International Assets Investment Management LLC Boosts Position in PBF Energy Inc. (NYSE:PBF)

International Assets Investment Management LLC boosted its position in shares of PBF Energy Inc. (NYSE:PBF - Free Report) by 4,296.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 120,670 shares of the oil and gas company's stock after buying an additional 117,925 shares during the quarter. International Assets Investment Management LLC owned approximately 0.10% of PBF Energy worth $5,305,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Acadian Asset Management LLC boosted its holdings in shares of PBF Energy by 1,112.3% during the third quarter. Acadian Asset Management LLC now owns 966,324 shares of the oil and gas company's stock worth $51,718,000 after purchasing an additional 886,617 shares during the period. Assetmark Inc. grew its position in shares of PBF Energy by 84.5% in the 3rd quarter. Assetmark Inc. now owns 1,410,260 shares of the oil and gas company's stock worth $75,491,000 after buying an additional 645,976 shares during the last quarter. LSV Asset Management increased its stake in shares of PBF Energy by 89.4% during the third quarter. LSV Asset Management now owns 1,058,504 shares of the oil and gas company's stock valued at $56,662,000 after buying an additional 499,505 shares during the period. Victory Capital Management Inc. raised its holdings in shares of PBF Energy by 527.4% during the third quarter. Victory Capital Management Inc. now owns 526,671 shares of the oil and gas company's stock valued at $28,193,000 after acquiring an additional 442,730 shares in the last quarter. Finally, FMR LLC lifted its stake in PBF Energy by 91.3% in the third quarter. FMR LLC now owns 904,537 shares of the oil and gas company's stock worth $48,420,000 after acquiring an additional 431,801 shares during the period. Hedge funds and other institutional investors own 96.29% of the company's stock.

Insider Activity

In related news, SVP Connor Thomas L. O sold 40,000 shares of PBF Energy stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $55.07, for a total value of $2,202,800.00. Following the completion of the sale, the senior vice president now directly owns 160,338 shares in the company, valued at approximately $8,829,813.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, SVP Connor Thomas L. O sold 40,000 shares of the firm's stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $55.07, for a total value of $2,202,800.00. Following the sale, the senior vice president now owns 160,338 shares in the company, valued at $8,829,813.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Paul T. Davis sold 100,000 shares of PBF Energy stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $56.37, for a total transaction of $5,637,000.00. Following the completion of the sale, the senior vice president now directly owns 110,978 shares of the company's stock, valued at approximately $6,255,829.86. The disclosure for this sale can be found here. Insiders have sold a total of 180,000 shares of company stock valued at $10,074,600 over the last ninety days. 6.20% of the stock is currently owned by corporate insiders.

PBF Energy Stock Down 1.5 %

PBF stock traded down $0.78 during trading on Wednesday, hitting $50.26. 2,163,482 shares of the stock traded hands, compared to its average volume of 2,140,845. The stock has a market cap of $6.01 billion, a price-to-earnings ratio of 3.53 and a beta of 1.73. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.56 and a quick ratio of 0.81. PBF Energy Inc. has a 1 year low of $32.24 and a 1 year high of $62.88. The firm's 50 day moving average is $55.20 and its two-hundred day moving average is $48.99.

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) EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.49). PBF Energy had a net margin of 4.95% and a return on equity of 18.49%. The firm had revenue of $9.14 billion for the quarter, compared to analysts' expectations of $8.65 billion. During the same quarter in the previous year, the company earned $4.41 EPS. The company's quarterly revenue was down 15.7% compared to the same quarter last year. On average, sell-side analysts anticipate that PBF Energy Inc. will post 7.75 EPS for the current year.

PBF Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend is Wednesday, May 15th. PBF Energy's dividend payout ratio is currently 6.92%.

Analysts Set New Price Targets

Several research analysts have commented on PBF shares. Bank of America upgraded shares of PBF Energy from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $52.00 to $74.00 in a report on Friday, March 15th. Scotiabank raised their price objective on shares of PBF Energy from $39.00 to $56.00 and gave the stock a "sector perform" rating in a report on Thursday, April 11th. TD Cowen reduced their target price on PBF Energy from $54.00 to $45.00 and set a "hold" rating on the stock in a report on Friday, May 3rd. JPMorgan Chase & Co. raised their target price on PBF Energy from $54.00 to $59.00 and gave the company an "overweight" rating in a research note on Monday, April 1st. Finally, Mizuho cut PBF Energy from a "buy" rating to a "neutral" rating and upped their price target for the stock from $53.00 to $58.00 in a research note on Friday, March 22nd. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, PBF Energy presently has an average rating of "Hold" and a consensus target price of $57.91.

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.