8,256 Shares in PBF Energy Inc. (NYSE:PBF) Bought by Callan Family Office LLC

Callan Family Office LLC bought a new position in shares of PBF Energy Inc. (NYSE:PBF) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 8,256 shares of the oil and gas company’s stock, valued at approximately $219,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Farther Finance Advisors LLC lifted its position in PBF Energy by 27.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,626 shares of the oil and gas company’s stock worth $81,000 after acquiring an additional 573 shares during the period. Verdence Capital Advisors LLC lifted its position in PBF Energy by 4.4% during the 3rd quarter. Verdence Capital Advisors LLC now owns 12,915 shares of the oil and gas company’s stock worth $400,000 after acquiring an additional 543 shares during the period. Covestor Ltd lifted its position in PBF Energy by 64.6% during the 3rd quarter. Covestor Ltd now owns 2,780 shares of the oil and gas company’s stock worth $86,000 after acquiring an additional 1,091 shares during the period. State of New Jersey Common Pension Fund D lifted its position in PBF Energy by 44.1% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 59,424 shares of the oil and gas company’s stock worth $1,839,000 after acquiring an additional 18,173 shares during the period. Finally, GSA Capital Partners LLP lifted its position in PBF Energy by 76.8% during the 3rd quarter. GSA Capital Partners LLP now owns 44,618 shares of the oil and gas company’s stock worth $1,381,000 after acquiring an additional 19,375 shares during the period. 96.29% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Control Empresarial De Capital acquired 341,500 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was bought at an average cost of $26.86 per share, for a total transaction of $9,172,690.00. Following the purchase, the insider now owns 28,814,998 shares in the company, valued at approximately $773,970,846.28. This represents a 1.20 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last three months, insiders bought 1,062,500 shares of company stock worth $28,442,290. Corporate insiders own 5.30% of the company’s stock.

PBF Energy Stock Performance

NYSE PBF opened at $20.12 on Wednesday. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of -4.27 and a beta of 1.62. PBF Energy Inc. has a twelve month low of $18.97 and a twelve month high of $62.88. The company has a current ratio of 1.25, a quick ratio of 0.54 and a debt-to-equity ratio of 0.26. The stock has a 50-day moving average of $26.33 and a 200 day moving average of $29.32.

PBF Energy (NYSE:PBF) last released its quarterly earnings results on Thursday, February 13th. The oil and gas company reported ($2.82) earnings per share 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 return on equity of 7.40% and a negative net margin of 1.61%. Sell-side analysts anticipate that PBF Energy Inc. will post -1.12 EPS for the current fiscal year.

PBF Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Thursday, February 27th will be issued a $0.275 dividend. The ex-dividend date is Thursday, February 27th. This represents a $1.10 dividend on an annualized basis and a yield of 5.47%. PBF Energy’s payout ratio is -23.35%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on PBF shares. Wells Fargo & Company lowered their price target on PBF Energy from $34.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. 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 report on Tuesday. TD Cowen lowered their price target on PBF Energy from $19.00 to $17.00 and set a “sell” rating for the company in a research report on Tuesday. Piper Sandler decreased their price objective on PBF Energy from $24.00 to $23.00 and set an “underweight” rating for the company in a report on Friday, March 7th. Finally, UBS Group decreased their price objective on PBF Energy from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. Seven research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $28.55.

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.