Universal Beteiligungs und Servicegesellschaft mbH Makes New $3.13 Million Investment in PBF Energy Inc. (NYSE:PBF)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in PBF Energy Inc. (NYSE:PBF - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 117,976 shares of the oil and gas company's stock, valued at approximately $3,132,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.10% of PBF Energy as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Golden State Wealth Management LLC acquired a new stake in shares of PBF Energy in the fourth quarter worth $61,000. EverSource Wealth Advisors LLC lifted its holdings in shares of PBF Energy by 33.2% in 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 buying an additional 614 shares during the period. Spire Wealth Management boosted its stake in shares of PBF Energy by 28.2% in the fourth quarter. Spire Wealth Management now owns 2,660 shares of the oil and gas company's stock worth $71,000 after buying an additional 585 shares during the last quarter. Sterling Capital Management LLC boosted its stake 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. Finally, Covestor Ltd grew its holdings in PBF Energy by 36.3% during the fourth quarter. Covestor Ltd now owns 3,788 shares of the oil and gas company's stock worth $101,000 after acquiring an additional 1,008 shares during the period. 96.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on PBF shares. UBS Group raised PBF Energy from a "neutral" rating to a "buy" rating and upped their price target for the stock from $20.00 to $26.00 in a report on Tuesday, May 13th. Mizuho upped their target price on PBF Energy from $22.00 to $23.00 and gave the stock an "underperform" rating in a research note on Tuesday, May 13th. Piper Sandler reduced their price objective 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. The Goldman Sachs Group dropped their target price on shares of PBF Energy from $28.00 to $23.00 and set a "neutral" rating on the stock in a research report on Thursday, March 27th. Finally, Scotiabank lowered their price objective on PBF Energy from $25.00 to $16.00 and set a "sector perform" rating on the stock in a report on Friday, April 11th. Seven equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $22.91.

Insiders Place Their Bets

In other news, insider Control Empresarial De Capital purchased 110,000 shares of PBF Energy stock in a transaction dated Thursday, April 3rd. The stock was bought at an average price of $17.40 per share, with a total value of $1,914,000.00. Following the completion of the acquisition, the insider now owns 30,696,998 shares in the company, valued at $534,127,765.20. The trade was a 0.36% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders purchased a total of 176,000 shares of company stock valued at $2,944,180 in the last ninety days. Corporate insiders own 5.30% of the company's stock.

PBF Energy Trading Up 0.9%

PBF Energy stock traded up $0.16 during midday trading on Thursday, reaching $18.10. The stock had a trading volume of 2,564,745 shares, compared to its average volume of 2,547,906. The stock's 50-day simple moving average is $18.00 and its 200 day simple moving average is $23.58. PBF Energy Inc. has a twelve month low of $13.62 and a twelve month high of $48.20. 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 $2.09 billion, a PE ratio of -3.83 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 for the quarter, topping analysts' consensus estimates of ($3.50) by $0.41. The firm 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 revenue was down 18.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.85 EPS. Analysts expect that PBF Energy Inc. will post -1.12 EPS for the current year.

PBF Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 6.08%. The ex-dividend date was Thursday, May 15th. PBF Energy's dividend payout ratio is currently -12.09%.

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.