Susquehanna Fundamental Investments LLC Makes New $3.75 Million Investment in PBF Energy Inc. (NYSE:PBF)

Susquehanna Fundamental Investments LLC purchased a new stake in PBF Energy Inc. (NYSE:PBF - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 141,355 shares of the oil and gas company's stock, valued at approximately $3,753,000. Susquehanna Fundamental Investments LLC owned 0.12% of PBF Energy as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in PBF. T. Rowe Price Investment Management Inc. increased its stake in shares of PBF Energy by 150.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,116,396 shares of the oil and gas company's stock worth $56,191,000 after buying an additional 1,272,254 shares during the period. Norges Bank acquired a new stake in shares of PBF Energy in the fourth quarter valued at approximately $20,896,000. JPMorgan Chase & Co. increased its holdings in shares of PBF Energy by 60.4% in the 4th quarter. JPMorgan Chase & Co. now owns 1,492,573 shares of the oil and gas company's stock valued at $39,628,000 after acquiring an additional 562,287 shares during the period. Van ECK Associates Corp increased its holdings in shares of PBF Energy by 2,119.6% in the 4th quarter. Van ECK Associates Corp now owns 411,307 shares of the oil and gas company's stock valued at $10,920,000 after acquiring an additional 392,776 shares during the period. Finally, Private Management Group Inc. boosted its stake in PBF Energy by 24.6% during the 4th quarter. Private Management Group Inc. now owns 1,057,295 shares of the oil and gas company's stock worth $28,071,000 after purchasing an additional 208,599 shares during the period. 96.29% of the stock is currently owned by institutional investors and hedge funds.

PBF Energy Price Performance

PBF Energy stock traded up $0.87 during mid-day trading on Friday, reaching $17.53. The company had a trading volume of 3,049,811 shares, compared to its average volume of 2,432,870. The stock's 50-day simple moving average is $18.20 and its 200-day simple moving average is $25.23. The company has a market capitalization of $2.02 billion, a P/E ratio of -3.72 and a beta of 0.76. 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 Inc. has a 1 year low of $13.62 and a 1 year high of $52.90.

PBF Energy (NYSE:PBF - Get Free Report) last released 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. The firm had revenue of $7.07 billion during the quarter, compared to the consensus estimate of $6.27 billion. PBF Energy had a negative return on equity of 7.40% and a negative net margin of 1.61%. PBF Energy's quarterly revenue was down 18.3% on a year-over-year basis. During the same period last year, the business posted $0.85 EPS. On average, equities analysts predict that PBF Energy Inc. will post -1.12 EPS for the current year.

PBF Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 6.27%. The ex-dividend date is Thursday, May 15th. PBF Energy's dividend payout ratio (DPR) is presently -12.09%.

Analysts Set New Price Targets

A number of research firms have commented on PBF. Wells Fargo & Company dropped their price objective on shares of PBF Energy from $22.00 to $18.00 and set an "equal weight" rating on the stock in a research note on Friday. TD Cowen dropped their price target on PBF Energy from $19.00 to $17.00 and set a "sell" rating on the stock in a research report on Tuesday, March 11th. UBS Group decreased their price objective on PBF Energy from $29.00 to $26.00 and set a "neutral" rating for the company in a research report on Wednesday, February 19th. Scotiabank dropped their target price on PBF Energy from $25.00 to $16.00 and set a "sector perform" rating on the stock in a report on Friday, April 11th. 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 analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $22.82.

Insider Activity at PBF Energy

In other news, insider Control Empresarial De Capital bought 15,000 shares of PBF Energy stock in a transaction on Wednesday, April 9th. The shares were bought at an average cost of $13.98 per share, for a total transaction of $209,700.00. Following the acquisition, the insider now owns 30,757,998 shares in the company, valued at approximately $429,996,812.04. This trade represents a 0.05 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last three months, insiders have acquired 521,000 shares of company stock valued at $11,478,980. Insiders own 5.30% of the company's stock.

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.