PBF Energy Inc. (NYSE:PBF) Shares Purchased by West Oak Capital LLC

West Oak Capital LLC raised its stake in shares of PBF Energy Inc. (NYSE:PBF) by 6,069.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,339 shares of the oil and gas company’s stock after buying an additional 12,139 shares during the period. West Oak Capital LLC’s holdings in PBF Energy were worth $328,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Neo Ivy Capital Management acquired a new position in PBF Energy during the 3rd quarter valued at about $2,404,000. Dakota Wealth Management acquired a new position in PBF Energy during the 3rd quarter valued at about $694,000. Intech Investment Management LLC increased its stake in PBF Energy by 165.9% during the 3rd quarter. Intech Investment Management LLC now owns 46,107 shares of the oil and gas company’s stock valued at $1,427,000 after buying an additional 28,770 shares during the period. State of New Jersey Common Pension Fund D increased its stake 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 valued at $1,839,000 after buying an additional 18,173 shares during the period. Finally, Bridgewater Associates LP boosted its position in shares of PBF Energy by 40.5% during the 3rd quarter. Bridgewater Associates LP now owns 93,566 shares of the oil and gas company’s stock valued at $2,896,000 after purchasing an additional 26,952 shares in the last quarter. Institutional investors and hedge funds own 96.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PBF. TD Cowen lowered shares of PBF Energy from a “hold” rating to a “sell” rating and reduced their price objective for the company from $27.00 to $20.00 in a research report on Friday, December 20th. Mizuho lowered shares of PBF Energy from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $33.00 to $31.00 in a research report on Monday, December 16th. Piper Sandler lowered shares of PBF Energy from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $47.00 to $25.00 in a research report on Friday, September 20th. JPMorgan Chase & Co. reduced their price objective on shares of PBF Energy from $36.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday. Finally, Wells Fargo & Company cut shares of PBF Energy from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $39.00 to $34.00 in a report on Monday, December 9th. Seven investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $32.00.

PBF Energy Stock Up 3.6 %

PBF traded up $0.97 during midday trading on Friday, hitting $28.02. 2,784,042 shares of the company’s stock traded hands, compared to its average volume of 1,945,073. The company has a market cap of $3.23 billion, a PE ratio of -10.82 and a beta of 1.61. The stock’s fifty day simple moving average is $29.12 and its 200-day simple moving average is $33.50. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.34 and a quick ratio of 0.65. PBF Energy Inc. has a one year low of $24.21 and a one year high of $62.88.

PBF Energy (NYSE:PBF) last issued 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 business had revenue of $8.38 billion for the quarter, compared to the consensus estimate of $8.27 billion. PBF Energy had a negative net margin of 0.84% and a negative return on equity of 2.84%. PBF Energy’s revenue was down 21.9% compared to the same quarter last year. During the same period in the previous year, the business posted $6.61 EPS. As a group, equities analysts anticipate that PBF Energy Inc. will post -2.87 earnings per share for the current fiscal year.

PBF Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were given a $0.275 dividend. This is a positive change from PBF Energy’s previous quarterly dividend of $0.25. The ex-dividend date was Wednesday, November 13th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.93%. PBF Energy’s dividend payout ratio (DPR) is currently -42.47%.

Insider Activity

In related news, insider Control Empresarial De Capital acquired 70,000 shares of the stock in a transaction dated Thursday, December 26th. The shares were acquired at an average price of $25.56 per share, for a total transaction of $1,789,200.00. Following the completion of the purchase, the insider now owns 28,884,998 shares in the company, valued at approximately $738,300,548.88. The trade was a 0.24 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have bought a total of 3,369,600 shares of company stock valued at $102,820,721 over the last 90 days. 6.20% of the stock is currently 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.