VR Advisory Services Ltd Has $3.26 Million Stock Holdings in PBF Energy Inc. $PBF

Key Points

• VR Advisory Services Ltd significantly increased its stake in PBF Energy Inc. by 241.9%, now holding approximately 170,945 shares valued at $3.26 million.
• PBF Energy's quarterly earnings report revealed a loss of ($1.03) per share, surpassing analyst expectations, but showing a 14.4% revenue decline year-over-year.
• Insiders have recently engaged in trading, with one insider acquiring 48,500 shares at an average price of $17.99, indicating ongoing confidence in the company's prospects.

VR Advisory Services Ltd raised its holdings in shares of PBF Energy Inc. (NYSE:PBF - Free Report) by 241.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 170,945 shares of the oil and gas company's stock after acquiring an additional 120,945 shares during the period. PBF Energy makes up 0.9% of VR Advisory Services Ltd's holdings, making the stock its 15th largest position. VR Advisory Services Ltd owned 0.15% of PBF Energy worth $3,263,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in PBF. T. Rowe Price Investment Management Inc. grew its stake in shares of PBF Energy by 170.7% during the first quarter. T. Rowe Price Investment Management Inc. now owns 5,728,843 shares of the oil and gas company's stock worth $109,364,000 after purchasing an additional 3,612,447 shares during the period. Bank of New York Mellon Corp boosted its holdings in PBF Energy by 14.0% during the first quarter. Bank of New York Mellon Corp now owns 2,121,727 shares of the oil and gas company's stock worth $40,504,000 after buying an additional 260,464 shares during the last quarter. American Century Companies Inc. grew its position in shares of PBF Energy by 1.7% during the 1st quarter. American Century Companies Inc. now owns 1,897,910 shares of the oil and gas company's stock worth $36,231,000 after buying an additional 32,285 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of PBF Energy by 12.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,675,273 shares of the oil and gas company's stock valued at $31,981,000 after acquiring an additional 182,456 shares during the last quarter. Finally, Two Sigma Investments LP increased its stake in shares of PBF Energy by 12.6% in the 4th 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. 96.29% of the stock is currently owned by institutional investors.

PBF Energy Stock Performance

Shares of PBF Energy stock opened at $27.36 on Monday. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of -3.18 and a beta of 0.97. The stock's 50-day moving average is $24.00 and its 200-day moving average is $21.11. PBF Energy Inc. has a one year low of $13.61 and a one year high of $34.49. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.31 and a quick ratio of 0.55.

PBF Energy (NYSE:PBF - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The oil and gas company reported ($1.03) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($1.19) by $0.16. PBF Energy had a negative return on equity of 17.46% and a negative net margin of 3.24%.The business had revenue of $7.48 billion during the quarter, compared to the consensus estimate of $6.65 billion. During the same period last year, the company earned ($0.54) earnings per share. PBF Energy's quarterly revenue was down 14.4% on a year-over-year basis. Equities analysts predict that PBF Energy Inc. will post -1.12 earnings per share for the current fiscal year.

PBF Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were issued a $0.275 dividend. The ex-dividend date was Thursday, August 14th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 4.0%. PBF Energy's dividend payout ratio (DPR) is -12.81%.

Insider Activity at PBF Energy

In other PBF Energy news, insider Control Empresarial De Capital bought 48,500 shares of PBF Energy stock in a transaction that occurred on Thursday, June 5th. The stock was acquired at an average price of $17.99 per share, for a total transaction of $872,515.00. Following the completion of the acquisition, the insider owned 30,823,498 shares of the company's stock, valued at $554,514,729.02. This trade represents a 0.16% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 6.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PBF. Piper Sandler restated an "underweight" rating and set a $22.00 price objective (up previously from $21.00) on shares of PBF Energy in a report on Monday, August 4th. Morgan Stanley lifted their price target on shares of PBF Energy from $20.00 to $24.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. Wells Fargo & Company boosted their price target on shares of PBF Energy from $21.00 to $24.00 and gave the company an "equal weight" rating in a report on Tuesday, July 15th. UBS Group raised PBF Energy from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $20.00 to $26.00 in a research note on Tuesday, May 13th. Finally, Mizuho lifted their target price on PBF Energy from $22.00 to $23.00 and gave the stock an "underperform" rating in a report on Tuesday, May 13th. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Reduce" and an average target price of $25.17.

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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