Dimensional Fund Advisors LP Has $324.49 Million Position in PBF Energy Inc. (NYSE:PBF)

Dimensional Fund Advisors LP grew its holdings in PBF Energy Inc. (NYSE:PBF - Free Report) by 1.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,381,349 shares of the oil and gas company's stock after purchasing an additional 120,414 shares during the period. Dimensional Fund Advisors LP owned approximately 6.04% of PBF Energy worth $324,487,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Raymond James Financial Services Advisors Inc. lifted its stake in shares of PBF Energy by 4.0% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 35,817 shares of the oil and gas company's stock valued at $1,917,000 after acquiring an additional 1,377 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of PBF Energy by 19.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,155 shares of the oil and gas company's stock valued at $972,000 after buying an additional 2,992 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in PBF Energy by 640.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 255,747 shares of the oil and gas company's stock valued at $13,690,000 after buying an additional 221,218 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in PBF Energy during the 3rd quarter worth approximately $241,000. Finally, Fifth Third Bancorp grew its holdings in PBF Energy by 39.8% during the 3rd 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. Institutional investors and hedge funds own 96.29% of the company's stock.

Insider Buying and Selling

In other PBF Energy news, SVP Paul T. Davis sold 100,000 shares of the firm's stock in a transaction on Monday, March 25th. The stock was sold at an average price of $56.37, for a total value 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 $6,255,829.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 stock was sold at an average price of $56.37, for a total value of $5,637,000.00. Following the completion of the transaction, the senior vice president now owns 110,978 shares in the company, valued at approximately $6,255,829.86. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Connor Thomas L. O sold 40,000 shares of the company's stock in a transaction dated 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 sale, the senior vice president now owns 160,338 shares in the company, valued at $8,958,084.06. The disclosure for this sale can be found here. In the last quarter, insiders have sold 180,000 shares of company stock valued at $10,074,600. 6.20% of the stock is owned by company insiders.

PBF Energy Stock Down 1.1 %

Shares of PBF traded down $0.55 on Monday, reaching $47.92. The company's stock had a trading volume of 1,681,353 shares, compared to its average volume of 2,130,657. The stock has a market capitalization of $5.68 billion, a PE ratio of 3.31 and a beta of 1.73. The company has a current ratio of 1.54, a quick ratio of 0.78 and a debt-to-equity ratio of 0.20. PBF Energy Inc. has a twelve month low of $34.96 and a twelve month high of $62.88. The firm has a fifty day moving average of $55.35 and a 200-day moving average of $49.04.

PBF Energy (NYSE:PBF - Get Free Report) last posted its earnings results on Thursday, February 15th. The oil and gas company reported ($0.41) earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by ($0.49). The company had revenue of $9.14 billion during the quarter, compared to the consensus estimate of $8.65 billion. PBF Energy had a net margin of 4.95% and a return on equity of 18.47%. The firm's revenue for the quarter was down 15.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.41 EPS. Equities analysts predict that PBF Energy Inc. will post 7.58 EPS for the current year.

PBF Energy Dividend Announcement

The business 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 dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.00 annualized dividend and a dividend yield of 2.09%. PBF Energy's payout ratio is currently 6.92%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on PBF shares. Bank of America upgraded PBF Energy from a "neutral" rating to a "buy" rating and upped their price target for the company from $52.00 to $74.00 in a research report on Friday, March 15th. TD Cowen dropped their price target on shares of PBF Energy from $54.00 to $45.00 and set a "hold" rating on the stock in a research report on Friday, May 3rd. Scotiabank increased their price objective on shares of PBF Energy from $39.00 to $56.00 and gave the stock a "sector perform" rating in a research report on Thursday, April 11th. Citigroup initiated coverage on shares of PBF Energy in a research report on Wednesday, January 24th. They set a "neutral" rating on the stock. Finally, JPMorgan Chase & Co. boosted their price objective on PBF Energy from $54.00 to $59.00 and gave the company an "overweight" rating in a research note on Monday, April 1st. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target 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.