First Trust Advisors LP Boosts Stock Holdings in PBF Energy Inc. (NYSE:PBF)

First Trust Advisors LP lifted its holdings in PBF Energy Inc. (NYSE:PBF - Free Report) by 59.7% in the fourth quarter, according to its most recent disclosure with the SEC. 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 approximately 0.19% of PBF Energy worth $5,779,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Fortitude Family Office LLC grew its stake 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 worth $31,000 after acquiring 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 grew its stake in PBF Energy by 33.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,463 shares of the oil and gas company's stock worth $65,000 after purchasing an additional 614 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in PBF Energy during the 4th quarter worth about $68,000. Finally, Spire Wealth Management raised its position in PBF Energy by 28.2% in the 4th quarter. Spire Wealth Management now owns 2,660 shares of the oil and gas company's stock valued at $71,000 after purchasing an additional 585 shares in the last quarter. 96.29% of the stock is owned by hedge funds and other institutional investors.

PBF Energy Stock Performance

Shares of NYSE PBF traded up $0.31 during trading hours on Tuesday, reaching $18.75. The stock had a trading volume of 529,413 shares, compared to its average volume of 2,437,577. The firm has a market cap of $2.16 billion, a price-to-earnings ratio of -4.00 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 $52.90. The firm has a 50-day moving average of $18.13 and a 200-day moving average of $25.06. The company has a current ratio of 1.25, a quick ratio of 0.54 and a debt-to-equity ratio of 0.26.

PBF Energy (NYSE:PBF - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The oil and gas company reported ($3.09) earnings per share for the quarter, beating the consensus estimate of ($3.50) by $0.41. PBF Energy had a negative return on equity of 7.40% and a negative net margin of 1.61%. The business had revenue of $7.07 billion during the quarter, compared to the consensus estimate of $6.27 billion. During the same period in the prior year, the company earned $0.85 earnings per share. The company's revenue was down 18.3% compared to the same quarter last year. Equities research analysts predict that PBF Energy Inc. will post -1.12 earnings per share for the current year.

PBF Energy Announces Dividend

The firm also recently announced 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. 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 5.87%. PBF Energy's payout ratio is -12.09%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. The Goldman Sachs Group cut their target price 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. TD Cowen reduced their price objective on shares of PBF Energy from $19.00 to $17.00 and set a "sell" rating on the stock in a report on Tuesday, March 11th. Scotiabank decreased their price objective 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. UBS Group dropped their target price on PBF Energy from $29.00 to $26.00 and set a "neutral" rating on the stock in a report on Wednesday, February 19th. Finally, Mizuho decreased their price target on PBF Energy from $28.00 to $22.00 and set an "underperform" rating for the company in a report on Tuesday, April 1st. Seven investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat, PBF Energy has a consensus rating of "Hold" and a consensus price target of $22.82.

Insider Activity

In related news, insider Control Empresarial De Capital purchased 150,000 shares of the business's stock in a transaction dated Thursday, February 6th. The stock was acquired at an average price of $28.70 per share, for a total transaction of $4,305,000.00. Following the completion of the purchase, the insider now directly owns 29,505,998 shares of the company's stock, valued at $846,822,142.60. This trade represents a 0.51 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders acquired 481,000 shares of company stock valued at $10,380,180. Insiders own 5.30% of the company's stock.

About PBF Energy

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.