LSV Asset Management Has $56.05 Million Holdings in PBF Energy Inc. (NYSE:PBF)

LSV Asset Management lifted its position in shares of PBF Energy Inc. (NYSE:PBF - Free Report) by 20.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,274,904 shares of the oil and gas company's stock after acquiring an additional 216,400 shares during the quarter. LSV Asset Management owned 1.04% of PBF Energy worth $56,045,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of PBF. Fifth Third Bancorp raised its holdings in shares of PBF Energy by 39.8% in the third quarter. Fifth Third Bancorp now owns 808 shares of the oil and gas company's stock worth $43,000 after acquiring an additional 230 shares during the last quarter. Fortitude Family Office LLC acquired a new stake in PBF Energy during the fourth quarter worth approximately $44,000. DekaBank Deutsche Girozentrale acquired a new position in PBF Energy in the 4th quarter valued at $73,000. Headlands Technologies LLC purchased a new position in shares of PBF Energy during the 3rd quarter worth $101,000. Finally, Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in shares of PBF Energy during the third quarter worth $107,000. Institutional investors and hedge funds own 96.29% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Scotiabank increased their target price on PBF Energy from $39.00 to $56.00 and gave the stock a "sector perform" rating in a research report on Thursday, April 11th. Bank of America raised PBF Energy from a "neutral" rating to a "buy" rating and boosted their price target for the company from $52.00 to $74.00 in a research report on Friday, March 15th. Piper Sandler upped their price target on PBF Energy from $50.00 to $61.00 and gave the stock a "neutral" rating in a research note on Friday, April 5th. TD Cowen decreased their target price on PBF Energy from $54.00 to $45.00 and set a "hold" rating for the company in a report on Friday. Finally, Mizuho lowered shares of PBF Energy from a "buy" rating to a "neutral" rating and raised their price target for the company from $53.00 to $58.00 in a report on Friday, March 22nd. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $57.91.

PBF Energy Stock Down 1.4 %

Shares of PBF traded down $0.74 during trading on Friday, reaching $51.86. The company's stock had a trading volume of 1,900,000 shares, compared to its average volume of 1,508,346. The company has a market cap of $6.20 billion, a price-to-earnings ratio of 3.59 and a beta of 1.73. The company has a quick ratio of 0.81, a current ratio of 1.56 and a debt-to-equity ratio of 0.19. The company has a fifty day moving average of $55.07 and a two-hundred day moving average of $48.95. PBF Energy Inc. has a twelve month low of $31.25 and a twelve month high of $62.88.

PBF Energy (NYSE:PBF - Get Free Report) last posted its quarterly earnings results on Thursday, February 15th. The oil and gas company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.49). The company had revenue of $9.14 billion during the quarter, compared to analyst estimates of $8.65 billion. PBF Energy had a net margin of 4.95% and a return on equity of 18.49%. The company's revenue was down 15.7% on a year-over-year basis. During the same period in the prior year, the company earned $4.41 earnings per share. On average, sell-side analysts predict that PBF Energy Inc. will post 7.75 EPS for the current fiscal year.

PBF Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, May 16th will be paid a $0.25 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $1.00 dividend on an annualized basis and a yield of 1.93%. PBF Energy's dividend payout ratio (DPR) is 6.92%.

Insider Activity at PBF Energy

In other news, SVP Connor Thomas L. O sold 40,000 shares of PBF Energy stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $55.87, for a total value of $2,234,800.00. Following the completion of the transaction, the senior vice president now owns 160,338 shares in the company, valued at approximately $8,958,084.06. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other PBF Energy news, SVP Paul T. Davis sold 100,000 shares of the firm's stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $56.37, for a total value of $5,637,000.00. Following the transaction, the senior vice president now owns 110,978 shares of the company's stock, valued at $6,255,829.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Connor Thomas L. O sold 40,000 shares of the company's stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $55.87, for a total value of $2,234,800.00. Following the transaction, the senior vice president now directly owns 160,338 shares of the company's stock, valued at $8,958,084.06. The disclosure for this sale can be found here. Insiders sold a total of 180,000 shares of company stock valued at $10,074,600 over the last three months. 5.30% of the stock is owned by insiders.

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.