Banque Cantonale Vaudoise Invests $68,000 in PBF Energy Inc. (NYSE:PBF)

Banque Cantonale Vaudoise purchased a new position in PBF Energy Inc. (NYSE:PBF) 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

A number of research firms recently issued reports on PBF. Wells Fargo & Company increased their target price on PBF Energy from $56.00 to $64.00 and gave the stock an “overweight” rating in a research note on Friday, September 8th. Mizuho lowered their target price on PBF Energy from $63.00 to $53.00 and set a “neutral” rating for the company in a research note on Friday, October 6th. Piper Sandler raised their price target on shares of PBF Energy from $63.00 to $65.00 and gave the stock an “overweight” rating in a research note on Monday, October 9th. BMO Capital Markets began coverage on shares of PBF Energy in a research note on Thursday, October 5th. They set an “outperform” rating and a $60.00 price target for the company. Finally, Bank of America raised their price target on shares of PBF Energy from $56.00 to $65.00 and gave the stock a “neutral” rating in a research note on Monday, September 18th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $57.67.

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.