PBF Energy Inc. (NYSE:PBF) Stock Holdings Lowered by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD cut its holdings in shares of PBF Energy Inc. (NYSE:PBF - Free Report) by 64.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 78,545 shares of the oil and gas company's stock after selling 142,991 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.07% of PBF Energy worth $2,086,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Quantessence Capital LLC purchased a new position in shares of PBF Energy in the 4th quarter worth $201,000. Hsbc Holdings PLC increased its stake in PBF Energy by 1,115.7% during the fourth quarter. Hsbc Holdings PLC now owns 95,120 shares of the oil and gas company's stock worth $2,532,000 after acquiring an additional 87,296 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of PBF Energy by 47.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 17,892 shares of the oil and gas company's stock worth $475,000 after purchasing an additional 5,771 shares during the period. MetLife Investment Management LLC lifted its stake in shares of PBF Energy by 5.6% in the 4th quarter. MetLife Investment Management LLC now owns 114,370 shares of the oil and gas company's stock valued at $3,037,000 after purchasing an additional 6,014 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of PBF Energy by 59.7% during the 4th quarter. First Trust Advisors LP now owns 217,676 shares of the oil and gas company's stock worth $5,779,000 after purchasing an additional 81,394 shares during the period. 96.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Control Empresarial De Capital bought 20,000 shares of the firm's stock in a transaction on Friday, March 28th. The stock was bought at an average cost of $19.09 per share, for a total transaction of $381,800.00. Following the completion of the purchase, the insider now directly owns 30,534,998 shares in the company, valued at approximately $582,913,111.82. The trade was a 0.07% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders acquired a total of 331,000 shares of company stock valued at $6,075,180 over the last 90 days. 5.30% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on PBF shares. 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 note on Friday, April 11th. Wells Fargo & Company reduced their price objective on PBF Energy from $22.00 to $18.00 and set an "equal weight" rating on the stock in a research note on Friday, May 2nd. Mizuho lifted their price objective on shares of PBF Energy from $22.00 to $23.00 and gave the company an "underperform" rating in a research note on Tuesday. Morgan Stanley dropped their price objective on shares of PBF Energy from $28.00 to $20.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Finally, UBS Group upgraded shares of PBF Energy from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $20.00 to $26.00 in a research note on Tuesday. Seven 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's stock. Based on data from MarketBeat.com, PBF Energy has a consensus rating of "Hold" and an average target price of $22.91.

PBF Energy Stock Up 8.5%

Shares of NYSE:PBF traded up $1.77 during trading on Tuesday, hitting $22.56. The company's stock had a trading volume of 1,365,364 shares, compared to its average volume of 2,473,931. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.54 and a current ratio of 1.25. PBF Energy Inc. has a fifty-two week low of $13.62 and a fifty-two week high of $51.63. The stock's 50-day moving average price is $18.01 and its two-hundred day moving average price is $24.61. The company has a market capitalization of $2.60 billion, a PE ratio of -4.79 and a beta of 0.76.

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, topping analysts' consensus estimates 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 company had revenue of $7.07 billion for the quarter, compared to the consensus estimate of $6.27 billion. During the same quarter last year, the business posted $0.85 EPS. PBF Energy's quarterly revenue was down 18.3% compared to the same quarter last year. As a group, sell-side analysts expect that PBF Energy Inc. will post -1.12 EPS for the current year.

PBF Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders 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 yield of 4.88%. The ex-dividend date of this dividend is Thursday, May 15th. PBF Energy's dividend payout ratio is presently -12.09%.

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.