Voya Investment Management LLC Has $1.33 Million Stock Holdings in PBF Energy Inc. (NYSE:PBF)

Voya Investment Management LLC lowered its stake in shares of PBF Energy Inc. (NYSE:PBF - Free Report) by 28.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 50,061 shares of the oil and gas company's stock after selling 20,019 shares during the quarter. Voya Investment Management LLC's holdings in PBF Energy were worth $1,329,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Fortitude Family Office LLC increased its holdings 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 acquiring an additional 1,056 shares during the period. Golden State Wealth Management LLC purchased a new position in PBF Energy in the 4th quarter valued at about $61,000. EverSource Wealth Advisors LLC increased its stake in shares of 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 valued at $65,000 after acquiring an additional 614 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in PBF Energy during the 4th quarter worth approximately $68,000. Finally, Spire Wealth Management grew its position in PBF Energy by 28.2% in the fourth quarter. Spire Wealth Management now owns 2,660 shares of the oil and gas company's stock valued at $71,000 after acquiring an additional 585 shares in the last quarter. Institutional investors and hedge funds own 96.29% of the company's stock.

PBF Energy Stock Performance

Shares of PBF traded up $0.98 on Friday, reaching $20.31. 4,304,645 shares of the stock traded hands, compared to its average volume of 2,472,927. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of -4.31 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 12 month low of $13.62 and a 12 month high of $51.63. The stock's 50-day moving average price is $17.99 and its 200-day moving average price is $24.69.

PBF Energy (NYSE:PBF - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The oil and gas company reported ($3.09) EPS for the quarter, beating the consensus estimate of ($3.50) by $0.41. The business had revenue of $7.07 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the firm earned $0.85 EPS. Equities analysts forecast that PBF Energy Inc. will post -1.12 EPS for the current fiscal year.

PBF Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be paid a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 5.42%. The ex-dividend date is Thursday, May 15th. PBF Energy's dividend payout ratio is -12.09%.

Analysts Set New Price Targets

PBF has been the subject of a number of recent analyst reports. TD Cowen decreased their price target on shares of PBF Energy from $19.00 to $17.00 and set a "sell" rating for the company in a research report on Tuesday, March 11th. JPMorgan Chase & Co. lowered their target price on PBF Energy from $31.00 to $29.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th. UBS Group dropped their price target on PBF Energy from $29.00 to $26.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 19th. 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 report on Friday, April 11th. Finally, Piper Sandler reduced their price target on PBF Energy from $23.00 to $20.00 and set an "underweight" rating for the company in a report on Friday, May 2nd. Seven research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $22.82.

Insider Activity at PBF Energy

In other PBF Energy news, insider Control Empresarial De Capital acquired 20,000 shares of PBF Energy stock in a transaction on Friday, March 28th. The shares were bought at an average price of $19.09 per share, with a total value of $381,800.00. Following the completion of the purchase, the insider now owns 30,534,998 shares in the company, valued at $582,913,111.82. This trade represents a 0.07% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have purchased a total of 331,000 shares of company stock valued at $6,075,180 in the last 90 days. 5.30% of the stock is owned by corporate insiders.

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.