PBF Energy Inc. (NYSE:PBF) Holdings Lifted by Numerai GP LLC

Numerai GP LLC increased its holdings in PBF Energy Inc. (NYSE:PBF) by 64.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,307 shares of the oil and gas company’s stock after acquiring an additional 5,619 shares during the period. Numerai GP LLC’s holdings in PBF Energy were worth $380,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of PBF. Golden State Wealth Management LLC acquired a new stake in shares of PBF Energy during the fourth quarter worth approximately $61,000. EverSource Wealth Advisors LLC increased its stake in shares of 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 worth $65,000 after acquiring an additional 614 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of PBF Energy during the fourth quarter worth $68,000. Spire Wealth Management boosted its position in PBF Energy by 28.2% during 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. Finally, Avior Wealth Management LLC grew its stake in PBF Energy by 58.0% in the fourth quarter. Avior Wealth Management LLC now owns 2,995 shares of the oil and gas company’s stock valued at $80,000 after purchasing an additional 1,100 shares in the last quarter. 96.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Control Empresarial De Capital acquired 20,000 shares of the stock in a transaction dated Friday, March 28th. The shares were acquired at an average cost of $19.09 per share, for a total transaction of $381,800.00. Following the completion of the transaction, the insider now owns 30,534,998 shares in the company, valued at approximately $582,913,111.82. This trade represents a 0.07% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last 90 days, insiders purchased 331,000 shares of company stock valued at $6,075,180. Insiders own 5.30% of the company’s stock.

PBF Energy Stock Performance

Shares of NYSE PBF opened at $22.35 on Friday. PBF Energy Inc. has a 12 month low of $13.62 and a 12 month high of $51.63. The company has a market cap of $2.58 billion, a P/E ratio of -4.75 and a beta of 0.76. The business’s 50 day moving average is $18.10 and its two-hundred day moving average is $24.52. The company has a quick ratio of 0.54, a current ratio of 1.25 and a debt-to-equity ratio of 0.26.

PBF Energy (NYSE:PBF) last announced its earnings results on Thursday, May 1st. The oil and gas company reported ($3.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($3.50) by $0.41. The business had revenue of $7.07 billion for the quarter, compared to analyst estimates of $6.27 billion. PBF Energy had a negative net margin of 1.61% and a negative return on equity of 7.40%. PBF Energy’s revenue was down 18.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.85 earnings per share. On average, equities analysts expect that PBF Energy Inc. will post -1.12 EPS for the current year.

PBF Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.275 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.10 annualized dividend and a dividend yield of 4.92%. PBF Energy’s payout ratio is -12.09%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. The Goldman Sachs Group dropped their price objective on PBF Energy from $28.00 to $23.00 and set a “neutral” rating on the stock in a report on Thursday, March 27th. JPMorgan Chase & Co. reduced their price objective on shares of PBF Energy from $31.00 to $29.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. UBS Group raised shares of PBF Energy from a “neutral” rating to a “buy” rating and increased their target price for the stock from $20.00 to $26.00 in a research report on Tuesday. Mizuho upped their price target on PBF Energy from $22.00 to $23.00 and gave the stock an “underperform” rating in a research note on Tuesday. Finally, TD Cowen cut their price objective 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. Seven research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, PBF Energy presently has an average rating of “Hold” and an average 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.