Jump Financial LLC Trims Stock Holdings in PBF Energy Inc. (NYSE:PBF)

Jump Financial LLC decreased its stake in PBF Energy Inc. (NYSE:PBF - Free Report) by 33.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 278,529 shares of the oil and gas company's stock after selling 138,526 shares during the quarter. Jump Financial LLC owned 0.24% of PBF Energy worth $7,395,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Xponance Inc. raised its position in shares of PBF Energy by 2.6% in the 4th quarter. Xponance Inc. now owns 14,123 shares of the oil and gas company's stock valued at $375,000 after acquiring an additional 364 shares during the period. Yousif Capital Management LLC raised its holdings in PBF Energy by 1.1% in the fourth quarter. Yousif Capital Management LLC now owns 40,836 shares of the oil and gas company's stock worth $1,084,000 after purchasing an additional 459 shares during the period. Spire Wealth Management boosted its position in shares of 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 in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of PBF Energy by 33.2% during the fourth 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. Finally, LPL Financial LLC grew its holdings in shares of PBF Energy by 3.2% in the 4th quarter. LPL Financial LLC now owns 23,802 shares of the oil and gas company's stock valued at $632,000 after buying an additional 748 shares during the period. Institutional investors own 96.29% of the company's stock.

Insider Transactions at PBF Energy

In related news, insider Control Empresarial De Capital purchased 100,000 shares of PBF Energy stock in a transaction on Wednesday, January 22nd. The stock was acquired at an average cost of $29.60 per share, for a total transaction of $2,960,000.00. Following the completion of the acquisition, the insider now owns 29,084,998 shares of the company's stock, valued at $860,915,940.80. This trade represents a 0.35 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders have acquired 727,000 shares of company stock worth $17,562,580. Company insiders own 5.30% of the company's stock.

PBF Energy Stock Performance

NYSE PBF traded down $0.20 during trading on Monday, reaching $15.08. The company's stock had a trading volume of 462,732 shares, compared to its average volume of 2,375,155. PBF Energy Inc. has a 12 month low of $13.62 and a 12 month high of $58.17. The firm has a 50 day moving average price of $19.65 and a 200 day moving average price of $26.30. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of -3.20 and a beta of 1.15. 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 released its earnings results on Thursday, February 13th. The oil and gas company reported ($2.82) EPS for the quarter, missing the consensus estimate of ($1.80) by ($1.02). PBF Energy had a negative net margin of 1.61% and a negative return on equity of 7.40%. The firm had revenue of $7.35 billion during the quarter, compared to the consensus estimate of $7.25 billion. As a group, equities analysts anticipate that PBF Energy Inc. will post -1.12 EPS for the current fiscal year.

PBF Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Thursday, February 27th were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 7.29%. The ex-dividend date of this dividend was Thursday, February 27th. PBF Energy's dividend payout ratio (DPR) is currently -23.35%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on PBF shares. Mizuho reduced their target price on PBF Energy from $28.00 to $22.00 and set an "underperform" rating on the stock in a report on Tuesday, April 1st. Morgan Stanley cut their price objective on PBF Energy from $31.00 to $28.00 and set an "equal weight" rating on the stock in a report on Friday, March 14th. Scotiabank lowered their target price on PBF Energy from $25.00 to $16.00 and set a "sector perform" rating for the company in a research note on Friday, April 11th. JPMorgan Chase & Co. cut 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 note on Tuesday, March 11th. Finally, Piper Sandler lowered their price objective on shares of PBF Energy from $24.00 to $23.00 and set an "underweight" rating for the company in a research report on Friday, March 7th. Seven research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $24.18.

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.