Two Sigma Advisers LP Increases Position in PBF Energy Inc. (NYSE:PBF)

Two Sigma Advisers LP increased its stake in PBF Energy Inc. (NYSE:PBF - Free Report) by 1.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,401,700 shares of the oil and gas company's stock after acquiring an additional 17,100 shares during the period. Two Sigma Advisers LP owned about 1.22% of PBF Energy worth $37,215,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. T. Rowe Price Investment Management Inc. grew its position in PBF Energy by 150.7% in 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. boosted its position in PBF Energy by 11.2% during 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 during the period. Two Sigma Investments LP boosted its position in PBF Energy by 12.6% during 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 during the period. Charles Schwab Investment Management Inc. boosted its position in PBF Energy by 5.5% during 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 during the period. Finally, JPMorgan Chase & Co. boosted its position in PBF Energy by 60.4% during 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 during the period. 96.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on PBF. UBS Group upgraded shares of PBF Energy from a "neutral" rating to a "buy" rating and upped their price target for the company from $20.00 to $26.00 in a research report on Tuesday, May 13th. The Goldman Sachs Group cut their price target on shares of PBF Energy from $28.00 to $23.00 and set a "neutral" rating for the company in a research report on Thursday, March 27th. Morgan Stanley cut their price target on shares of PBF Energy from $28.00 to $20.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. Piper Sandler cut their price target on shares of PBF Energy from $23.00 to $20.00 and set an "underweight" rating for the company in a research report on Friday, May 2nd. Finally, Mizuho increased their target price on shares of PBF Energy from $22.00 to $23.00 and gave the stock an "underperform" rating in a report 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 data from MarketBeat.com, PBF Energy presently has an average rating of "Hold" and a consensus price target of $22.91.

Insider Transactions at PBF Energy

In related news, insider Control Empresarial De Capital purchased 20,000 shares of the business's stock in a transaction on Friday, March 28th. The shares were acquired 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 $582,913,111.82. This trade represents a 0.07% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders acquired 331,000 shares of company stock valued at $6,075,180. Company insiders own 5.30% of the company's stock.

PBF Energy Price Performance

PBF stock opened at $21.80 on Tuesday. PBF Energy Inc. has a 12 month low of $13.62 and a 12 month high of $51.47. The company has a current ratio of 1.25, a quick ratio of 0.54 and a debt-to-equity ratio of 0.26. The company has a 50-day moving average price of $18.18 and a 200 day moving average price of $24.37. The stock has a market cap of $2.52 billion, a PE ratio of -4.63 and a beta of 0.76.

PBF Energy (NYSE:PBF - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The oil and gas company reported ($3.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($3.50) by $0.41. The company had revenue of $7.07 billion during the quarter, compared to analysts' expectations 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 quarterly revenue was down 18.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.85 EPS. Equities research analysts anticipate that PBF Energy Inc. will post -1.12 earnings per share for the current year.

PBF Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th will be given a $0.275 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.10 annualized dividend and a dividend yield of 5.05%. PBF Energy's payout ratio is presently -12.09%.

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.

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