UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stock Holdings in PBF Energy Inc. (NYSE:PBF)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in PBF Energy Inc. (NYSE:PBF - Free Report) by 7.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 249,415 shares of the oil and gas company's stock after acquiring an additional 17,404 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.22% of PBF Energy worth $6,622,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. T. Rowe Price Investment Management Inc. boosted its stake 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 valued at $56,191,000 after acquiring an additional 1,272,254 shares during the last quarter. American Century Companies Inc. boosted its stake in 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 acquiring an additional 187,351 shares during the last quarter. Two Sigma Investments LP boosted its stake in 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 acquiring an additional 184,194 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in 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 acquiring an additional 78,045 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in 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 acquiring an additional 562,287 shares during the last quarter. 96.29% of the stock is currently owned by hedge funds and other institutional investors.

PBF Energy Price Performance

PBF traded up $0.14 during trading on Thursday, reaching $18.08. The stock had a trading volume of 3,567,321 shares, compared to its average volume of 2,551,288. The stock has a market cap of $2.09 billion, a PE ratio of -3.84 and a beta of 0.76. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.54 and a current ratio of 1.25. PBF Energy Inc. has a one year low of $13.62 and a one year high of $48.20. The business has a 50-day moving average of $18.00 and a 200-day moving average of $23.58.

PBF Energy (NYSE:PBF - Get Free Report) last released its earnings results on Thursday, May 1st. The oil and gas company reported ($3.09) EPS for the quarter, beating analysts' consensus estimates of ($3.50) by $0.41. The business had revenue of $7.07 billion for the quarter, compared to analysts' expectations of $6.27 billion. PBF Energy had a negative return on equity of 7.40% and a negative net margin of 1.61%. The firm's revenue was down 18.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.85 earnings per share. As a group, equities research analysts anticipate that PBF Energy Inc. will post -1.12 EPS for the current fiscal year.

PBF Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were paid a $0.275 dividend. The ex-dividend date was Thursday, May 15th. This represents a $1.10 dividend on an annualized basis and a yield of 6.08%. PBF Energy's dividend payout ratio is presently -12.09%.

Insider Activity at PBF Energy

In other PBF Energy news, insider Control Empresarial De Capital purchased 20,000 shares of the business's stock in a transaction on Friday, March 28th. The stock was acquired at an average cost of $19.09 per share, for a total transaction of $381,800.00. Following the completion of the transaction, the insider now directly owns 30,534,998 shares in the company, valued at approximately $582,913,111.82. This represents a 0.07% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have bought a total of 176,000 shares of company stock valued at $2,944,180 over the last 90 days. 5.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PBF. TD Cowen lowered their price target on shares of PBF Energy from $19.00 to $17.00 and set a "sell" rating on the stock in a research report on Tuesday, March 11th. Mizuho boosted their price target on shares of PBF Energy from $22.00 to $23.00 and gave the company an "underperform" rating in a research report on Tuesday, May 13th. JPMorgan Chase & Co. lowered their price target on shares of PBF Energy from $31.00 to $29.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. Piper Sandler lowered their price target on shares of PBF Energy from $23.00 to $20.00 and set an "underweight" rating on the stock in a research report on Friday, May 2nd. Finally, UBS Group raised shares of 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 research report on Tuesday, May 13th. Seven analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $22.91.

PBF Energy Company 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.