PBF Energy Inc. (NYSE:PBF) Shares Bought by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. grew its position in PBF Energy Inc. (NYSE:PBF) by 83.4% during the first quarter, Holdings Channel.com reports. The firm owned 4,699 shares of the oil and gas company’s stock after acquiring an additional 2,137 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in PBF Energy were worth $90,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Golden State Wealth Management LLC purchased a new stake in shares of PBF Energy during the 4th quarter worth approximately $61,000. Parallel Advisors LLC boosted its stake in shares of PBF Energy by 80.4% during the first quarter. Parallel Advisors LLC now owns 2,434 shares of the oil and gas company’s stock worth $46,000 after buying an additional 1,085 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of 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 purchasing an additional 614 shares during the last quarter. Spire Wealth Management grew its position 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, Sterling Capital Management LLC boosted its holdings in shares of PBF Energy by 783.2% in the fourth quarter. Sterling Capital Management LLC now owns 3,162 shares of the oil and gas company’s stock valued at $84,000 after acquiring an additional 2,804 shares in the last quarter. 96.29% of the stock is currently owned by institutional investors and hedge funds.

PBF Energy Stock Performance

NYSE:PBF opened at $18.32 on Friday. The firm’s fifty day simple moving average is $17.96 and its 200 day simple moving average is $23.34. 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 Inc. has a twelve month low of $13.62 and a twelve month high of $48.20. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of -3.89 and a beta of 0.82.

PBF Energy (NYSE:PBF) last posted its quarterly earnings data on Thursday, May 1st. The oil and gas company reported ($3.09) earnings per share (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 company had revenue of $7.07 billion for the quarter, compared to analyst estimates of $6.27 billion. During the same quarter last year, the firm posted $0.85 earnings per share. The business’s quarterly revenue was down 18.3% on a year-over-year basis. As a group, equities research analysts expect that PBF Energy Inc. will post -1.12 earnings per share for the current fiscal year.

PBF Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 6.00%. The ex-dividend date of this dividend was Thursday, May 15th. PBF Energy’s payout ratio is -12.09%.

Insider Activity at PBF Energy

In other PBF Energy news, insider Control Empresarial De Capital purchased 110,000 shares of PBF Energy stock in a transaction dated Thursday, April 3rd. The shares were bought at an average cost of $17.40 per share, for a total transaction of $1,914,000.00. Following the transaction, the insider now owns 30,696,998 shares in the company, valued at $534,127,765.20. This represents a 0.36% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have purchased 176,000 shares of company stock valued at $2,944,180 over the last ninety days. Corporate insiders own 5.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on PBF shares. Scotiabank dropped their price objective on PBF Energy from $25.00 to $16.00 and set a “sector perform” rating on the stock in a report on Friday, April 11th. JPMorgan Chase & Co. dropped 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 upgraded PBF Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $20.00 to $26.00 in a research report on Tuesday, May 13th. Mizuho lifted their target price on shares of PBF Energy from $22.00 to $23.00 and gave the stock an “underperform” rating in a research note on Tuesday, May 13th. Finally, TD Cowen lowered their price target on PBF Energy from $19.00 to $17.00 and set a “sell” rating for the company in a report on Tuesday, March 11th. Seven equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $22.91.

About PBF Energy

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.