Denali Advisors LLC Sells 3,800 Shares of PBF Energy Inc. (NYSE:PBF)

Denali Advisors LLC reduced its position in PBF Energy Inc. (NYSE:PBF) by 3.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 103,163 shares of the oil and gas company’s stock after selling 3,800 shares during the quarter. Denali Advisors LLC owned about 0.09% of PBF Energy worth $2,739,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Fortitude Family Office LLC boosted its position in shares of PBF Energy by 968.8% in the fourth quarter. Fortitude Family Office LLC now owns 1,165 shares of the oil and gas company’s stock valued at $31,000 after acquiring an additional 1,056 shares during the period. Quarry LP bought a new position in shares of PBF Energy in the third quarter valued at approximately $48,000. Harbor Capital Advisors Inc. bought a new position in shares of PBF Energy in the third quarter valued at approximately $59,000. Blue Trust Inc. boosted its position in shares of PBF Energy by 1,291.1% in the third quarter. Blue Trust Inc. now owns 2,184 shares of the oil and gas company’s stock valued at $68,000 after acquiring an additional 2,027 shares during the period. Finally, Golden State Wealth Management LLC bought a new position in shares of PBF Energy in the fourth quarter valued at approximately $61,000. 96.29% of the stock is currently owned by institutional investors.

PBF Energy Trading Down 1.4 %

PBF stock opened at $22.81 on Wednesday. The company has a market capitalization of $2.63 billion, a PE ratio of -4.84 and a beta of 1.60. PBF Energy Inc. has a one year low of $22.03 and a one year high of $62.88. The company’s 50 day moving average price is $27.30 and its two-hundred day moving average price is $30.36. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.54 and a current ratio of 1.25.

PBF Energy (NYSE:PBF) last posted its quarterly earnings results on Thursday, February 13th. The oil and gas company reported ($2.82) EPS for the quarter, missing the consensus estimate of ($1.80) by ($1.02). The business had revenue of $7.35 billion for the quarter, compared to analysts’ expectations of $7.25 billion. PBF Energy had a negative return on equity of 7.40% and a negative net margin of 1.61%. As a group, analysts predict that PBF Energy Inc. will post -1.12 earnings per share for the current fiscal year.

PBF Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Thursday, February 27th will be paid a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 4.82%. The ex-dividend date is Thursday, February 27th. PBF Energy’s payout ratio is -23.35%.

Insider Buying and Selling

In other news, insider Control Empresarial De Capital bought 70,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The shares were bought at an average cost of $25.56 per share, with a total value of $1,789,200.00. Following the completion of the purchase, the insider now directly owns 28,884,998 shares in the company, valued at $738,300,548.88. This represents a 0.24 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders have bought a total of 1,402,500 shares of company stock valued at $40,625,690 over the last three months. 5.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

PBF has been the subject of a number of analyst reports. StockNews.com lowered shares of PBF Energy from a “hold” rating to a “sell” rating in a research report on Monday, November 4th. Mizuho downgraded shares of PBF Energy from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $33.00 to $31.00 in a research note on Monday, December 16th. JPMorgan Chase & Co. lowered their target price on shares of PBF Energy from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. The Goldman Sachs Group lowered their target price on shares of PBF Energy from $38.00 to $34.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 10th. Finally, UBS Group lowered their target price on shares of PBF Energy from $29.00 to $26.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Seven research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $29.55.

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.