PBF Energy Inc. (NYSE:PBF) Shares Bought by First Trust Advisors LP

First Trust Advisors LP lifted its holdings in PBF Energy Inc. (NYSE:PBF - Free Report) by 59.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 217,676 shares of the oil and gas company's stock after purchasing an additional 81,394 shares during the period. First Trust Advisors LP owned about 0.19% of PBF Energy worth $5,779,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Fortitude Family Office LLC increased its position in shares of PBF Energy by 968.8% in 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 fourth quarter worth $61,000. EverSource Wealth Advisors LLC grew its position in shares of PBF Energy by 33.2% in the fourth 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. purchased a new stake in shares of PBF Energy during the fourth quarter worth about $68,000. Finally, Spire Wealth Management raised its position in shares of PBF Energy by 28.2% during the 4th 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 last quarter. Institutional investors and hedge funds own 96.29% of the company's stock.

Insider Activity at PBF Energy

In other PBF Energy news, insider Control Empresarial De Capital bought 155,000 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were purchased at an average cost 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 in the company, valued at approximately $611,049,959.60. This represents a 0.52 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders have bought 481,000 shares of company stock worth $10,380,180. 5.30% of the stock is currently owned by company insiders.

PBF Energy Trading Up 6.7 %

Shares of NYSE:PBF traded up $1.17 during midday trading on Monday, reaching $18.70. 2,662,017 shares of the company's stock were exchanged, compared to its average volume of 2,939,740. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of -3.97 and a beta of 0.76. PBF Energy Inc. has a fifty-two week low of $13.61 and a fifty-two week high of $52.90. The firm's 50 day simple moving average is $18.20 and its two-hundred day simple moving average is $25.17. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.25 and a quick ratio of 0.54.

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. The business had revenue of $7.07 billion for the quarter, compared to the consensus estimate of $6.27 billion. PBF Energy had a negative net margin of 1.61% and a negative return on equity of 7.40%. The business's revenue was down 18.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.85 EPS. As a group, sell-side analysts forecast that PBF Energy Inc. will post -1.12 EPS for the current fiscal 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 paid a $0.275 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 5.88%. PBF Energy's payout ratio is presently -12.09%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Morgan Stanley reduced their target price on PBF Energy from $28.00 to $20.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Mizuho decreased their price objective on PBF Energy from $28.00 to $22.00 and set an "underperform" rating on the stock in a report on Tuesday, April 1st. Scotiabank reduced 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. JPMorgan Chase & Co. lowered their price target on shares of PBF Energy from $31.00 to $29.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. Finally, Wells Fargo & Company dropped their price objective on shares of PBF Energy from $22.00 to $18.00 and set an "equal weight" rating for the company in a research note on Friday. Seven equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company's stock. Based on data from MarketBeat, PBF Energy has an average rating of "Hold" and an average price target of $22.82.

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.