Janus Henderson Group PLC Grows Stock Holdings in PBF Energy Inc. (NYSE:PBF)

Janus Henderson Group PLC raised its position in shares of PBF Energy Inc. (NYSE:PBF - Free Report) by 18.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 694,115 shares of the oil and gas company's stock after buying an additional 110,437 shares during the quarter. Janus Henderson Group PLC owned about 0.60% of PBF Energy worth $18,430,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Van ECK Associates Corp increased its stake in PBF Energy by 2,119.6% during the 4th quarter. Van ECK Associates Corp now owns 411,307 shares of the oil and gas company's stock valued at $10,920,000 after purchasing an additional 392,776 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of PBF Energy by 5.5% during the fourth quarter. Canada Pension Plan Investment Board now owns 336,300 shares of the oil and gas company's stock valued at $8,929,000 after buying an additional 17,400 shares during the last quarter. Norges Bank bought a new stake in shares of PBF Energy during the fourth quarter valued at approximately $20,896,000. Heartland Advisors Inc. purchased a new position in PBF Energy in the 4th quarter worth approximately $1,420,000. Finally, Raymond James Financial Inc. bought a new position in PBF Energy in the 4th quarter valued at approximately $1,654,000. Institutional investors own 96.29% of the company's stock.

PBF Energy Price Performance

Shares of NYSE:PBF traded down $0.51 during midday trading on Monday, reaching $21.80. 2,266,176 shares of the company were exchanged, compared to its average volume of 2,499,713. The stock has a market cap of $2.52 billion, a PE ratio of -4.63 and a beta of 0.76. The business's fifty day moving average is $18.15 and its two-hundred day moving average is $24.42. PBF Energy Inc. has a one year low of $13.62 and a one year 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.

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

PBF Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.275 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.10 dividend on an annualized basis and a yield of 5.05%. PBF Energy's dividend payout ratio (DPR) is presently -12.09%.

Insider Activity

In other news, insider Control Empresarial De Capital bought 155,000 shares of the stock in a transaction dated Monday, March 3rd. The stock was purchased at an average price of $20.20 per share, for a total transaction of $3,131,000.00. Following the acquisition, the insider now owns 30,249,998 shares of the company's stock, valued at $611,049,959.60. The trade was a 0.52% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders purchased 331,000 shares of company stock valued at $6,075,180 in the last ninety days. Insiders own 5.30% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Piper Sandler decreased their price target 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. Scotiabank cut their target price on shares of PBF Energy from $25.00 to $16.00 and set a "sector perform" rating for the company in a research report on Friday, April 11th. TD Cowen dropped their price target on PBF Energy from $19.00 to $17.00 and set a "sell" rating on the stock in a research note on Tuesday, March 11th. The Goldman Sachs Group cut their price objective on PBF Energy from $28.00 to $23.00 and set a "neutral" rating for the company in a report on Thursday, March 27th. Finally, JPMorgan Chase & Co. lowered their target price on PBF Energy from $31.00 to $29.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th. Seven analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price 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.