Banque Cantonale Vaudoise purchased a new position in PBF Energy Inc. (NYSE:PBF – Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,658 shares of the oil and gas company’s stock, valued at approximately $68,000.
Several other hedge funds and other institutional investors have also made changes to their positions in PBF. Parallel Advisors LLC raised its position in shares of PBF Energy by 51.4% during the second quarter. Parallel Advisors LLC now owns 695 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 236 shares during the period. Metropolitan Life Insurance Co NY increased its stake in PBF Energy by 6.1% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 6,136 shares of the oil and gas company’s stock worth $250,000 after purchasing an additional 352 shares in the last quarter. Moneta Group Investment Advisors LLC increased its stake in PBF Energy by 4.3% during the 1st quarter. Moneta Group Investment Advisors LLC now owns 9,920 shares of the oil and gas company’s stock worth $430,000 after purchasing an additional 405 shares in the last quarter. Pathstone Family Office LLC increased its stake in PBF Energy by 3.0% during the 4th quarter. Pathstone Family Office LLC now owns 14,288 shares of the oil and gas company’s stock worth $583,000 after purchasing an additional 413 shares in the last quarter. Finally, Silver Oak Securities Incorporated increased its stake in PBF Energy by 9.6% during the 2nd quarter. Silver Oak Securities Incorporated now owns 5,400 shares of the oil and gas company’s stock worth $221,000 after purchasing an additional 475 shares in the last quarter. 89.56% of the stock is currently owned by institutional investors.
Insider Buying and Selling at PBF Energy
In other PBF Energy news, SVP Connor Thomas L. O sold 50,000 shares of the firm’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $55.17, for a total transaction of $2,758,500.00. Following the completion of the sale, the senior vice president now owns 117,503 shares of the company’s stock, valued at approximately $6,482,640.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.30% of the company’s stock.
Wall Street Analyst Weigh In
PBF Energy Price Performance
NYSE:PBF opened at $45.01 on Monday. PBF Energy Inc. has a 1-year low of $31.25 and a 1-year high of $56.38. The company has a current ratio of 1.58, a quick ratio of 0.85 and a debt-to-equity ratio of 0.19. The firm has a fifty day simple moving average of $48.81 and a 200 day simple moving average of $44.56. The stock has a market capitalization of $5.50 billion, a PE ratio of 2.07 and a beta of 1.84.
PBF Energy Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Wednesday, November 15th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This is a boost from PBF Energy’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a dividend yield of 2.22%. PBF Energy’s dividend payout ratio (DPR) is currently 4.61%.
PBF Energy Profile
PBF Energy Inc, together with 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.
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