Counterpoint Mutual Funds LLC Purchases 3,799 Shares of PBF Energy Inc. (NYSE:PBF)

Counterpoint Mutual Funds LLC lifted its position in PBF Energy Inc. (NYSE:PBF) by 46.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 11,964 shares of the oil and gas company’s stock after buying an additional 3,799 shares during the period. Counterpoint Mutual Funds LLC’s holdings in PBF Energy were worth $318,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Yousif Capital Management LLC grew its stake in PBF Energy by 1.1% in the fourth quarter. Yousif Capital Management LLC now owns 40,836 shares of the oil and gas company’s stock valued at $1,084,000 after purchasing an additional 459 shares during the last quarter. Spire Wealth Management grew its stake in PBF Energy by 28.2% in the fourth quarter. Spire Wealth Management now owns 2,660 shares of the oil and gas company’s stock valued at $71,000 after purchasing an additional 585 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake 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. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of PBF Energy by 2.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,282 shares of the oil and gas company’s stock worth $782,000 after acquiring an additional 620 shares during the last quarter. Finally, Hancock Whitney Corp grew its stake in shares of PBF Energy by 9.6% during the third quarter. Hancock Whitney Corp now owns 11,030 shares of the oil and gas company’s stock worth $341,000 after acquiring an additional 968 shares during the last quarter. 96.29% of the stock is currently owned by institutional investors.

PBF Energy Trading Up 7.4 %

Shares of NYSE:PBF opened at $22.29 on Tuesday. PBF Energy Inc. has a 12-month low of $18.97 and a 12-month high of $62.88. The company has a market capitalization of $2.57 billion, a PE ratio of -4.73 and a beta of 1.62. The business has a 50 day moving average of $25.84 and a two-hundred day moving average of $28.98. 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 (NYSE:PBF) last announced its quarterly earnings results 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). PBF Energy had a negative net margin of 1.61% and a negative return on equity of 7.40%. The company had revenue of $7.35 billion during the quarter, compared to analyst estimates of $7.25 billion. As a group, analysts forecast that PBF Energy Inc. will post -1.12 EPS for the current year.

PBF Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Thursday, February 27th were issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date of this dividend was Thursday, February 27th. PBF Energy’s payout ratio is presently -23.35%.

Wall Street Analysts Forecast Growth

PBF has been the topic of a number of research analyst reports. The Goldman Sachs Group dropped their price target on PBF Energy from $38.00 to $34.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 10th. Mizuho lowered PBF Energy from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $33.00 to $31.00 in a research note on Monday, December 16th. Piper Sandler dropped their price target on PBF Energy from $24.00 to $23.00 and set an “underweight” rating on the stock in a research note on Friday, March 7th. TD Cowen dropped their price target on PBF Energy from $19.00 to $17.00 and set a “sell” rating on the stock in a research note on Tuesday, March 11th. Finally, Wells Fargo & Company dropped 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. Seven analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $27.36.

Insider Buying and Selling at PBF Energy

In other PBF Energy news, insider Control Empresarial De Capital bought 341,500 shares of PBF Energy stock in a transaction dated Wednesday, December 18th. The stock was acquired at an average cost of $26.86 per share, with a total value of $9,172,690.00. Following the purchase, the insider now directly owns 28,814,998 shares in the company, valued at $773,970,846.28. This represents a 1.20 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders purchased 1,062,500 shares of company stock valued at $28,442,290. 5.30% of the stock is owned by company insiders.

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.