XTX Topco Ltd Has $304,000 Stake in PBF Energy Inc. (NYSE:PBF)

XTX Topco Ltd trimmed its stake in PBF Energy Inc. (NYSE:PBF - Free Report) by 75.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,438 shares of the oil and gas company's stock after selling 34,291 shares during the period. XTX Topco Ltd's holdings in PBF Energy were worth $304,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in PBF. Fortitude Family Office LLC increased its position in 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 worth $31,000 after buying an additional 1,056 shares during the period. Golden State Wealth Management LLC bought a new position in PBF Energy in the 4th quarter worth approximately $61,000. EverSource Wealth Advisors LLC increased its position in PBF Energy by 33.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,463 shares of the oil and gas company's stock worth $65,000 after buying an additional 614 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new position in PBF Energy in the 4th quarter worth approximately $68,000. Finally, Spire Wealth Management increased its position in PBF Energy by 28.2% in the 4th quarter. Spire Wealth Management now owns 2,660 shares of the oil and gas company's stock worth $71,000 after buying an additional 585 shares during the period. 96.29% of the stock is owned by institutional investors.

Insider Transactions at PBF Energy

In other PBF Energy news, insider Control Empresarial De Capital purchased 40,000 shares of the stock in a transaction dated Monday, February 3rd. The stock was bought at an average price of $27.47 per share, for a total transaction of $1,098,800.00. Following the transaction, the insider now directly owns 29,355,998 shares in the company, valued at $806,409,265.06. This represents a 0.14 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders acquired a total of 567,000 shares of company stock worth $12,845,180 in the last quarter. 5.30% of the stock is owned by company insiders.

PBF Energy Price Performance

PBF traded down $0.08 during trading on Wednesday, hitting $17.14. The company's stock had a trading volume of 3,593,381 shares, compared to its average volume of 2,418,009. The firm's 50 day moving average price is $18.44 and its two-hundred day moving average price is $25.48. The company has a quick ratio of 0.54, a current ratio of 1.25 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 $53.87. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of -3.64 and a beta of 1.15.

PBF Energy (NYSE:PBF - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The oil and gas company reported ($2.82) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.80) by ($1.02). PBF Energy had a negative net margin of 1.61% and a negative return on equity of 7.40%. The business had revenue of $7.35 billion during the quarter, compared to the consensus estimate of $7.25 billion. Sell-side analysts forecast that PBF Energy Inc. will post -1.12 earnings per share for the current fiscal year.

PBF Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Thursday, February 27th were given a dividend of $0.275 per share. The ex-dividend date was Thursday, February 27th. This represents a $1.10 dividend on an annualized basis and a yield of 6.42%. PBF Energy's payout ratio is presently -23.35%.

Wall Street Analyst Weigh In

PBF has been the topic of several recent research reports. Piper Sandler decreased their price objective on PBF Energy from $24.00 to $23.00 and set an "underweight" rating on the stock in a report on Friday, March 7th. JPMorgan Chase & Co. decreased their price target on PBF Energy from $31.00 to $29.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Wells Fargo & Company decreased their price target on PBF Energy from $25.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 13th. UBS Group decreased 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. Finally, Morgan Stanley decreased their price target on 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. Seven equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $23.45.

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.