Janus Henderson Group PLC Acquires 110,437 Shares of PBF Energy Inc. (NYSE:PBF)

Janus Henderson Group PLC raised its position in PBF Energy Inc. (NYSE:PBF) by 18.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 694,115 shares of the oil and gas company’s stock after buying an additional 110,437 shares during the period. Janus Henderson Group PLC owned 0.60% of PBF Energy worth $18,430,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new stake in PBF Energy in the 4th quarter valued at about $61,000. EverSource Wealth Advisors LLC increased its stake in PBF Energy by 33.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,463 shares of the oil and gas company’s stock valued at $65,000 after buying an additional 614 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in PBF Energy in the 4th quarter valued at about $68,000. Spire Wealth Management increased its stake in PBF Energy by 28.2% in the 4th quarter. Spire Wealth Management now owns 2,660 shares of the oil and gas company’s stock valued at $71,000 after buying an additional 585 shares during the last quarter. Finally, Avior Wealth Management LLC increased its stake in PBF Energy by 58.0% in the 4th quarter. Avior Wealth Management LLC now owns 2,995 shares of the oil and gas company’s stock valued at $80,000 after buying an additional 1,100 shares during the last quarter. Hedge funds and other institutional investors own 96.29% of the company’s stock.

Insiders Place Their Bets

In other news, insider Control Empresarial De Capital bought 15,000 shares of the stock in a transaction on Tuesday, April 15th. The shares were acquired at an average cost of $14.44 per share, for a total transaction of $216,600.00. Following the purchase, the insider now directly owns 30,774,998 shares of the company’s stock, valued at $444,390,971.12. This trade represents a 0.05% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought 331,000 shares of company stock worth $6,075,180 in the last three months. 5.30% of the stock is currently owned by corporate insiders.

PBF Energy Stock Down 2.2%

PBF opened at $22.35 on Friday. The company has a 50 day moving average of $18.10 and a 200 day moving average of $24.52. The company has a market cap of $2.58 billion, a PE ratio of -4.75 and a beta of 0.76. PBF Energy Inc. has a 12 month low of $13.62 and a 12 month high of $51.63. 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 posted its earnings results on Thursday, May 1st. The oil and gas company reported ($3.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($3.50) by $0.41. PBF Energy had a negative net margin of 1.61% and a negative return on equity of 7.40%. The business had revenue of $7.07 billion for the quarter, compared to analysts’ expectations of $6.27 billion. During the same period in the prior year, the company posted $0.85 EPS. The business’s revenue for the quarter was down 18.3% compared to the same quarter last year. On average, sell-side analysts expect that PBF Energy Inc. will post -1.12 EPS for the current year.

PBF Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th will be paid a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 4.92%. The ex-dividend date is Thursday, May 15th. PBF Energy’s dividend payout ratio is presently -12.09%.

Wall Street Analyst Weigh In

Several research firms have commented on PBF. Piper Sandler decreased their price objective on shares of PBF Energy from $23.00 to $20.00 and set an “underweight” rating for the company in a research note on Friday, May 2nd. Wells Fargo & Company reduced their target price on shares of PBF Energy from $22.00 to $18.00 and set an “equal weight” rating for the company in a research report on Friday, May 2nd. TD Cowen reduced their target price on shares of PBF Energy from $19.00 to $17.00 and set a “sell” rating for the company in a research report on Tuesday, March 11th. The Goldman Sachs Group reduced their target price on shares of PBF Energy from $28.00 to $23.00 and set a “neutral” rating for the company in a research report on Thursday, March 27th. Finally, Mizuho increased their target price on shares of PBF Energy from $22.00 to $23.00 and gave the company an “underperform” rating in a research report on Tuesday. Seven equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $22.91.

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.