Two Sigma Advisers LP Has $37.22 Million Stock Position in PBF Energy Inc. (NYSE:PBF)

Two Sigma Advisers LP increased its stake in shares of PBF Energy Inc. (NYSE:PBF - Free Report) by 1.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,401,700 shares of the oil and gas company's stock after buying an additional 17,100 shares during the quarter. Two Sigma Advisers LP owned about 1.22% of PBF Energy worth $37,215,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in PBF. Van ECK Associates Corp grew its stake in shares of PBF Energy by 2,119.6% in the fourth quarter. Van ECK Associates Corp now owns 411,307 shares of the oil and gas company's stock worth $10,920,000 after purchasing an additional 392,776 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in shares of PBF Energy by 5.5% in the fourth quarter. Canada Pension Plan Investment Board now owns 336,300 shares of the oil and gas company's stock worth $8,929,000 after purchasing an additional 17,400 shares in the last quarter. Norges Bank bought a new position in shares of PBF Energy in the fourth quarter worth $20,896,000. Heartland Advisors Inc. bought a new position in shares of PBF Energy in the fourth quarter worth $1,420,000. Finally, Raymond James Financial Inc. bought a new position in shares of PBF Energy in the fourth quarter worth $1,654,000. 96.29% of the stock is currently owned by institutional investors.

PBF Energy Trading Down 1.7%

Shares of NYSE PBF traded down $0.35 during mid-day trading on Friday, hitting $20.32. 2,643,370 shares of the company traded hands, compared to its average volume of 2,522,098. PBF Energy Inc. has a 1 year low of $13.62 and a 1 year high of $49.87. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of -4.31 and a beta of 0.76. 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 business has a 50 day moving average of $18.14 and a two-hundred day moving average of $24.16.

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 (EPS) for the quarter, topping the consensus estimate of ($3.50) by $0.41. The firm had revenue of $7.07 billion during the quarter, compared to the consensus estimate of $6.27 billion. PBF Energy had a negative return on equity of 7.40% and a negative net margin of 1.61%. The business's revenue for the quarter was down 18.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.85 EPS. On average, sell-side analysts anticipate that PBF Energy Inc. will post -1.12 earnings per share for the current fiscal year.

PBF Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 5.41%. The ex-dividend date is Thursday, May 15th. PBF Energy's dividend payout ratio (DPR) is presently -12.09%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on PBF shares. Wells Fargo & Company decreased their price target on PBF Energy from $22.00 to $18.00 and set an "equal weight" rating for the company in a research note on Friday, May 2nd. JPMorgan Chase & Co. decreased their price target 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. Morgan Stanley decreased their target price on PBF Energy from $28.00 to $20.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Piper Sandler decreased their target price on PBF Energy from $23.00 to $20.00 and set an "underweight" rating for the company in a research note on Friday, May 2nd. Finally, Mizuho raised their target price on PBF Energy from $22.00 to $23.00 and gave the company an "underperform" rating in a research note on Tuesday, May 13th. Seven research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $22.91.

Insider Transactions at PBF Energy

In related news, insider Control Empresarial De Capital acquired 20,000 shares of the stock in a transaction dated Friday, March 28th. The shares were acquired at an average price of $19.09 per share, with a total value of $381,800.00. Following the acquisition, the insider now owns 30,534,998 shares in the company, valued at approximately $582,913,111.82. The trade was a 0.07% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders bought 331,000 shares of company stock valued at $6,075,180 in the last three months. 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.