Raymond James Financial Services Advisors Inc. Increases Holdings in PBF Energy Inc. (NYSE:PBF)

Raymond James Financial Services Advisors Inc. increased its stake in PBF Energy Inc. (NYSE:PBF) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 36,397 shares of the oil and gas company’s stock after purchasing an additional 580 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in PBF Energy were worth $1,600,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Fifth Third Bancorp boosted its stake in PBF Energy by 39.8% during the third quarter. Fifth Third Bancorp now owns 808 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 230 shares during the period. Fortitude Family Office LLC bought a new stake in shares of PBF Energy in the 4th quarter valued at about $44,000. Farther Finance Advisors LLC lifted its stake in shares of PBF Energy by 473.5% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,210 shares of the oil and gas company’s stock valued at $50,000 after acquiring an additional 999 shares during the last quarter. Penserra Capital Management LLC bought a new stake in shares of PBF Energy in the 3rd quarter valued at about $87,000. Finally, Headlands Technologies LLC bought a new stake in shares of PBF Energy in the 3rd quarter valued at about $101,000. Institutional investors own 96.29% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on PBF shares. Citigroup assumed coverage on PBF Energy in a research note on Wednesday, January 24th. They issued a “neutral” rating for the company. StockNews.com downgraded PBF Energy from a “buy” rating to a “hold” rating in a report on Monday, December 18th. JPMorgan Chase & Co. boosted their price target on PBF Energy from $54.00 to $59.00 and gave the company an “overweight” rating in a report on Monday, April 1st. Scotiabank boosted their price target on PBF Energy from $39.00 to $56.00 and gave the company a “sector perform” rating in a report on Thursday. Finally, Mizuho downgraded PBF Energy from a “buy” rating to a “neutral” rating and boosted their price target for the company from $53.00 to $58.00 in a report on Friday, March 22nd. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $57.55.

Insider Transactions at PBF Energy

In other news, SVP Connor Thomas L. O sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $55.07, for a total value of $2,202,800.00. Following the sale, the senior vice president now directly owns 160,338 shares of the company’s stock, valued at approximately $8,829,813.66. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, SVP Connor Thomas L. O sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $55.07, for a total value of $2,202,800.00. Following the sale, the senior vice president now directly owns 160,338 shares of the company’s stock, valued at approximately $8,829,813.66. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Paul T. Davis sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $56.37, for a total value of $5,637,000.00. Following the completion of the sale, the senior vice president now directly owns 110,978 shares in the company, valued at $6,255,829.86. The disclosure for this sale can be found here. Insiders have sold a total of 180,000 shares of company stock valued at $10,074,600 in the last ninety days. 5.30% of the stock is currently owned by corporate insiders.

PBF Energy Stock Up 1.7 %

PBF stock opened at $60.06 on Friday. PBF Energy Inc. has a fifty-two week low of $31.25 and a fifty-two week high of $62.88. The business’s 50 day moving average price is $53.14 and its two-hundred day moving average price is $48.21. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.81 and a current ratio of 1.56. The company has a market capitalization of $7.18 billion, a price-to-earnings ratio of 3.65 and a beta of 1.73.

PBF Energy (NYSE:PBF) last posted its earnings results on Thursday, February 15th. The oil and gas company reported ($0.41) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.49). PBF Energy had a return on equity of 23.69% and a net margin of 5.59%. The firm had revenue of $9.14 billion for the quarter, compared to analysts’ expectations of $8.65 billion. During the same quarter last year, the company posted $4.41 EPS. The firm’s revenue was down 15.7% on a year-over-year basis. As a group, analysts forecast that PBF Energy Inc. will post 6.35 earnings per share for the current fiscal year.

PBF Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Thursday, February 29th were given a $0.25 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.67%. PBF Energy’s dividend payout ratio is currently 6.08%.

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.