25,319 Shares in PBF Energy Inc. (NYSE:PBF) Purchased by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. bought a new stake in shares of PBF Energy Inc. (NYSE:PBF) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 25,319 shares of the oil and gas company’s stock, valued at approximately $672,000.

Several other hedge funds also recently modified their holdings of the business. Fortitude Family Office LLC lifted its holdings in PBF Energy by 968.8% in the fourth quarter. Fortitude Family Office LLC now owns 1,165 shares of the oil and gas company’s stock valued at $31,000 after buying an additional 1,056 shares during the period. Quarry LP acquired a new position in shares of PBF Energy in the 3rd quarter valued at $48,000. Golden State Wealth Management LLC acquired a new stake in shares of PBF Energy during the fourth quarter worth $61,000. EverSource Wealth Advisors LLC increased its holdings in PBF Energy by 33.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,463 shares of the oil and gas company’s stock valued at $65,000 after purchasing an additional 614 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in PBF Energy in the fourth quarter valued at about $68,000. Institutional investors own 96.29% of the company’s stock.

Insider Transactions at PBF Energy

In other news, insider Control Empresarial De Capital acquired 100,000 shares of the stock in a transaction dated Wednesday, January 22nd. The shares were bought at an average cost of $29.60 per share, for a total transaction of $2,960,000.00. Following the purchase, the insider now directly owns 29,084,998 shares of the company’s stock, valued at approximately $860,915,940.80. This trade represents a 0.35 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders acquired a total of 671,000 shares of company stock worth $17,862,200 in the last three months. Insiders own 6.70% of the company’s stock.

PBF Energy Stock Down 10.4 %

Shares of PBF Energy stock opened at $14.97 on Monday. The firm has a market cap of $1.73 billion, a PE ratio of -3.18 and a beta of 1.62. The business’s 50 day simple moving average is $23.04 and its 200 day simple moving average is $27.67. 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 52-week low of $14.11 and a 52-week high of $61.88.

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

PBF Energy Dividend Announcement

The firm also recently declared 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 of this dividend was Thursday, February 27th. This represents a $1.10 annualized dividend and a yield of 7.35%. PBF Energy’s dividend payout ratio (DPR) is presently -23.35%.

Analyst Ratings Changes

A number of brokerages have recently commented on PBF. JPMorgan Chase & Co. lowered their price target on PBF Energy from $31.00 to $29.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. The Goldman Sachs Group lowered their target price on shares of PBF Energy from $28.00 to $23.00 and set a “neutral” rating for the company in a research note on Thursday, March 27th. TD Cowen reduced their price target on shares of PBF Energy from $19.00 to $17.00 and set a “sell” rating on the stock in a research report on Tuesday, March 11th. Wells Fargo & Company lowered their price objective on shares of PBF Energy from $25.00 to $22.00 and set an “equal weight” rating for the company in a research report on Thursday, March 13th. Finally, Mizuho reduced their target price on PBF Energy from $28.00 to $22.00 and set an “underperform” rating on the stock in a report on Tuesday, April 1st. Seven research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $25.55.

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.