PBF Energy Inc. (NYSE:PBF) Shares Bought by Northern Trust Corp

Northern Trust Corp increased its holdings in shares of PBF Energy Inc. (NYSE:PBF - Free Report) by 3.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,378,956 shares of the oil and gas company's stock after buying an additional 50,541 shares during the quarter. Northern Trust Corp owned about 1.20% of PBF Energy worth $36,611,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Fortitude Family Office LLC grew its holdings in shares of PBF Energy by 968.8% during the fourth quarter. Fortitude Family Office LLC now owns 1,165 shares of the oil and gas company's stock valued at $31,000 after buying an additional 1,056 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in PBF Energy during the 4th quarter worth $61,000. EverSource Wealth Advisors LLC lifted its stake in shares of PBF Energy by 33.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,463 shares of the oil and gas company's stock valued at $65,000 after purchasing an additional 614 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new position in PBF Energy during the 4th quarter worth about $68,000. Finally, Spire Wealth Management grew its holdings in PBF Energy by 28.2% during the fourth quarter. Spire Wealth Management now owns 2,660 shares of the oil and gas company's stock worth $71,000 after purchasing an additional 585 shares during the period. Institutional investors and hedge funds own 96.29% of the company's stock.

Insider Buying and Selling at PBF Energy

In other news, insider Control Empresarial De Capital acquired 155,000 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were acquired at an average price of $20.20 per share, with a total value of $3,131,000.00. Following the purchase, the insider now directly owns 30,249,998 shares of the company's stock, valued at $611,049,959.60. This trade represents a 0.52% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last three months, insiders have bought 331,000 shares of company stock valued at $6,075,180. 5.30% of the stock is currently owned by corporate insiders.

PBF Energy Stock Down 1.5%

Shares of NYSE:PBF traded down $0.33 during trading on Thursday, hitting $22.26. The company's stock had a trading volume of 592,562 shares, compared to its average volume of 2,485,358. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.54 and a current ratio of 1.25. The stock's 50-day moving average price is $18.07 and its two-hundred day moving average price is $24.58. The company has a market capitalization of $2.57 billion, a PE ratio of -4.73 and a beta of 0.76. PBF Energy Inc. has a fifty-two week low of $13.62 and a fifty-two week high of $51.63.

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

PBF Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 4.94%. The ex-dividend date is Thursday, May 15th. PBF Energy's payout ratio is currently -12.09%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PBF. The Goldman Sachs Group reduced their price objective on shares of PBF Energy from $28.00 to $23.00 and set a "neutral" rating on the stock in a research note on Thursday, March 27th. Wells Fargo & Company decreased their target price on shares of PBF Energy from $22.00 to $18.00 and set an "equal weight" rating for the company in a report on Friday, May 2nd. UBS Group upgraded shares of PBF Energy from a "neutral" rating to a "buy" rating and upped their price target for the stock from $20.00 to $26.00 in a research report on Tuesday. Scotiabank cut their target price on shares of PBF Energy from $25.00 to $16.00 and set a "sector perform" rating on the stock in a research report on Friday, April 11th. Finally, Mizuho upped their price objective on shares of PBF Energy from $22.00 to $23.00 and gave the company an "underperform" rating in a report on Tuesday. Seven investment 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. According to data from MarketBeat, PBF Energy currently has a consensus rating of "Hold" and an average target price of $22.91.

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.