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

Voya Investment Management LLC lessened its position in shares of PBF Energy Inc. (NYSE:PBF - Free Report) by 28.6% during the 4th quarter, according to its most recent filing 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 institutional investors and hedge funds have also modified their holdings of the company. T. Rowe Price Investment Management Inc. grew its stake in 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 last quarter. American Century Companies Inc. increased its holdings in PBF Energy by 11.2% in the fourth quarter. American Century Companies Inc. now owns 1,865,625 shares of the oil and gas company's stock valued at $49,532,000 after purchasing an additional 187,351 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of PBF Energy by 5.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,492,817 shares of the oil and gas company's stock valued at $39,634,000 after acquiring an additional 78,045 shares during the period. JPMorgan Chase & Co. raised its holdings in PBF Energy by 60.4% in the fourth quarter. JPMorgan Chase & Co. now owns 1,492,573 shares of the oil and gas company's stock worth $39,628,000 after purchasing an additional 562,287 shares during the period. Finally, Private Management Group Inc. increased its position in shares of PBF Energy by 24.6% in the 4th quarter. Private Management Group Inc. now owns 1,057,295 shares of the oil and gas company's stock valued at $28,071,000 after buying an additional 208,599 shares in the last quarter. 96.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PBF has been the topic of a number of research analyst reports. Morgan Stanley dropped their price target on PBF Energy from $28.00 to $20.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. Mizuho lowered their price target on shares of PBF Energy from $28.00 to $22.00 and set an "underperform" rating on the stock in a research note on Tuesday, April 1st. Wells Fargo & Company lowered their target price on PBF Energy from $22.00 to $18.00 and set an "equal weight" rating on the stock in a research report on Friday, May 2nd. The Goldman Sachs Group reduced their price target on PBF Energy from $28.00 to $23.00 and set a "neutral" rating for the company in a research report on Thursday, March 27th. Finally, Scotiabank dropped their price objective on PBF Energy from $25.00 to $16.00 and set a "sector perform" rating on the stock in a research note on Friday, April 11th. Seven equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to MarketBeat, PBF Energy has an average rating of "Hold" and an average target price of $22.82.

PBF Energy Stock Performance

Shares of NYSE:PBF traded up $0.98 during trading on Friday, reaching $20.31. 4,304,645 shares of the stock were exchanged, compared to its average volume of 2,468,291. The firm has a market cap of $2.34 billion, a PE ratio of -4.31 and a beta of 0.76. The stock has a 50-day moving average price of $18.00 and a 200-day moving average price of $24.88. 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 Inc. has a 12 month low of $13.62 and a 12 month high of $51.63.

PBF Energy (NYSE:PBF - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The oil and gas company reported ($3.09) earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 net margin of 1.61% and a negative return on equity of 7.40%. The business's revenue for the quarter was down 18.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.85 EPS. Research analysts expect 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 will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.10 annualized dividend and a dividend yield of 5.42%. PBF Energy's dividend payout ratio is -12.09%.

Insider Transactions at PBF Energy

In other news, insider Control Empresarial De Capital purchased 15,000 shares of PBF Energy stock in a transaction dated Tuesday, April 15th. The shares were bought at an average cost of $14.44 per share, for a total transaction of $216,600.00. Following the completion of the acquisition, the insider now owns 30,774,998 shares in the company, valued at approximately $444,390,971.12. This trade represents a 0.05 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders acquired 331,000 shares of company stock valued at $6,075,180. Corporate 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.