PBF Energy Inc. (NYSE:PBF) Position Increased by FNY Investment Advisers LLC

FNY Investment Advisers LLC increased its stake in shares of PBF Energy Inc. (NYSE:PBF) by 1,484.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,006 shares of the oil and gas company’s stock after buying an additional 5,627 shares during the quarter. FNY Investment Advisers LLC’s holdings in PBF Energy were worth $159,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in PBF. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of PBF Energy by 391.9% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,540,000 shares of the oil and gas company’s stock worth $47,663,000 after acquiring an additional 1,226,909 shares during the last quarter. American Century Companies Inc. boosted its stake in PBF Energy by 3.4% during the 2nd quarter. American Century Companies Inc. now owns 993,301 shares of the oil and gas company’s stock valued at $45,712,000 after purchasing an additional 32,862 shares during the period. BNP Paribas Financial Markets boosted its stake in PBF Energy by 132.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 863,228 shares of the oil and gas company’s stock valued at $26,717,000 after purchasing an additional 492,053 shares during the period. Private Management Group Inc. grew its position in PBF Energy by 27.5% in the 3rd quarter. Private Management Group Inc. now owns 848,696 shares of the oil and gas company’s stock worth $26,267,000 after purchasing an additional 183,183 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of PBF Energy by 14.8% in the second quarter. AQR Capital Management LLC now owns 654,464 shares of the oil and gas company’s stock valued at $29,883,000 after purchasing an additional 84,532 shares during the period. 96.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PBF has been the subject of several analyst reports. Wells Fargo & Company downgraded PBF Energy from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $39.00 to $34.00 in a research report on Monday, December 9th. BMO Capital Markets cut PBF Energy from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $42.00 to $35.00 in a research note on Friday, October 4th. JPMorgan Chase & Co. lowered their price target on PBF Energy from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. TD Cowen lowered shares of PBF Energy from a “hold” rating to a “sell” rating and decreased their target price for the company from $27.00 to $20.00 in a research report on Friday, December 20th. Finally, Scotiabank lowered their target price on shares of PBF Energy from $45.00 to $31.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. Seven research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $32.00.

PBF Energy Trading Up 0.9 %

Shares of NYSE:PBF opened at $29.69 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.65 and a current ratio of 1.34. The stock has a market capitalization of $3.42 billion, a price-to-earnings ratio of -11.46 and a beta of 1.61. PBF Energy Inc. has a 1-year low of $24.21 and a 1-year high of $62.88. The company has a 50 day moving average price of $29.15 and a 200 day moving average price of $32.99.

PBF Energy (NYSE:PBF) last released its quarterly earnings data on Thursday, October 31st. The oil and gas company reported ($1.50) earnings per share for the quarter, missing the consensus estimate of ($1.41) by ($0.09). The company had revenue of $8.38 billion for the quarter, compared to the consensus estimate of $8.27 billion. PBF Energy had a negative return on equity of 2.84% and a negative net margin of 0.84%. The business’s revenue was down 21.9% compared to the same quarter last year. During the same period in the prior year, the business earned $6.61 earnings per share. On average, research analysts anticipate that PBF Energy Inc. will post -2.87 EPS for the current fiscal year.

PBF Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 3.70%. The ex-dividend date of this dividend was Wednesday, November 13th. This is an increase from PBF Energy’s previous quarterly dividend of $0.25. PBF Energy’s payout ratio is presently -42.47%.

Insider Buying and Selling at PBF Energy

In other news, insider Control Empresarial De Capital acquired 409,000 shares of the stock in a transaction on Wednesday, November 27th. The shares were purchased at an average cost of $31.58 per share, for a total transaction of $12,916,220.00. Following the transaction, the insider now owns 27,368,498 shares in the company, valued at approximately $864,297,166.84. This trade represents a 1.52 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders bought 2,369,600 shares of company stock valued at $71,070,721. 5.30% of the stock is currently owned by corporate insiders.

PBF Energy Company 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.