PBF Energy Inc. (NYSE:PBF) Shares Purchased by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd increased its position in shares of PBF Energy Inc. (NYSE:PBF) by 322.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 70,590 shares of the oil and gas company’s stock after acquiring an additional 53,890 shares during the quarter. Point72 Hong Kong Ltd’s holdings in PBF Energy were worth $1,874,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. boosted its position in PBF Energy by 150.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,116,396 shares of the oil and gas company’s stock worth $56,191,000 after acquiring an additional 1,272,254 shares during the last quarter. American Century Companies Inc. boosted its position in PBF Energy by 11.2% during the fourth quarter. American Century Companies Inc. now owns 1,865,625 shares of the oil and gas company’s stock worth $49,532,000 after acquiring an additional 187,351 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in PBF Energy by 5.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,492,817 shares of the oil and gas company’s stock worth $39,634,000 after acquiring an additional 78,045 shares during the last quarter. JPMorgan Chase & Co. boosted its position in PBF Energy by 60.4% during the fourth quarter. JPMorgan Chase & Co. now owns 1,492,573 shares of the oil and gas company’s stock worth $39,628,000 after acquiring an additional 562,287 shares during the last quarter. Finally, Northern Trust Corp boosted its position in PBF Energy by 3.8% during the fourth quarter. Northern Trust Corp now owns 1,378,956 shares of the oil and gas company’s stock worth $36,611,000 after acquiring an additional 50,541 shares during the last quarter. Institutional investors and hedge funds own 96.29% of the company’s stock.

Insider Buying and Selling

In other news, insider Control Empresarial De Capital purchased 20,000 shares of the company’s stock in a transaction that occurred on Friday, March 28th. The shares were purchased at an average price of $19.09 per share, with a total value of $381,800.00. Following the purchase, the insider now directly owns 30,534,998 shares of the company’s stock, valued at approximately $582,913,111.82. This represents a 0.07% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have bought 331,000 shares of company stock valued at $6,075,180 in the last quarter. Company insiders own 5.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on PBF shares. Morgan Stanley decreased their price target on shares of PBF Energy from $28.00 to $20.00 and set an “equal weight” rating on the stock in a report on Thursday, April 24th. The Goldman Sachs Group decreased their price target on shares of PBF Energy from $28.00 to $23.00 and set a “neutral” rating on the stock in a report on Thursday, March 27th. Piper Sandler decreased their price target on shares of PBF Energy from $23.00 to $20.00 and set an “underweight” rating on the stock in a report on Friday, May 2nd. UBS Group upgraded shares of PBF Energy from a “neutral” rating to a “buy” rating and lifted their price target for the company from $20.00 to $26.00 in a report on Tuesday. Finally, Mizuho lifted their price target on shares of PBF Energy from $22.00 to $23.00 and gave the company an “underperform” rating in a report on Tuesday. Seven analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $22.91.

PBF Energy Stock Performance

Shares of PBF stock opened at $22.35 on Friday. The company’s fifty day simple moving average is $18.10 and its 200-day simple moving average is $24.52. PBF Energy Inc. has a 52 week low of $13.62 and a 52 week 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. The company has a market cap of $2.58 billion, a PE ratio of -4.75 and a beta of 0.76.

PBF Energy (NYSE:PBF) last issued its earnings results on Thursday, May 1st. The oil and gas company reported ($3.09) EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $6.27 billion. During the same quarter last year, the firm posted $0.85 EPS. The business’s revenue for the quarter was down 18.3% compared to the same quarter last year. As a group, equities research analysts anticipate that PBF Energy Inc. will post -1.12 EPS for the current year.

PBF Energy Announces Dividend

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

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.