Union Bancaire Privee UBP SA Buys 15,496 Shares of PBF Energy Inc. $PBF

Union Bancaire Privee UBP SA lifted its stake in shares of PBF Energy Inc. (NYSE:PBF) by 49.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 46,556 shares of the oil and gas company’s stock after acquiring an additional 15,496 shares during the period. Union Bancaire Privee UBP SA’s holdings in PBF Energy were worth $2,107,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Torren Management LLC acquired a new stake in PBF Energy in the fourth quarter worth $30,000. Los Angeles Capital Management LLC bought a new stake in PBF Energy in the fourth quarter valued at $31,000. Smartleaf Asset Management LLC raised its holdings in shares of PBF Energy by 65.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,466 shares of the oil and gas company’s stock valued at $38,000 after purchasing an additional 579 shares during the period. Eurizon Capital SGR S.p.A. acquired a new position in shares of PBF Energy during the fourth quarter valued at about $57,000. Finally, Global Retirement Partners LLC boosted its position in shares of PBF Energy by 3,354.7% during the 4th quarter. Global Retirement Partners LLC now owns 2,211 shares of the oil and gas company’s stock worth $60,000 after purchasing an additional 2,147 shares in the last quarter. 96.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on PBF. Zacks Research downgraded PBF Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. Mizuho upped their price target on PBF Energy from $43.00 to $48.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. BMO Capital Markets increased their price target on PBF Energy from $43.00 to $50.00 and gave the stock a “market perform” rating in a report on Thursday, April 2nd. Citigroup raised their price objective on PBF Energy from $36.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Finally, Scotiabank boosted their price objective on PBF Energy from $28.00 to $34.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. Two analysts have rated the stock with a Buy rating, eight have issued a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $36.46.

Insider Transactions at PBF Energy

In other news, insider Control Empresarial De Capital sold 362,000 shares of the stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $43.50, for a total value of $15,747,000.00. Following the completion of the sale, the insider directly owned 18,891,698 shares of the company’s stock, valued at $821,788,863. This represents a 1.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP James E. Fedena sold 77,085 shares of the firm’s stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $49.60, for a total value of $3,823,416.00. Following the completion of the transaction, the senior vice president owned 139,016 shares in the company, valued at $6,895,193.60. This represents a 35.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,767,026 shares of company stock valued at $81,337,598 in the last quarter. Company insiders own 5.50% of the company’s stock.

PBF Energy Stock Up 2.0%

PBF Energy stock opened at $43.13 on Friday. PBF Energy Inc. has a 1-year low of $20.98 and a 1-year high of $52.18. The firm has a market capitalization of $5.10 billion, a price-to-earnings ratio of 11.63, a price-to-earnings-growth ratio of 0.14 and a beta of 0.12. The firm’s fifty day moving average price is $40.99 and its two-hundred day moving average price is $37.78. The company has a current ratio of 1.31, a quick ratio of 0.62 and a debt-to-equity ratio of 0.50.

PBF Energy (NYSE:PBF) last issued its quarterly earnings data on Thursday, April 30th. The oil and gas company reported ($0.88) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.79) by ($0.09). The business had revenue of $7.90 billion for the quarter, compared to analyst estimates of $7.32 billion. PBF Energy had a net margin of 1.46% and a negative return on equity of 4.12%. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($3.53) earnings per share. On average, equities research analysts predict that PBF Energy Inc. will post 7.69 earnings per share for the current fiscal year.

PBF Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 14th were paid a dividend of $0.275 per share. The ex-dividend date was Thursday, May 14th. This represents a $1.10 dividend on an annualized basis and a yield of 2.6%. PBF Energy’s payout ratio is 29.65%.

About PBF Energy

PBF Energy, Inc is an independent petroleum refiner organized in 2008 and headquartered in Parsippany, New Jersey. The company began trading on the New York Stock Exchange in July 2012 under the ticker symbol PBF. Since its formation, PBF Energy has grown through acquisitions and operational optimization, positioning itself as a leading supplier of refined petroleum products in the United States.

The company owns and operates five refineries located along the U.S. Gulf Coast, East Coast and in the Pacific Northwest, with a combined crude oil processing capacity of approximately 900,000 barrels per day.