Yousif Capital Management LLC Has $968,000 Holdings in PBF Energy Inc. $PBF

Yousif Capital Management LLC boosted its stake in shares of PBF Energy Inc. (NYSE:PBF) by 5.4% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 44,688 shares of the oil and gas company’s stock after purchasing an additional 2,284 shares during the quarter. Yousif Capital Management LLC’s holdings in PBF Energy were worth $968,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB increased its holdings in shares of PBF Energy by 761.0% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,412 shares of the oil and gas company’s stock valued at $31,000 after purchasing an additional 1,248 shares during the period. Allworth Financial LP increased its holdings in shares of PBF Energy by 194.3% in the 1st quarter. Allworth Financial LP now owns 1,651 shares of the oil and gas company’s stock valued at $32,000 after purchasing an additional 1,090 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of PBF Energy in the 1st quarter valued at about $35,000. Neo Ivy Capital Management acquired a new position in shares of PBF Energy in the 1st quarter valued at about $37,000. Finally, Activest Wealth Management increased its holdings in shares of PBF Energy by 199,900.0% in the 1st quarter. Activest Wealth Management now owns 2,000 shares of the oil and gas company’s stock valued at $38,000 after purchasing an additional 1,999 shares during the period. Institutional investors and hedge funds own 96.29% of the company’s stock.

Insider Buying and Selling

In other PBF Energy news, SVP Trecia M. Canty sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $34.13, for a total transaction of $1,706,500.00. Following the completion of the sale, the senior vice president owned 173,332 shares of the company’s stock, valued at $5,915,821.16. This represents a 22.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Connor Thomas L. O sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $34.00, for a total value of $1,020,000.00. Following the sale, the senior vice president directly owned 207,984 shares of the company’s stock, valued at $7,071,456. The trade was a 12.61% decrease in their position. The disclosure for this sale can be found here. 6.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on PBF shares. UBS Group upped their target price on PBF Energy from $28.00 to $37.00 and gave the company a “buy” rating in a report on Tuesday, September 23rd. Weiss Ratings reiterated a “sell (d+)” rating on shares of PBF Energy in a report on Wednesday, October 8th. Piper Sandler boosted their price target on PBF Energy from $22.00 to $29.00 and gave the company an “underweight” rating in a research note on Thursday, September 11th. Mizuho boosted their price target on PBF Energy from $23.00 to $26.00 and gave the company an “underperform” rating in a research note on Monday, September 15th. Finally, Citigroup boosted their price target on PBF Energy from $16.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, July 16th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and eight have issued a Sell rating to the stock. According to data from MarketBeat.com, PBF Energy presently has a consensus rating of “Reduce” and an average price target of $26.17.

PBF Energy Trading Down 5.1%

Shares of NYSE PBF opened at $28.00 on Wednesday. The stock has a market cap of $3.24 billion, a price-to-earnings ratio of -3.26 and a beta of 0.85. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.55 and a current ratio of 1.31. The business has a 50 day simple moving average of $28.25 and a 200 day simple moving average of $23.35. PBF Energy Inc. has a 52 week low of $13.61 and a 52 week high of $34.29.

PBF Energy (NYSE:PBF) last announced its earnings results on Thursday, July 31st. The oil and gas company reported ($1.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.19) by $0.16. The firm had revenue of $7.48 billion during the quarter, compared to analysts’ expectations of $6.65 billion. PBF Energy had a negative return on equity of 17.46% and a negative net margin of 3.24%.The company’s revenue was down 14.4% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.54) earnings per share. On average, research analysts predict that PBF Energy Inc. will post -1.12 earnings per share for the current fiscal year.

PBF Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were given a dividend of $0.275 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $1.10 dividend on an annualized basis and a yield of 3.9%. PBF Energy’s dividend payout ratio is presently -12.81%.

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.