LSV Asset Management Has $8.85 Million Position in PBF Energy Inc. (NYSE:PBF)

LSV Asset Management lowered its holdings in PBF Energy Inc. (NYSE:PBF - Free Report) by 61.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 333,500 shares of the oil and gas company's stock after selling 541,704 shares during the quarter. LSV Asset Management owned about 0.29% of PBF Energy worth $8,854,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Tidal Investments LLC bought a new position in shares of PBF Energy in the third quarter worth about $1,642,000. B. Riley Wealth Advisors Inc. boosted its position in PBF Energy by 35.1% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 57,289 shares of the oil and gas company's stock valued at $1,801,000 after buying an additional 14,892 shares during the last quarter. Fortitude Family Office LLC increased its stake in shares of PBF Energy by 968.8% in the 4th 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 during the period. West Oak Capital LLC raised its position in shares of PBF Energy by 6,069.5% during the fourth quarter. West Oak Capital LLC now owns 12,339 shares of the oil and gas company's stock worth $328,000 after acquiring an additional 12,139 shares during the last quarter. Finally, FNY Investment Advisers LLC lifted its stake in shares of PBF Energy by 1,484.7% during the fourth quarter. FNY Investment Advisers LLC now owns 6,006 shares of the oil and gas company's stock valued at $159,000 after acquiring an additional 5,627 shares during the period. 96.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at PBF Energy

In related news, insider Control Empresarial De Capital acquired 15,000 shares of the firm's stock in a transaction dated Wednesday, April 9th. The stock was bought at an average price of $13.98 per share, for a total transaction of $209,700.00. Following the acquisition, the insider now directly owns 30,757,998 shares of the company's stock, valued at approximately $429,996,812.04. The trade was a 0.05 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have acquired a total of 727,000 shares of company stock valued at $17,562,580 over the last 90 days. 5.30% of the stock is owned by corporate insiders.

PBF Energy Stock Up 2.0 %

PBF stock traded up $0.29 during trading hours on Friday, reaching $15.18. 4,094,523 shares of the stock were exchanged, compared to its average volume of 2,382,381. The company has a market cap of $1.75 billion, a price-to-earnings ratio of -3.22 and a beta of 1.15. The firm's 50-day moving average is $19.65 and its 200-day moving average is $26.39. PBF Energy Inc. has a 12 month low of $13.62 and a 12 month high of $58.17. 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 posted its quarterly earnings data on Thursday, February 13th. The oil and gas company reported ($2.82) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.80) by ($1.02). The firm had revenue of $7.35 billion for the quarter, compared to the consensus estimate of $7.25 billion. PBF Energy had a negative return on equity of 7.40% and a negative net margin of 1.61%. On average, equities research analysts expect that PBF Energy Inc. will post -1.12 earnings per share for the current year.

PBF Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Thursday, February 27th were issued a $0.275 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 7.25%. PBF Energy's dividend payout ratio (DPR) is presently -23.35%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PBF. 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 report on Thursday, March 27th. Piper Sandler dropped their target price 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. Scotiabank decreased their price objective 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. TD Cowen cut their target price on PBF Energy from $19.00 to $17.00 and set a "sell" rating on the stock in a research note on Tuesday, March 11th. Finally, JPMorgan Chase & Co. lowered their price target on PBF Energy from $31.00 to $29.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. Seven equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $24.18.

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.