, May 15th. PBF Energy's dividend payout ratio (DPR) is currently -12.09%.

Insider Activity

In other PBF Energy news, insider Control Empresarial De Capital acquired 15,000 shares of the company's stock in a transaction dated Tuesday, April 15th. The stock was bought at an average price of $14.44 per share, for a total transaction of $216,600.00. Following the purchase, the insider now owns 30,774,998 shares in the company, valued at $444,390,971.12. This represents a 0.05% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders acquired 331,000 shares of company stock worth $6,075,180 over the last quarter. Corporate insiders own 5.30% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Scotiabank reduced their price target on PBF Energy from $25.00 to $16.00 and set a "sector perform" rating for the company in a report on Friday, April 11th. Mizuho lifted their price target on PBF Energy from $22.00 to $23.00 and gave the company an "underperform" rating in a report on Tuesday, May 13th. UBS Group upgraded 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 report on Tuesday, May 13th. TD Cowen reduced their price target on PBF Energy from $19.00 to $17.00 and set a "sell" rating for the company in a report on Tuesday, March 11th. Finally, The Goldman Sachs Group reduced their price target on PBF Energy from $28.00 to $23.00 and set a "neutral" rating for the company in a report on Thursday, March 27th. Seven equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price 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.