PBF Energy Inc. $PBF Shares Bought by Leuthold Group LLC

Leuthold Group LLC increased its position in PBF Energy Inc. (NYSE:PBF) by 10.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,369 shares of the oil and gas company’s stock after purchasing an additional 8,181 shares during the period. Leuthold Group LLC owned approximately 0.08% of PBF Energy worth $6,878,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Retirement Systems of Alabama lifted its stake in shares of PBF Energy by 16.8% in the third quarter. Retirement Systems of Alabama now owns 101,479 shares of the oil and gas company’s stock valued at $7,810,000 after buying an additional 14,601 shares in the last quarter. Fulcrum Asset Management LLP grew its holdings in shares of PBF Energy by 123,826.3% during the third quarter. Fulcrum Asset Management LLP now owns 47,092 shares of the oil and gas company’s stock valued at $3,543,000 after buying an additional 47,054 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of PBF Energy by 85.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 258,428 shares of the oil and gas company’s stock worth $21,279,000 after acquiring an additional 119,385 shares in the last quarter. Brighton Jones LLC increased its position in shares of PBF Energy by 1.8% during the third quarter. Brighton Jones LLC now owns 12,632 shares of the oil and gas company’s stock worth $972,000 after acquiring an additional 220 shares in the last quarter. Finally, Parallel Advisors LLC increased its position in shares of PBF Energy by 7.7% during the third quarter. Parallel Advisors LLC now owns 3,284 shares of the oil and gas company’s stock worth $253,000 after acquiring an additional 234 shares in the last quarter. Institutional investors and hedge funds own 96.29% of the company’s stock.

PBF Energy Price Performance

PBF opened at $69.57 on Tuesday. PBF Energy Inc. has a 1 year low of $25.62 and a 1 year high of $92.46. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.59 and a quick ratio of 0.96. The company has a market capitalization of $8.25 billion, a price-to-earnings ratio of 3.11, a P/E/G ratio of 0.07 and a beta of 0.15. The firm’s fifty day moving average price is $77.59 and its two-hundred day moving average price is $54.71.

PBF Energy (NYSE:PBF) last announced its earnings results on Thursday, October 29th. The oil and gas company reported $12.78 EPS for the quarter, beating the consensus estimate of $11.12 by $1.66. PBF Energy had a net margin of 6.98% and a return on equity of 34.92%. The company had revenue of $12.13 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter in the prior year, the company posted ($0.52) earnings per share. The firm’s revenue for the quarter was up 58.6% on a year-over-year basis. As a group, analysts anticipate that PBF Energy Inc. will post 26.78 earnings per share for the current fiscal year.

PBF Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 24th. Shareholders of record on Thursday, November 12th will be given a $0.3250 dividend. This represents a $1.30 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Thursday, November 12th. This is a positive change from PBF Energy’s previous quarterly dividend of $0.2750. PBF Energy’s payout ratio is currently 4.91%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Zacks Research raised shares of PBF Energy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 23rd. Weiss Ratings upgraded PBF Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Mizuho boosted their price objective on PBF Energy from $65.00 to $89.00 and gave the stock a “neutral” rating in a report on Thursday, October 8th. Wall Street Zen raised PBF Energy from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st. Finally, UBS Group reissued a “buy” rating and issued a $99.00 price objective on shares of PBF Energy in a research note on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, PBF Energy currently has a consensus rating of “Hold” and a consensus target price of $70.50.

Insiders Place Their Bets

In other PBF Energy news, CAO Steven John Andriola sold 2,522 shares of the stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $76.69, for a total value of $193,412.18. Following the completion of the sale, the chief accounting officer owned 16,659 shares in the company, valued at approximately $1,277,578.71. This trade represents a 13.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Control Empresarial De Capital sold 170,000 shares of PBF Energy stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of $88.03, for a total transaction of $14,965,100.00. Following the transaction, the insider directly owned 13,326,127 shares in the company, valued at approximately $1,173,098,959.81. This represents a 1.26% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 2,380,060 shares of company stock valued at $181,363,248. Corporate insiders own 5.50% of the company’s stock.

PBF Energy Profile

PBF Energy is an independent petroleum refiner and supplier headquartered in Parsippany, New Jersey. Founded in 2008, the company operates refineries in several U.S. regions, including the East Coast, Midwest, Gulf Coast and West Coast.

PBF processes crude oil and other feedstocks into transportation fuels and other petroleum products. Its product slate includes gasoline, diesel, jet fuel, heating oil, lubricants and petrochemical feedstocks, which it supplies to wholesale and commercial customers.

The company also has logistics operations that support the movement and storage of crude oil and refined products through pipelines, terminals and related infrastructure.