PBF Energy Inc. (NYSE:PBF) Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC raised its position in PBF Energy Inc. (NYSE:PBF) by 4,296.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,670 shares of the oil and gas company’s stock after acquiring an additional 117,925 shares during the quarter. International Assets Investment Management LLC owned approximately 0.10% of PBF Energy worth $5,305,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Fifth Third Bancorp grew its position in PBF Energy by 39.8% in the 3rd quarter. Fifth Third Bancorp now owns 808 shares of the oil and gas company’s stock valued at $43,000 after acquiring an additional 230 shares in the last quarter. C M Bidwell & Associates Ltd. grew its position in shares of PBF Energy by 6.7% during the third quarter. C M Bidwell & Associates Ltd. now owns 4,875 shares of the oil and gas company’s stock worth $261,000 after buying an additional 305 shares in the last quarter. Los Angeles Capital Management LLC grew its position in shares of PBF Energy by 0.6% during the third quarter. Los Angeles Capital Management LLC now owns 60,077 shares of the oil and gas company’s stock worth $3,216,000 after buying an additional 366 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of PBF Energy by 2.9% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 18,427 shares of the oil and gas company’s stock worth $986,000 after buying an additional 514 shares in the last quarter. Finally, Diversified Trust Co grew its position in shares of PBF Energy by 10.8% during the fourth quarter. Diversified Trust Co now owns 5,464 shares of the oil and gas company’s stock worth $240,000 after buying an additional 532 shares in the last quarter. 96.29% of the stock is owned by institutional investors and hedge funds.

PBF Energy Stock Down 1.6 %

PBF Energy stock opened at $51.02 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.81 and a current ratio of 1.56. The firm has a market capitalization of $6.10 billion, a price-to-earnings ratio of 3.53 and a beta of 1.73. PBF Energy Inc. has a fifty-two week low of $32.24 and a fifty-two week high of $62.88. The stock’s fifty day moving average is $55.20 and its two-hundred day moving average is $48.99.

PBF Energy (NYSE:PBF) last posted its earnings results on Thursday, February 15th. The oil and gas company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.49). The firm had revenue of $9.14 billion during the quarter, compared to analyst estimates of $8.65 billion. PBF Energy had a net margin of 4.95% and a return on equity of 18.49%. The firm’s revenue for the quarter was down 15.7% on a year-over-year basis. During the same period last year, the company posted $4.41 EPS. Analysts predict that PBF Energy Inc. will post 7.75 EPS for the current fiscal year.

PBF Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Wednesday, May 15th. PBF Energy’s dividend payout ratio (DPR) is 6.92%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Scotiabank boosted their price objective on PBF Energy from $39.00 to $56.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Bank of America upgraded PBF Energy from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $52.00 to $74.00 in a research note on Friday, March 15th. Citigroup initiated coverage on PBF Energy in a research note on Wednesday, January 24th. They set a “neutral” rating for the company. Piper Sandler boosted their target price on PBF Energy from $50.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. Finally, Wells Fargo & Company boosted their target price on PBF Energy from $65.00 to $71.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $57.91.

Insider Buying and Selling at PBF Energy

In other PBF Energy news, SVP Paul T. Davis sold 100,000 shares of the company’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $56.37, for a total value of $5,637,000.00. Following the sale, the senior vice president now owns 110,978 shares of the company’s stock, valued at $6,255,829.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Paul T. Davis sold 100,000 shares of the stock in a transaction on Monday, March 25th. The stock was sold at an average price of $56.37, for a total transaction of $5,637,000.00. Following the sale, the senior vice president now owns 110,978 shares of the company’s stock, valued at $6,255,829.86. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Connor Thomas L. O sold 40,000 shares of the stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $55.87, for a total value of $2,234,800.00. Following the sale, the senior vice president now directly owns 160,338 shares in the company, valued at approximately $8,958,084.06. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 180,000 shares of company stock valued at $10,074,600. Insiders own 6.20% of the company’s stock.

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.